Indian Bank FD Interest Rates 2025 Calculator SBI

Compound Interest Formula:

\[ A = P \times (1 + r/n)^{n \times t} \]

Principal Amount (P):

₹

Annual Interest Rate (r):

Time Period (t):

years

Compounding Frequency (n):

Maturity Amount (A):

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1. What Is The SBI Fixed Deposit Calculator?

The SBI Fixed Deposit Calculator helps you estimate the maturity amount of your fixed deposit investment using the compound interest formula. It calculates returns based on principal amount, interest rate, tenure, and compounding frequency.

2. How Does The Calculator Work?

The calculator uses the compound interest formula:

\[ A = P \times (1 + r/n)^{n \times t} \]

Where:

\( A \) — Maturity amount (₹)
\( P \) — Principal amount (₹)
\( r \) — Annual interest rate (decimal)
\( n \) — Compounding frequency per year
\( t \) — Time period in years

Explanation: The formula calculates how your investment grows over time with compound interest, where interest is added to the principal at regular intervals.

3. Importance Of FD Calculation

Details: Accurate FD calculation helps in financial planning, comparing investment options, and understanding how compounding can significantly increase your returns over time.

4. Using The Calculator

Tips: Enter principal amount in rupees, annual interest rate as a percentage, time period in years, and select compounding frequency. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the minimum investment for SBI FD?
A: The minimum investment amount for SBI fixed deposits is typically ₹1,000 for regular deposits and ₹100 for special schemes.

Q2: Are SBI FD returns taxable?
A: Yes, interest earned on SBI fixed deposits is taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 (₹50,000 for senior citizens) per year.

Q3: What are the current SBI FD interest rates?
A: SBI FD rates vary based on tenure and deposit amount. For 2025, rates range from 3.5% to 7.5% for general public, with higher rates for senior citizens.

Q4: Can I withdraw my FD prematurely?
A: Yes, but premature withdrawal may attract a penalty of 0.5-1% on the applicable interest rate, depending on the tenure and terms.

Q5: How is compounding frequency important?
A: Higher compounding frequency (quarterly or monthly) results in slightly higher returns compared to annual compounding due to the compounding effect.