How to Use SBI Bank FD Calculator: Check 2025 Interest Rates & Eligibility Details
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Fixed Deposits (FDs) are one of the safest and most popular ways to grow your savings. State Bank of India (SBI), being one of the largest banks in India, offers a range of FD options.
If you're planning to invest in an FD with SBI, using the SBI FD Calculator can help you understand how much return you can expect. In this blog, we’ll explain how to use the calculator, the 2025 interest rates, and the eligibility criteria.
What is an SBI Bank FD Calculator?
An SBI Bank FD Calculator is an online tool that helps you calculate the interest and maturity amount you will earn on your Fixed Deposit. It is simple to use and gives you a clear idea of your earnings based on the deposit amount, tenure, and interest rate.
How to Use the SBI Bank FD Calculator
Using the SBI Bank FD Calculator is very easy. Just follow these steps:
- Visit the SBI Official Website or any reliable financial portal offering the FD calculator.
- Enter the deposit amount – the amount you want to invest.
- Choose the tenure – how long you plan to keep your money in the FD (e.g., 1 year, 3 years, 5 years).
- Select the interest rate – check the current SBI FD interest rate for 2025.
- Choose the type of FD – whether it’s a cumulative FD (interest paid at maturity) or non-cumulative (interest paid monthly/quarterly).
- Click on Calculate to view the maturity amount and total interest earned.
SBI Bank FD Interest Rates for 2025
Here are the expected SBI Bank FD interest rates for 2025:
| General Public | Senior Citizen | |||
| Tenors | Existing Rates for Public w.e.f. 15/06/2024 | Revised Rates for Public w.e.f. 15/04/2025 | Existing Rates for Senior Citizen w.e.f. 15/06/2024 | Revised Rates for Senior Citizen w.e.f. 15/04/2025 |
| 7 days to 45 days | 3.50 | 3.50 | 4.00 | 4.00 |
| 46 days to 179 days | 5.50 | 5.50 | 6.00 | 6.00 |
| 180 days to 210 days | 6.25 | 6.25 | 6.75 | 6.75 |
| 211 days to less than 1 year | 6.50 | 6.50 | 7.00 | 7.00 |
| 1 Year to less than 2 years | 6.80 | 6.70 | 7.30 | 7.20 |
| 2 years to less than 3 years | 7.00 | 6.90 | 7.50 | 7.40 |
| 3 years to less than 5 years | 6.75 | 6.75 | 7.25 | 7.25 |
| 5 years and up to 10 years | 6.50 | 6.50 | 7.50* | 7.50* |
SBI Bank Fixed Deposit Features
Here are some important features of SBI Bank Fixed Deposits that investors should know:
| Minimum Period of Deposit: | 7 days |
| Maximum Period of Deposit: | Up to 10 years |
| Minimum Deposit Amount: | ₹1,000 |
| Maximum Deposit Amount: | No upper limit |
| Bulk Deposits: | Any deposit of ₹2 crore or more is classified as a bulk deposit and may have different interest rates. |
| Availability: | FD services are available at all SBI branches across India |
These features make SBI FDs flexible and accessible for both short-term and long-term financial goals. Whether you're saving for a few months or planning for a decade, there's a suitable FD option available.
Eligibility Criteria for SBI Bank FD
To open an SBI Bank Fixed Deposit, you must meet the following eligibility:
- Individuals: Resident Indians can open a fixed deposit in their own name.
- Minors: Can open an FD account through their parent or guardian.
- Senior Citizens: Eligible for a higher interest rate (usually an extra 0.50% p.a.).
- Hindu Undivided Families (HUFs): Can open FD accounts in the name of the HUF.
- Partnership Firms, Companies, Trusts, and Societies: Can open FDs for business or investment purposes.
- NRIs: Can open NRE/NRO Fixed Deposits, subject to RBI guidelines.
Benefits of Using the SBI Bank FD Calculator
Using the SBI Bank FD Calculator has several advantages:
- Quick and Accurate Results: It calculates your FD maturity amount in seconds without manual math.
- Helps in Financial Planning: You can plan your short-term or long-term savings based on expected returns.
- User-Friendly Interface: Most FD calculators are easy to use and require only basic details.
- Compare Different Tenures and Amounts: It helps you find the best deposit duration and amount to maximize your returns.
- Free and Accessible Anytime: Available online, you can use it anytime to plan your investments.
- Visual Estimations: Some calculators show a graph or breakdown of how your investment grows over time.
- Risk-Free Planning: Since FDs are a low-risk option, the calculator helps you plan safely without exposure to market volatility.
- Time-Saving: Saves time compared to manually calculating interest and maturity amounts.
- Confidence in Decision Making: Helps you make informed investment decisions with clarity.
- Customizable Inputs: You can easily change deposit amounts, tenure, and type to see how your returns vary.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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