SBI Fixed Deposit Schemes & Interest Rates in 2026

With a changing economic scenario, fixed deposits still have been one of the safest and most reliable investment options in India. The State Bank of India (SBI) is the only bank that offers a wide range of SBI Fixed Deposit Schemes, competitive SBI FD interest rates, and a high degree of trust. The SBI Fixed Deposit Schemes in 2026 are designed to serve salaried individuals, retirees, high-net-worth investors, and NRIs, and to suit both short- and long-term financial objectives.

Let us discuss the nature of FD in SBI, their characteristics, eligibility and how investors, particularly senior citizens, can maximise SBI Fixed Deposit Interest Rates.

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Types of FD in SBI

SBI offers several fixed deposit products under different SBI FD schemes, with investment purposes such as protecting capital, saving on taxes, generating monthly income, and achieving higher returns. The most popular types of SBI Fixed Deposit Schemes are listed below and are available in 2026.

SBI Regular Fixed Deposit

The regular SBI Fixed Deposit enables the investor to deposit a lump sum of money over a given period at a fixed rate under standard SBI FD rates.

Key Features

• Minimum Deposit: ₹1,000
• Maximum Deposit: No maximum deposits.
• Tenure: 7 days to 10 years
• Interest Rate (2026): Up to 7.05% p.a.
• Senior Citizen Benefit: More interest on top of the normal rates.

To see the current and tenure-based SBI FD rates, you can visit the specific SBI FD rates page.

SBI Annuity Deposit Scheme

This plan is a constant monthly income option under SBI Fixed Deposit Schemes and therefore is appropriate for retirees who are interested in regular income.

Key Features

• Salaries in the form of monthly payouts in the style of EMI.
• Tenure: 3, 5, 7, or 10 years
• Interest rate: This is pegged to the current rates of SBI term deposits.
• Applicable to citizens, including minors.

SBI Multi Option Deposit (MOD)

The SBI MOD scheme combines liquidity with higher returns on SBI Fixed Deposits by using a savings account as the fixed-deposit base.

Key Features

• Minimum Deposit: ₹15,000
• Withdrawals made in part without violating the FD.
• Interest Rate: equal to normal SBI FD rates.
• Appropriate in the case of emergency liquidity requirements.

SBI Tax Saving Fixed Deposit (Section 80C)

This SBI Tax Saving FD enables the investors to save tax and get stable returns.

Key Features

• Investment Limit: Up to ₹1.5 lakh
• Lock-in Period: 5 years

• Maximum tenure: 10 years
• Interest Rate (2026): Up to 7.05% p.a. under SBI FD Interest Rates 2026
• Tax Benefit: Qualified under Section 80C.

SBI Special Term Deposit (Including SBI 444 FD)

SBI issues special tenure FDs every now and then, including the current SBI 444 FD (Amrit Vrishti), in which the returns are high in a fixed period.

Key Features

• Tenure: 444 days
• Interest Rate (2026): Maximum 6.95% p. a. on senior citizens under SBI FD for Senior Citizens
• Loan facility available

You may find out more about the SBI 444 FD on the page that will be able to show you the available information and the existing rates.

SBI Floating Rate Bulk term deposit

This FD is pegged to the repo rate and is favored by an increase in the interest rate cycles under SBI Fixed Deposit Schemes.

Key Features

• Minimum Deposit: ₹3 crore
• Tenure: 7 days to 10 years
• Current Interest rate: 4.50% to 6.75%
• Loan/OD facility: up to 90 per cent of deposit

SBI FD Schemes Under Senior Citizens

SBI provides senior citizens with unique benefits under various FD schemes, which makes SBI FD for Senior Citizens one of the most suitable and low risk investment options among the retirees.

Senior Citizen FD Benefits

• Through interest which is 0.50% p.a. above other rates.
• Higher rate of interest on special plans such as SBI 444 FD.
• Monthly income options by way of annuity deposit.
• SBI FDs can also be used by senior citizens as security in borrowing or overdrafts.

SBI Fixed Deposits for NRIs

SBI offers a variety of SBI FD for NRIs with or without need of repatriation:

• SBI NRE FD in India- Interest earned on this FD is tax free in India.
• SBI NRO FD- Interest income earned in India is taxable at 30.90% and 34.608% for amounts less than or equal to ₹1 cr and above ₹1 cr respectively.
• SBI FCNR FD- foreign currency deposits.
• SBI RFC FD – For returning NRIs

All the schemes provide attractive SBI FD interest rates and terms.

How to Investment in SBI FD Schemes in 2026 

You can invest in SBI Fixed Deposit online or offline. You can either download the SBI YONO app to start investing in SBI FD or go to the SBI Online portal and start by entering username and password or by registering on the portal as a new consumer.

To invest in SBI FD schemes follow the steps below:

1. Go to a branch of SBI or SBI Internet Banking.
2. Ask for FD form
3. Fill the form and submit KYC documents
4. Make payment

The processing is done digitally or physically, and the FD receipt is issued.

Documents Required to Apply for SBI FD Schemes

• Identity evidence (Aadhaar, PAN, Passport)
• Address proof
• Photograph
• Completed application form

Eligibility Criteria to Book SBI FD

Individuals or entities can invest in SBI Fixed Deposit schemes, including resident individuals, non-resident Indians, Hindu Undivided Families (HUFs), trusts, and corporations. The eligibility criteria may vary depending on the specific scheme or for joint accounts, or accounts opened on behalf of minors. 

It is advisable to check with the bank or refer to the specific scheme guidelines for detailed eligibility requirements.

SBI Fixed Deposit Schemes in 2026 remain a promising investment option for conservative, retired, and long-term investors. Given the various SBI FD schemes, premium returns for senior citizens, SBI Tax-Saving FD, and tenure options such as the SBI 444 FD, there is a wide variety of SBI Fixed Deposit options for investors to choose from. Tenures should always be compared before investing, and the latest SBI FD interest rates for 2026 should be checked to maximise returns.