What Is Fixed Deposit In Sbi Jun 2026

It is important to remember that the interest earned on SBI Fixed Deposits is taxable:

Note: Interest rates are subject to change. Please check the official SBI website for the latest rates. Senior citizens get an extra 0.50% interest. what is fixed deposit in sbi

A Fixed Deposit (FD) in the State Bank of India (SBI) is a financial instrument provided by the bank that offers investors a higher rate of interest than a regular savings account, until the given maturity date. It is considered one of the safest investment avenues in India because SBI is a government-associated public sector bank (PSU). It is important to remember that the interest