Do you want to invest your savings in a safe and profitable way? Then this is a great opportunity for you. India’s largest bank State Bank of India (SBI) has announced new interest rates in its Fixed Deposit (FD) scheme. Under this new scheme, you can earn up to 9.79% in 444 days. This rate is for general citizens, whereas senior citizens can get even more benefits.
This new FD scheme of SBI is an attractive option for investors. In this you will not only get high interest rate, but your money will also be safe. Let us know in detail about the new FD scheme of SBI in this article and understand how beneficial it can be for you.
What is SBI Fixed Deposit Scheme 2025?
SBI Fixed Deposit Scheme 2025 is a new deposit scheme introduced by State Bank of India. Under this scheme, investors can deposit their money for a fixed period and get attractive interest rates on it. This scheme is especially beneficial for those who want to keep their savings safe and also get good returns.
Key Features of SBI FD Scheme 2025
| Description | Acquaintance |
| name of scheme | SBI Fixed Deposit Scheme 2025 |
| Duration | 444 days |
| Interest rates for ordinary citizens | 9.79%. |
| Interest rates for senior citizens | 10.29% pa |
| minimum deposit amount | ₹ 1,000 |
| maximum deposit amount | no limit |
| premature withdrawal | Available (with penalty) |
| Facility to open FD online | Yes |
SBI FD Interest Rates 2025: Detailed information
SBI has set different interest rates for different tenures in its new FD scheme. Let us understand these in detail:
SBI FD Interest Rates 2025 for general citizens
- 7 days to 45 days: 3.50% pa
- 46 days to 179 days: 5.50% pa
- 180 days to 210 days: 6.25% pa
- 211 days to less than 1 year: 6.50% pa
- 1 year to less than 2 years: 6.80% pa
- 2 years to less than 3 years: 7.00% pa
- 3 years to less than 5 years: 6.75% pa
- 5 years and above: 6.50% pa
- 444 days (Amrit Vrishti): 9.79% pa
SBI FD Interest Rates 2025 for Senior Citizens
Senior citizens get 0.50% more interest than normal rates. Apart from this, in 444 day Amrit Vrishti scheme they will get interest of 10.29% pa.
SBI FD Calculator: Calculate your earnings
SBI FD Calculator is a useful tool that helps you estimate how much your investment will grow. See an example here:
Suppose you invest ₹1,00,000 in Amrit Vrishti scheme for 444 days:
- General Citizen: You will get ₹1,11,891 on maturity
- Senior citizens: You will get ₹1,12,527 on maturity
Benefits of SBI FD
- High Interest Rates: Interest rates up to 9.79% will help you grow your money faster.
- Safe Investment: SBI is a government bank, so your money is completely safe.
- Flexible Tenure: Choose from 7 days to 10 years.
- Easy process: You can easily open FD online or by visiting the bank branch.
- Loan Facility: You can take loan against your FD.
SBI FD opening process
- Online:
- Visit SBI website or mobile app
- Select ‘Fixed Deposit’ option
- Fill in your details and select the amount
- Upload KYC Documents
- Make payment and open your FD
- Offline:
- Visit the nearest SBI branch
- Fill the form to open FD
- Submit required documents
- Deposit money and get FD receipt
Important rules related to SBI FD
- Premature Withdrawal: Premature withdrawal of FD will attract penalty.
- TDS: TDS will be deducted on annual interest above ₹40,000 (₹50,000 for senior citizens).
- Nomination: You can give the name of the nominee while opening the FD.
- Renewal: You can auto-renew the FD on maturity.
SBI FD vs other investment options
| investment options | Return | hazard | liquidity |
| SBI FD | up to 9.79% | Less | medium |
| commission | 7.1% | Very little | Less |
| mutual fund | 10-12% (estimated) | medium to high | High |
| stock market | 15-20% (estimated) | High | High |
Tax rules for SBI FD
- The interest received on FD is added to your income and is taxable.
- Deduction of up to ₹ 1.5 lakh is available under Section 80C on 5 year Tax Saving FD.
- Senior citizens can avoid TDS by submitting Form 15H.
SBI FD: For whom is it most suitable?
- Conservative investors: Those who want fixed returns with low risk.
- Senior citizens: Those who need regular income.
- Short-term goals: Those who need money in 1-3 years.
- Emergency Fund: Secure savings for sudden expenses.
- New Investors: Those who are new to the world of investing and want a safe start.
Some important questions related to SBI FD
- Is it safe to invest in SBI FD?
Yes, SBI is a government bank and is guaranteed up to ₹5 lakh by DICGC. - Can FD be broken prematurely?
Yes, but there will be a penalty on this. - Can one get loan against FD?
Yes, you can take a loan up to 90% of your FD. - Can FD interest rates change?
No, once an FD is opened, the interest rate on it remains fixed. - Can NRIs open SBI FD?
Yes, NRIs can also open FD in SBI.
Disclaimer
This article is for informational purposes only. Always consult a qualified financial advisor before investing. Interest rates may change from time to time, so before investing, confirm the latest rates from SBI’s official website or nearest branch. Remember, every investment carries some risk, so invest as per your financial goals and risk tolerance.
