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FD Update – Get Attractive Interest Rates on SBI Fixed Deposits, Don’t Miss Out

vipin kumar
By vipin kumar
2 min read
Published: 06 Mar 2026
Fixed Deposit

New Delhi: Bank FDs remain a great way to earn money. If you want to earn money every month, a bank FD can be a great option. Bank investments offer high interest rates and future profits, hassle-free. You’ve likely heard of SBI, India’s largest bank.

By making an FD with SBI, you can reap significant benefits without any hassle. Deposit a lump sum with SBI, and the interest will begin to be transferred to your account. This offers no risk and future benefits. You can make an FD with SBI for 3 to 5 years.

SBI offers bumper interest on FDs.

SBI, the country’s largest public sector bank, offers 6.30% interest to general customers for periods of more than 3 years but less than 5 years. Senior citizens are offered up to 6.80% interest.

According to the SBI FD calculator, if a senior citizen makes an FD of Rs 500,000 with SBI for 4 years, based on quarterly compounding, they will receive a maturity return of Rs 1,54,795. At maturity, you will have a corpus of Rs 654,795.

On the other hand, if a typical customer makes an FD of Rs 500,000 for 4 years, based on a 6.3 per cent interest rate, the maturity return will be Rs 142,036 based on quarterly compounding. Consequently, after 4 years, you will have a total of Rs 642,036.

Key points to know before making an FD

For your information, interest on FDs is usually paid quarterly from the date of opening the deposit. A lump sum payment of the principal is then made upon maturity.

Furthermore, interest payments for fixed deposits of 12 months or more can be made at monthly, half-yearly, or yearly intervals, depending on the depositor’s demand.

Other banks also offer good interest rates on FDs.

You’ll be pleased to know that other banks also offer good interest rates on FDs, with no hassles. In addition to SBI, people can also invest in banks like PNB, HDFC, Yes Bank, and Bank of Baroda to earn good returns. To do this, you’ll need to visit the bank first and sign up.

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