Earn interest up to 8.60% p.a. by investing in a Bajaj Finance Fixed Deposit | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable) Invest Now

Investing in an SBI FD is ideal for risk-averse investors looking to gain assured returns. This non-market-linked scheme is a great option to earn additional income on your idle funds and keep your initial corpus secure.


Before you invest, use the SBI FD calculator to get an estimate of your returns. This can help you assess if the current terms are ideal for your goals. If not, you can use the calculator to evaluate the right terms that give you desired returns. 


Read on to learn the latest SBI FD interest rates and the benefits of using an SBI fixed deposit calculator, and more. 

SBI Fixed Deposit Calculator

Deposit Amount
Interest Rate
Interest Payout
Your Total Maturity Amount is
Your Total Maturity Amount is
Total Investment
Total Interest Earned

Interest Rates for SBI FD

Before you invest in an SBI FD, check out the latest rates. This will help you choose the best terms that match your needs. Here are the latest SBI FD interest rates for domestic deposits under ₹2 Crores:


Non-Senior Citizens (p.a.)

Senior Citizens (p.a.)

7 days to 10 years

3.00%  - 7.00%

3.50% - 7.50%

400 days (Amrit Kalash)



Disclaimer: The above interest rates are current as of October 2023 and are subject to change as per the bank’s policy.


Using the rates from the above table, you can use the State Bank of India FD calculator and check the returns for different investment terms. 

Benefits of an SBI FD Calculator

Using an FD calculator is an important step before you begin your investment. Here are the reasons why computing your returns with this digital tool is key to a positive experience. 

1. Select a Suitable Tenor

One of the major benefits of the SBI FD calculator is that it can help you decide the ideal tenor for your FD investment. You can adjust the investment terms to understand which duration gives you the returns you desire. 

2. Avoid Errors in Calculations

If you make multiple calculations manually, there are high chances of errors. However, an SBI FD calculator can make unlimited calculations accurately as it is an automated tool. As such, you can make informed decisions based on the correct estimates. 

3. Calculate Estimated Returns

Before you book an FD, ensuring you get the highest possible returns on your investment is crucial. You can easily do that by using a SBI FD calculator. Simply take your investment amount, assess the estimates for different tenors and choose accordingly. 

4. Save Time

Using an SBI fixed deposit calculator is faster than making calculations by hand, so you can save time. In fact, you can get estimates in just a few clicks.

5. Plan Your Investment

Issuers often offer a special tenor which can give you better returns. For example, you can use the SBI fixed deposit interest calculator to compare the returns for its special tenor ‘Amrit Kalash’ against other tenors. This way, you ensure you do not miss out on a great opportunity.


In addition to the above benefits, the SBI FD calculator is very simple to use. All you have to do is enter the amount you want to invest, choose a tenor, and select the interest rate (if available). Then, you must submit the details to get the estimates. 


Remember, in some cases, you may be unable to choose the interest rate as the calculator will automatically fill it depending on the tenor. 


If you plan to invest in fixed deposits, you can get umpteen options on Bajaj Markets. Choose a plan that best suits your goals and maximise your gains in just a few clicks.


The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort. 

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products. 

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FAQs on the SBI FD Calculator

For all deposits under ₹2 Crores, the interest rate depends on the tenor you choose. You can get between 3.00% and 7.10% per annum as a non-senior citizen investor. The interest rate range for senior citizens is from 3.50% to 7.60% per annum. You can choose the best tenor by using an SBI FD calculator.

Your investment of ₹10,000 in an SBI FD for 5 years will earn interest at 6.50% as a non-senior investor. Using the SBI FD interest rates calculator, you can get an interest payout of about ₹38,042. Remember, the actual earnings may vary depending on the type of FD and the prevailing rates.

The returns from an FD are calculated by a simple or compound interest formula, depending on the terms you choose. As such, the SBI FD calculator is a formula-based calculator that uses your investment terms to estimate your returns.

As of October 2023, the highest FD interest rate by SBI is for the special tenor – Amrit Kalash (400 days). You can earn 7.10% interest for this tenor if you are a non-senior citizen investor. For senior citizens, the interest rate goes up to 7.60% per annum. You can use an SBI FD calculator to estimate the returns and invest accordingly. 

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