SBI 365 Day FD 2026 – SBI has introduced its 365 Day Fixed Deposit (FD) scheme for 2026, offering a guaranteed return of 6.90% per annum. This short-term FD is ideal for investors seeking low-risk investments with a fixed income over one year. The scheme is suitable for salaried individuals, retirees, and conservative investors looking to secure their savings while earning a reliable return.
Eligibility for SBI 365-Day FD
The scheme is open to resident Indians, NRIs under specified conditions, and senior citizens who receive an additional interest rate benefit. Accounts can be opened individually or jointly. Investors must provide identity proof, address proof, and PAN details while opening the FD. The scheme is accessible to a wide range of individuals seeking safe investment options.
Interest Rate and Tenure
The SBI 365-Day FD offers a guaranteed interest rate of 6.90% for one-year tenure. Senior citizens receive an extra 0.25% interest, raising their effective return. Interest can be paid monthly, quarterly, or at maturity, depending on the investor’s preference. Compounded interest allows investors to maximize returns while maintaining liquidity at the end of the tenure.
SBI 365-Day FD Scheme Overview
| Feature | Details |
|---|---|
| Interest Rate | 6.90% per annum (guaranteed) |
| Senior Citizen Rate | 7.15% per annum |
| Tenure | 365 Days (1 Year) |
| Eligible Investors | Resident Indians, NRIs, Senior Citizens |
| Interest Payout | Monthly, Quarterly, or at Maturity |
| Risk | Low – Bank Guaranteed |
This table summarizes the key features of the SBI 365-Day FD scheme for 2026.
Benefits of Investing in SBI 365-Day FD
The short-term FD provides guaranteed returns, capital safety, and flexible interest payout options. Senior citizens enjoy additional interest, and investors can plan cash flows according to their needs. The scheme is backed by SBI, offering high reliability and security for both individual and joint accounts.
How to Open SBI 365-Day FD
Investors can open the FD online via SBI net banking or mobile banking, or offline at any SBI branch. Required documents include identity proof, address proof, and PAN card. The process is simple, and investors receive a fixed deposit receipt as proof of investment. Regular monitoring ensures timely renewal or reinvestment after maturity.
Conclusion
The SBI 365-Day FD scheme for 2026 offers a safe and predictable investment option with a guaranteed 6.90% return. With flexible payout options and government-backed security, it is ideal for conservative investors and senior citizens. Planning investments carefully can help maximize benefits from this short-term FD.
Disclaimer: This article is for informational purposes only. Interest rates, eligibility, and terms of SBI FDs are subject to change based on official bank notifications. Investors should verify details before investing.