Question 1

What are the highest interest rates for State Bank of India in 2026?

Accepted Answer

As of September 2026, State Bank of India offers up to 6.45% p.a. on Fixed Deposits and up to 2.50% p.a. on Savings Accounts based on the balance slabs maintained.

Question 2

Is State Bank of India safe for depositing money?

Accepted Answer

Yes, State Bank of India is a scheduled bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by the DICGC, which covers principal and interest across all account types.

Question 3

What is the minimum tenure and senior citizen benefit for State Bank of India FDs?

Accepted Answer

The minimum tenure for a fixed deposit with State Bank of India starts from 7 Days. Senior citizens receive an additional interest rate benefit of up to 1.00% p.a. over general citizen rates.

Question 4

Are returns on State Bank of India FDs and Savings Accounts taxable?

Accepted Answer

Yes, interest earned on deposits is taxable. Savings account interest is tax-free up to ₹10,000 per year (₹50,000 for senior citizens) under Section 80TTA/80TTB. FD interest is fully taxable, and TDS is deducted at 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.

Maturity	USD
1 year	4.40%BEST
Above 1 to <2 years	4.40%
2 to <3 years	3.55%
3 to <4 years	3.35%
4 to <5 years	2.95%
5 years	3.05%

TENURE	Interest Rate
1 to <2 years	6.25%
444 daysSpecial FD	6.45%BEST
2 to <3 years	6.40%
3 to <5 years	6.30%
1111 daysGreen FD	6.30%
1777 daysGreen FD	6.30%
5 to 10 years	6.05%
2222 daysGreen FD	6.05%

State Bank of India

Bank Overview

Financial Health Indicators(FY 2026)

Fixed Deposit (FD) Interest Rates

Savings Account Interest Rates

Foreign Currency Non-Resident (FCNR-B) Deposit Rates

NRI Fixed Deposit Rates (NRE & NRO)

Frequently Asked Questions

State Bank of India FD Calculator