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Latest SBI FD Rates: Check Maturity Amount and Interest on 1 Lakh Rupees
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CNBC Awaaz•05-10-2026, 17:35
Latest SBI FD Rates: Check Maturity Amount and Interest on 1 Lakh Rupees
- •State Bank of India offers varying interest rates on fixed deposits for tenures ranging from 1 year to 10 years for general customers.
- •An investment of 1 lakh rupees in a 1-year FD yields 1,06,398 rupees, while a 10-year FD matures to approximately 1,82,298 rupees.
- •Senior citizens receive an additional 0.50% interest over general rates, boosting their 5-year FD maturity amount to about 1.42 lakh rupees.
- •Maturity amounts from fixed deposits are taxable as per applicable income tax rules based on individual income and tax regime.
- •Senior citizens can avoid TDS deduction by submitting Form 15H if their total income is below the taxable limit.
Key Questions Answered
For general customers, investing ₹1 lakh in an SBI FD yields maturity amounts of ₹1,06,398 at 6.25% for 1 year, ₹1,20,626 at 6.30% for 3 years, ₹1,35,018 at 6.05% for 5 years, and ₹1,82,298 at 6.05% for 10 years.
SBI provides senior citizens with an additional 0.50% interest, which translates to 50 basis points higher than general FD rates.
FD maturity profits are taxable according to applicable income tax rules. TDS is deducted if a senior citizen's interest earning exceeds ₹1 lakh, though it can be adjusted during ITR filing or avoided using Form 15H (Form 121 under the Income Tax Act, 2025) if income is below the taxable limit.
