.sbi-nri-fd-container {
font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Helvetica, Arial, sans-serif;
max-width: 800px;
margin: 20px auto;
padding: 25px;
border: 1px solid #e0e0e0;
border-radius: 12px;
background-color: #ffffff;
box-shadow: 0 4px 15px rgba(0,0,0,0.05);
}
.fd-header {
text-align: center;
margin-bottom: 25px;
}
.fd-header h2 {
color: #2c3e50;
margin-bottom: 10px;
}
.fd-input-grid {
display: grid;
grid-template-columns: 1fr 1fr;
gap: 20px;
margin-bottom: 25px;
}
.fd-input-group {
display: flex;
flex-direction: column;
}
.fd-input-group label {
font-weight: 600;
margin-bottom: 8px;
color: #34495e;
}
.fd-input-group input, .fd-input-group select {
padding: 12px;
border: 1px solid #bdc3c7;
border-radius: 6px;
font-size: 16px;
}
.fd-calculate-btn {
grid-column: span 2;
background-color: #003399;
color: white;
border: none;
padding: 15px;
font-size: 18px;
font-weight: bold;
border-radius: 6px;
cursor: pointer;
transition: background-color 0.3s;
}
.fd-calculate-btn:hover {
background-color: #002266;
}
.fd-results {
margin-top: 25px;
padding: 20px;
background-color: #f8f9fa;
border-radius: 8px;
display: none;
}
.result-row {
display: flex;
justify-content: space-between;
margin-bottom: 10px;
padding-bottom: 10px;
border-bottom: 1px solid #dee2e6;
}
.result-row:last-child {
border-bottom: none;
}
.result-label {
font-weight: 500;
color: #495057;
}
.result-value {
font-weight: 700;
color: #003399;
}
.fd-article {
margin-top: 40px;
line-height: 1.6;
color: #333;
}
.fd-article h3 {
color: #003399;
margin-top: 25px;
}
.fd-article ul {
margin-bottom: 15px;
}
@media (max-width: 600px) {
.fd-input-grid {
grid-template-columns: 1fr;
}
.fd-calculate-btn {
grid-column: span 1;
}
}
Total Principal:
Total Interest Earned:
Maturity Value:
Understanding SBI NRI Fixed Deposits
State Bank of India (SBI) offers specialized fixed deposit schemes for Non-Resident Indians (NRIs) to manage their foreign earnings and Indian income effectively. Using the SBI NRI FD rates calculator helps you estimate the returns on your investment based on current interest rates and compounding frequencies.
NRE vs. NRO vs. FCNR Deposits
- NRE (Non-Resident External): These accounts are ideal for parking foreign earnings in Indian Rupees. The principal and interest are fully repatriable, and the interest earned is tax-free in India.
- NRO (Non-Resident Ordinary): Designed for managing income earned in India (like rent or dividends). While the principal has repatriation limits, the interest is taxable in India at the applicable TDS rates.
- FCNR (Foreign Currency Non-Repatriable): These allow you to maintain funds in foreign currencies (like USD, GBP, or EUR), protecting you against exchange rate fluctuations.
How SBI FD Interest is Calculated
SBI typically calculates interest on NRI Fixed Deposits using a quarterly compounding formula. The formula used in this calculator is:
A = P [1 + (r/n)]^(nt)
Where:
- A: Maturity Value
- P: Principal Amount
- r: Annual Interest Rate (decimal)
- n: Number of times interest compounds per year (SBI uses 4 for quarterly)
- t: Tenure in years
Example Calculation
If you deposit ₹5,00,000 in an SBI NRE FD for 3 years (36 months) at an interest rate of 6.70% per annum:
- Principal: ₹5,00,000
- Rate: 6.70%
- Compounding: Quarterly (4 times a year)
- Interest Earned: Approx. ₹1,10,364
- Maturity Value: Approx. ₹6,10,364
Note: For tenures less than 6 months, SBI generally applies simple interest. For tenures above 6 months, quarterly compounding is standard.
function calculateSBINRIFD() {
var p = parseFloat(document.getElementById("principalAmount").value);
var r = parseFloat(document.getElementById("interestRate").value);
var m = parseInt(document.getElementById("tenureMonths").value);
var type = document.getElementById("depositType").value;
if (isNaN(p) || isNaN(r) || isNaN(m) || p <= 0 || r < 0 || m <= 0) {
alert("Please enter valid positive numbers for all fields.");
return;
}
var t = m / 12; // convert months to years
var n = 4; // SBI quarterly compounding
var maturityValue = 0;
if (m < 6) {
// Simple Interest for short duration (less than 6 months)
var simpleInterest = (p * (r / 100) * t);
maturityValue = p + simpleInterest;
} else {
// Compound Interest Formula: A = P(1 + r/n)^(nt)
var ratePerPeriod = (r / 100) / n;
var totalPeriods = n * t;
maturityValue = p * Math.pow((1 + ratePerPeriod), totalPeriods);
}
var totalInterest = maturityValue – p;
// Formatting currency display
var formatter = new Intl.NumberFormat('en-IN', {
maximumFractionDigits: 2,
minimumFractionDigits: 2
});
document.getElementById("resPrincipal").innerText = formatter.format(p);
document.getElementById("resInterest").innerText = formatter.format(totalInterest);
document.getElementById("resMaturity").innerText = formatter.format(maturityValue);
document.getElementById("fdResults").style.display = "block";
}