SBI FD: What ₹1 Lakh Earns in 1–10 Years?

SBI's fixed deposit rates range from 3.5% to 7.1% depending on tenure. Here's exactly how much ₹1 lakh grows in 1, 3, 5, and 10 years — so you can decide if FD is really the right place for your savings.

Here's what happened: SBI's current FD interest rates range from 3.50% (7 days) up to 7.10% for select tenures, with quarterly compounding applied on most retail deposits.. A ₹1 lakh investment grows to approximately ₹1,07,020 in 1 year, ₹1,22,504 in 3 years, ₹1,37,942 in 5 years, and ₹2,05,751 in 10 years at current rates.. FD interest is fully taxable as per your income slab; at 30% tax, the effective 10-year return drops sharply, and TDS of 10% is deducted if annual interest crosses ₹40,000..

What you should do: Compare your current SBI FD rate against the latest schedule on SBI's website before renewing — rates may have changed since your last booking.. Submit Form 15G (under 60) or 15H (senior citizens) at your branch or via YONO app if your total income is below the taxable limit, to stop TDS deductions on FD interest.. If your investment horizon is 5 years or more, calculate post-tax FD returns against PPF (tax-free at 7.1%) or debt mutual funds before locking funds into a long-tenure FD..

Laddering works better than one big FD — split ₹1 lakh into three FDs of different tenures so you capture rate changes and avoid penalty for premature withdrawal.