In today’s time Fixed Deposit (FD) The safest and popular method of investment is considered. Especially in Indian families, whenever it comes to saving money for the future, people often like to get FD done in the name of their wife or female member of the house. The main reason for this is that By investing in the name of women Financial security remains in the family and some tax related benefits can also be available.
FDing FD in State Bank of India (SBI) is the first choice of people, as it is the largest and reliable government bank in the country. SBI keeps changing its FD interest rates from time to time, giving investors good and fixed returns. Recently, the discussion on social media and internet is in full swing that if you in your wife’s name in SBI FD of ₹ 2,22,222 If you get it done for two years, then how much money will you get on maturity and how much interest? Come, let’s understand this whole subject in detail in easy language.
SBI FD scheme with wife’s name: Benefits
FD of Rs 2,22,222 in SBI in SBI means that you deposit a fixed amount in the bank for two years and the bank gives you a fixed interest. After two years, you get interest on your deposit as well as it. In 2025, SBI has made some changes in its FD interest rates, which directly affect your returns.
SBI FD (2025)
| Feature | Description |
|---|---|
| Bank | State Bank of India (SBI) |
| FD amount | ₹ 2,22,222 |
| Duration | 2 years |
| Interest rate (general) | 6.90% annual (as per April 2025) |
| Interest rate (senior citizen) | 7.40% annual |
| Type of interest | Compounded (quarterly/half) |
| Maturity amount | About ₹ 2,32,000 (Estimated for General Citizen) |
| interest amount | Around ₹ 9,800 (in 2 years, estimated) |
| tax deducted | TDS applied to interest (if more than limit) |
| Way to open fd | Online/branch |
SBI FD interest rates 2025 – Learn how much benefit you will benefit
In 2025, SBI has made minor changes in its FD interest rates. General citizens less than 2 years but on FD of up to 3 years 6.90% And senior citizens 7.40% Interest is being received. These rates are applicable since 15 April 2025.
- General Citizen: 6.90% per year
- Senior Citizen: 7.40% per year
Important: Both men and women get the same interest rate on FD. Senior citizens (60 years or more) get an additional 0.50% interest.
SBI FD – Calculation by WIFE
Now know that if you in your wife’s name ₹ 2,22,222 If you get FD done for two years, then how much amount will you get on maturity.
Calculation (for general citizen)
- FD amount: ₹ 2,22,222
- Duration: 2 years
- Interest Rate: 6.90% per year (compounded)
Interest calculation (with compounding):
A = p × (1+r100) na = p \ Times \ Left (1+ \ Frac {R} {100} \ Right)^Na = P × (1+100r) N
Where,
- AAA = maturity amount
- Ppp = principal (₹ 2,22,222)
- RRR = annual interest rate (6.90%)
- nnn = year (2)
A = 2,22,222 x (1+0.069) 2A = 2,2222 \ Bar (1+0.069)^2A = 2a = 2,222 x (1+0.069) 2A = 2,22222 x (1.069) 2A = 2a =222222222) 2a = 2,22,222222222222222222222222222222222222222222222222222222222 2,22,222 \ times 1.143a = 2,22,222 x 1.143a, \ 2,53,997a \ approx ₹ 2,53,997aa ₹ 2,53,997 ₹ 2,53,997
- Total interest: ₹ 2,53,997 – ₹ 2,22,222 = ₹ 31,775
Note: This is based on calculation compounding, the actual interest amount will depend on the bank’s compounding frequency (quarterly/half), but the difference will be modest.
For senior citizen
- Interest Rate: 7.40% per year
A = 2,22,222 x (1.074) 2A = 2,22,222 \ _ Times (1.074)^2A = 2,22,222 x (1.074) 2a = 2,22,222 x 1.153a = 2,22,22222 / 2,222221222222221222122122122122222222222222222222222222222222222222222222222222222222222222222222
- Total interest: ₹ 2,56,203 – ₹ 2,22,222 = ₹ 33,981
Tax and other rules
- TDS: If the annual interest on your wife’s FD is more than ₹ 40,000 (₹ 50,000 for senior citizens), then the bank deducts TDS.
- Enrollment: It is necessary to add nominee to FD account.
- Premature withdrawal: If needed, FD can be broken prematurely, but penalty may be cut.
- Online facility: It is easy to open FD from SBI Yono or Net Banking.
Why should FD in wife’s name?
- Safe investment: Money is completely safe in a government bank.
