It is important to remember that the interest earned on SBI Fixed Deposits is taxable:

One of the most useful features of an SBI FD is that you do not need to break your deposit if you need urgent cash.

You can take a loan or overdraft against your FD (up to 90% of the value) without breaking it.

If you need to close the FD before the maturity date:

: Premature withdrawal is generally allowed, though it may attract a penalty of 0.50% to 1%.

Disclaimer: Interest rates mentioned are indicative and subject to change. Please visit the official State Bank of India website or your nearest branch for the most current information.