SBI FD Scheme : The country’s most trusted government bank, the State Bank of India (SBI), has launched a new Fixed Deposit (FD) scheme that offers investors a safe investment option along with excellent returns. This time, the bank has revised its interest rates to provide customers with better returns than before. Under this new FD scheme, if a customer invests ₹2 lakh, they can get a guaranteed maturity return of up to ₹3,77,208. This scheme is especially designed for investors who prefer risk-free investments with stable and reliable profits.
What is SBI’s New FD Scheme?
SBI’s new FD scheme aims to provide investors with secure and fixed returns. The bank has made the interest rates attractive so that both regular customers and senior citizens can benefit more.
- Regular customers will get up to 7.10% annual interest,
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Senior citizens will receive an additional 0.50%, making it 7.60% per annum.
The minimum investment amount under this scheme is ₹1,000, while there is no upper limit on the maximum investment. Customers can open an FD for a period ranging from 1 year to 10 years, depending on their preference.
How Much Return Will You Get on ₹2 Lakh Investment?
If a customer invests ₹2 lakh in this new SBI FD scheme for 10 years, they will receive a total maturity amount of ₹3,77,208 at an interest rate of 7.10%.
For senior citizens, the benefit is even higher — with the extra interest rate, their maturity amount can reach up to ₹3,94,200.
This means that customers not only get guaranteed returns, but also complete security of their principal amount.
Why SBI’s FD Scheme Stands Out
Being India’s largest and most trusted bank, SBI remains the first choice for millions of investors. The biggest advantage of its FD schemes is the risk-free and stable income they offer.
Under this new scheme, customers enjoy:
- Fixed interest rate and bank-backed safety,
- Additional interest for senior citizens,
- Auto-renewal facility, and
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Loan facility against FD.
Moreover, if you opt for a Tax-Saver FD, you can also claim tax deductions up to ₹1.5 lakh under Section 80C of the Income Tax Act.
Open Your FD Online
SBI has made the FD opening process extremely easy through digital banking.
Now customers can open their FD online using the SBI YONO app or Net Banking:
- Log in to your account.
- Go to the “Fixed Deposit” section.
- Select the amount and tenure.
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Click “Confirm”.
In just a few minutes, your FD will be created, and interest calculation will begin automatically. Customers can also visit their nearest SBI branch to open an FD offline if they prefer.
A Great Opportunity for Investors
In today’s times, when the stock market is full of fluctuations and uncertainties, SBI’s new FD scheme emerges as a safe and stable investment option.
It not only ensures reliable returns but also offers higher interest rates compared to many other banks.
For those who want guaranteed income without taking risks, this FD scheme is an excellent choice.
Even small investors can start with a modest amount and earn good profits over the long term.
Disclaimer
This article is intended for informational purposes only. Interest rates and terms may change from time to time. Before investing, please verify the current interest rates and terms on SBI’s official website or by visiting your nearest SBI branch.