- Fixed returns: Market fluctuations do not affect.
- Tax Planning: The wife’s separate income helps in tax savings.
- Financial security in the name of a woman of the house: To empower women financially.
Important things and precautions
- Interest rates vary from time to time. Before opening FD, check the interest rates from SBI’s website or branch.
- The interest on FD is taxable. If your wife’s total income tax falls into the slab, then interest will have to be paid on interest.
- KYC is necessary to open the FD account. Keep documents like Aadhaar, PAN, Photo etc.
- Be sure to make FD nominee. Security for any situation in future.
Required documents
- Wife’s Aadhaar Card
- PAN card
- Passport Size Photo
- Address proof (if different)
- Bank passbook/checkbook
Who can open FD – in the name of WIFE?
- Any Indian citizen (above 18 years)
- Husband can open FD in his wife’s name
- FD can also be opened under single or joint
SBI FD Calculator – Do Calculation yourself
On SBI’s website or mobile app FD calculator The facility of it is available. You can find out yourself by putting your amount, duration and interest rate, how many rupees will be received on maturity.
SBI FD – Other important things
- Auto-Renual: FD can be renewed automatically on maturity, if you want.
- Loan facility: FD provides a loan or overdraft facility.
- Premature closure: FDs can close before time when needed, but the interest rate may be slightly cut.
- Minimum amount: The minimum amount for opening FD in SBI is ₹ 1,000.
SBI FD in the name of WIFE – Table
| point | Description |
|---|---|
| FD amount | ₹ 2,22,222 |
| Duration | 2 years |
| Interest rate (general) | 6.90% |
| Interest rate (senior citizen) | 7.40% |
| Maturity amount | ₹ 2,53,997 (General) |
| interest amount | ₹ 31,775 (General) |
| tax deducted | TDS applied (₹ 40,000+ interest) |
| Way to open fd | Online/branch |
Frequently asked questions (FAQs)
1. Do you get different interest on getting FD in the name of wife?
No, both male and female get the same interest rate in SBI. Only senior citizens get additional interest.
2. Does FD get tax exemption?
Only tax-saving FD (5 years) gets tax exemption under Section 80C. Interest on other FD is taxable.
3. Can FD be broken prematurely?
Yes, but it may be penalty and the interest rate may be reduced.
4. Can you get a loan instead of FD?
Yes, SBI provides a loan or overdraft facility up to 90% of FD.
5. Can FD open online?
Yes, SBI can open FD sitting at home with Yono or net banking.
6. Will husband have to pay tax on wife’s FD?
If the wife’s income is a club in her husband’s income (clubbing provision), then the husband may have to pay the tax.
7. When does FD get interest?
Interest is found on quarterly, half -year -old or maturity – choose the option.
SBI FD in the name of WIFE – Benefits and Damage
Advantage
- Safe and guaranteed returns
- Help in tax planning
- Financial security in the name of a woman of the family
- Easy online process
Loss
- Interest rates are fixed, there is no benefit when the market increases
- Tax on interest has to be paid
- Penalty on premature breaking
SBI FD – Step by Step Process by WIFE
- Go to the bank branch or online portal.
- Fill the FD form in the name of the wife.
- Submit the necessary documents (KYC).
- Transfer FD amount.
- Get FD receipt and add nominee.
SBI FD in the name of WIFE – Calculation Table (2 years, 6.90% interest)
| Amount deposited | Duration | Interest rate | Maturity amount | Total interest |
|---|---|---|---|---|
| ₹ 2,22,222 | 2 years | 6.90% | ₹ 2,53,997 | ₹ 31,775 |
| ₹ 2,00,000 | 2 years | 6.90% | ₹ 2,28,800 | ₹ 28,800 |
| ₹ 2,50,000 | 2 years | 6.90% | ₹ 2,85,131 | ₹ 35,131 |
Note: This is an estimated calculation. The actual interest amount can change according to compounding frequency and tax deduction.
SBI FD in the name of WIFE – Who should be done?
- Those who want to financially empower the female member of the family
- Want to show different income for tax planning
- Want safe and guaranteed returns
Disclaimer: This article is written only for the purpose of information. SBI can get about ₹ 2,53,997 (for ordinary citizens) after 2 years of FD of ₹ 2,22,222 in SBI, which includes an interest of about ₹ 31,775. Interest rates can change from time to time, so confirm the bank before opening FD. The interest on FD is taxable and can cut TDS.
