State Bank of India offers many types of fixed deposits to help people save money safely. One of the popular options in 2026 is the 191-Day Fixed Deposit. This is a short-term FD that lasts just over six months. It is useful for people who want to earn good interest without keeping their money locked for too long.
The 191-Day FD is a good choice for people who have extra money for a short time. It gives higher interest than a regular savings account. Many people, like salaried employees or small business owners, use this FD to earn safe and fixed returns. It helps people plan their money because they know exactly how much they will get at the end of six months and eleven days.
SBI 191-Day FD 2026
SBI changes FD rates based on the economy. When the Reserve Bank of India changes interest rates, SBI also updates its FD rates. In 2026, the 191-Day FD gives good interest for short-term investors. It gives more money in a short time compared to long-term FDs that keep your money locked for years.
People like short-term FDs like the 191-Day FD because it is safe and flexible. You can earn fixed interest and still keep your money ready for other needs. In 2026, this FD is popular for people who want safety, good returns, and a short lock-in period. It is easy to open and simple to understand, so beginners and first-time investors can use it too.
SBI New FD Scheme 2026 Overview
| Bank Name | State Bank of India (SBI) |
| FD Name | 191-Day Fixed Deposit |
| Tenure / Duration | 191 days |
| Minimum Investment | ₹1,000 |
| Interest Rate (2026) | 6.90% – 7.10% |
| Interest Payment | Monthly, quarterly, or at maturity |
| Target Investors | Short-term savers, beginners, salaried people |
| Special Features | short period, easy to open |
| Category | Latest News |
| Official Website | https://sbi.co.in/ |
Minimum and Maximum Investment Amount
The minimum investment in SBI 191-Day FD is usually very small. Even with just ₹1,000, anyone can open this fixed deposit. This makes it easy for beginners, students, or people who have only a little extra money to start saving. You do not need a big amount to earn interest on this short-term deposit.
The maximum investment in SBI 191-Day FD depends on SBI’s rules and the type of account you have. There is no strict limit for normal investors, but very large amounts may need special permission from the bank. This FD is flexible, so people can invest a small or large amount according to their savings and financial plans.
Extra Benefits for Senior Citizens
Senior citizens get extra benefits when they open an SBI Fixed Deposit. They usually get a little higher interest rate than regular customers, which means they earn more money on the same deposit. For example, if a normal FD gives 6.15% interest, a senior citizen may get around 6.65%. These extra benefits help older people save safely and earn more from their money without any risk.
Interest Calculation for SBI 191-Day FD
| Item | Regular Customer | Senior Citizen |
|---|---|---|
| FD Duration | 191 days | 191 days |
| Interest Rate | 5.65% per year | 6.15% per year |
| Investment Example | ₹1,00,000 | ₹1,00,000 |
| Interest Earned | ₹2,957 | ₹3,207 |
| Total Money at End | ₹1,02,957 | ₹1,03,207 |
Premature Withdrawal Rules for SBI 191-Day FD
- You can take out your money from SBI 191-Day FD before 191 days. But if you do this, the bank will give you less interest than the normal rate.
- If your deposit is small, like ₹1 lakh or less, SBI usually allows early withdrawal. You will get your money back, but the interest will be slightly lower than the regular interest.
- For big deposits, SBI may ask you to give a notice of a few days before taking out the money.
- Some FDs, like tax-saving FDs, have a lock-in period of 5 years. You cannot withdraw money early from these FDs.
How to Open SBI 191-Day FD
- You can open the FD by visiting the nearest SBI branch or by using SBI net banking or the YONO app.
- Enter your simple personal details in the FD form at the bank or through online banking.
- Next, give your basic documents like Aadhaar and PAN, Senior citizens may also need to show age proof to get extra interest benefits.
- Now, deposit the amount you want to invest, The minimum amount is ₹1,000.
- After this, SBI will open your FD and give you a receipt or confirmation message. Keep it safe and check your FD details anytime.
FAQs
Who can open an SBI 191-Day FD?
Any Indian citizen with an SBI bank account can open this FD. Senior citizens can also open it and get extra interest.
What is the minimum amount needed to open this FD?
The minimum amount required to open SBI 191-Day FD is ₹1,000.
Can I withdraw money before 191 days?
Yes, you can withdraw early, but SBI will give lower interest than the normal rate.