SBI 191-Day Fixed Deposit (FD) 2026 is gaining attention among investors looking for safe, short-term returns with competitive interest rates. Offered by State Bank of India (SBI), this short-tenure FD scheme provides attractive annual interest rates of up to 7.10% per annum, while senior citizens can earn up to 7.60% per annum, depending on applicable terms and conditions.
For individuals seeking a low-risk investment option with predictable returns, the 191-day FD is designed to balance flexibility, safety, and better short-duration gains.
Why the SBI 191-Day FD Is Trending in 2026
Short-term fixed deposits are ideal for investors who do not want to lock their funds for years but still wish to earn higher returns than a regular savings account. The 191-day tenure fits perfectly for those planning short financial goals, emergency fund parking, or temporary surplus investment.
With SBI’s strong credibility and nationwide presence, the scheme offers security along with convenience.
Key Highlights of SBI 191-Day FD 2026
• Tenure: 191 days
• Interest Rate (General Public): Up to 7.10% p.a.
• Interest Rate (Senior Citizens): Up to 7.60% p.a.
• Minimum Deposit: As per SBI FD norms
• Safe and government-backed banking institution
• Option to apply online via net banking or YONO app
Interest is calculated for the fixed tenure and paid as per the chosen payout option.
Interest Rate Benefits Explained
The interest rate structure is one of the biggest attractions of this scheme. Senior citizens receive an additional benefit over regular customers, helping retirees maximize earnings on short-term savings.
Short-term FDs like the 191-day plan often become attractive when market rates are stable or rising, as they allow reinvestment flexibility after maturity.
Who Should Consider This FD?
The SBI 191-day FD may be suitable for:
• Individuals parking surplus funds temporarily
• Senior citizens seeking higher short-term returns
• Conservative investors avoiding market volatility
• Investors planning near-term expenses within 6–7 months
Since the tenure is less than one year, it provides liquidity sooner than long-term deposit schemes.
How to Apply Online
Applying for the SBI 191-Day FD is simple and convenient. Existing SBI customers can log in through:
• SBI Internet Banking portal
• SBI YONO Mobile App
Steps typically include selecting the fixed deposit option, choosing tenure (191 days), entering deposit amount, and confirming the transaction.
New customers may need to open a savings account first before booking an FD.
SBI 191-Day FD 2026 – Overview Table
| Category | Details |
|---|---|
| Bank Name | State Bank of India (SBI) |
| FD Tenure | 191 Days |
| Interest Rate (General) | Up to 7.10% per annum |
| Interest Rate (Senior Citizen) | Up to 7.60% per annum |
| Deposit Type | Short-Term Fixed Deposit |
| Risk Level | Very Low |
| Application Mode | Online & Branch |
| Premature Withdrawal | As per SBI FD rules |
| Suitable For | Short-Term Safe Investment |
Interest rates are subject to change as per bank policies.
Tax and Withdrawal Rules
Interest earned on fixed deposits is taxable as per the investor’s income slab. If the interest exceeds the prescribed limit, TDS (Tax Deducted at Source) may apply.
Premature withdrawal is usually allowed but may attract a penalty or reduced interest rate. Investors should review terms carefully before booking the deposit.
1. What is the current interest rate for the SBI 191-Day FD in 2026?
The scheme offers up to 7.10% per annum for general customers and up to 7.60% per annum for senior citizens, subject to applicable terms.
2. Is the SBI 191-Day FD safe?
Yes, it is offered by State Bank of India, one of India’s largest and most trusted public sector banks.
3. Can I apply for this FD online?
Yes, existing customers can book the FD through SBI net banking or the YONO mobile application.
4. Is premature withdrawal allowed?
Yes, but it may involve a penalty or lower interest rate as per SBI’s FD policy.
Final Thoughts
The SBI 191-Day Fixed Deposit 2026 stands out as an attractive short-term investment option for individuals looking for secure returns within a limited period. With competitive interest rates, extra benefits for senior citizens, and easy online application, the scheme offers a smart way to grow idle funds safely.
