Question 1

What is the current SBI FD interest rate?

Accepted Answer

As of April 2026, SBI offers 6.50% for general citizens and 7.50% for senior citizens on 1-year FD. The 5-year FD rate is 6.75% (7.75% for seniors). SBI FD rates are competitive and government-backed.

Question 2

Is SBI FD safe?

Accepted Answer

Yes, SBI FDs are extremely safe as SBI is India's largest bank. All SBI deposits are insured by DICGC up to ₹5 lakh per depositor per bank. SBI has consistently maintained its credit rating.

Question 3

Does SBI offer tax-saving FD?

Accepted Answer

Yes, SBI offers 5-year tax-saving FD under Section 80C of Income Tax Act. You can invest up to ₹1.5 lakh per financial year and claim tax deduction. The interest is taxable but principal qualifies for 80C deduction.

Question 4

What is the minimum deposit for SBI FD?

Accepted Answer

SBI minimum FD deposit is ₹1,000 for regular FDs. For tax-saving FDs, minimum is ₹1,000 as well. You can open FD through SBI Yono app, net banking, or visit any branch.

Tenure	General Rate	Senior Rate
7-45 days	4.50%	5.50%
46-90 days	5.50%	6.50%
91-179 days	6.00%	7.00%
180-210 days	6.25%	7.25%
211 days - 1 year	6.50%	7.50%
1-2 years	6.75%	7.75%
2-3 years	6.75%	7.75%
3-5 years	6.50%	7.50%

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