Nowadays, many types of schemes and claims are going viral on social media and internet. Recently a claim has been revealed that State Bank of India (SBI) If they have their customers 3 lakh rupees fixed deposit (FD) If you deposit, then on maturity ₹ 6,30,704 cash Is giving the amount. This news is attracting many people, especially those who want safe and guaranteed returns.
But is this claim true? In this article, we will understand SBI’s fixed deposit scheme, its interest rates, returns on FD, and the truth of this viral claim in detail. Fix Deposit (FD) is one of the most popular and safe investment options among Indian investors.
In this, investors deposit a certain amount in the bank for a certain period and get interest on the interest rate fixed by the bank. SBI is the largest government bank in the country and people have the highest trust in FD schemes. But what More than 6 lakh amount for depositing 3 lakh Can you get? Let us know the reality of SBI’s FD scheme, interest rates and viral claims in easy language.
What is SBI Fixed Deposit?
SBI Fixed Deposit (FD) is a scheme in which you deposit your amount in the bank for a certain time and the bank gives you returns as per the interest rate. The duration of FD can range from 7 days to 10 years. Interest rates vary from time to time and may vary from the duration of your FD, deposit amount and your age (normal or senior citizen).
The main advantages of SBI FD:
- Safe investment: deposited in a government bank, low risk.
- Guaranteed Return: Fixed returns at fixed interest rate.
- Flexible period: 7 days to 10 years.
- Interest Payment Options: Monthly, quarterly, half -yearly, annual.
- Premature withdrawal feature (with penalty).
- Loan facility against FD.
SBI FD:
| Description | Acquaintance |
|---|---|
| Minimum investment amount | ₹ 1,000 |
| Maximum investment amount | No limit |
| Duration | 7 days to 10 years |
| Interest rate (general) | 3.50% to 7.10% (in 2025) |
| Interest rate (senior citizen) | 4.00% to 7.60% |
| Interest payment option | Monthly, quarterly, half -yearly, annual |
| Premature clearance | Available (with penalty) |
| Loan facility | Loan available against FD |
| tax benefit | Benefits under Section 80C in Tax Saver FD |
| TDS cut | 40,000/50,000 annually. Apply on interest above |
SBI FD Interest Rates 2025
SBI changes its FD interest rates every year. In 2025, SBI has cut some of its FD interest rates. Interest rates are different for ordinary citizens and senior citizens.
SBI FD Interest Rates (2025):
| Duration | General citizen | Senior citizen |
|---|---|---|
| 7 days to 45 days | 3.50% | 4.00% |
| 46 days to 179 days | 5.50% | 6.00% |
| 180 days to 210 days | 6.25% | 6.75% |
| 211 days to 1 year | 6.50% | 7.00% |
| 1 year to 2 years | 6.70% | 7.20% |
| 2 years to 3 years | 6.90% | 7.40% |
| 3 years to 5 years | 6.50% | 7.00% |
| 5 years to 10 years | 6.25% | 6.75% |
Note: Senior citizens get an additional interest of 0.50% on FD.
Special FD Schemes of SBI
SBI also brings some special FD schemes from time to time, such as ‘Amrit Kalash’, ‘Amrit Vrishti’, ‘SBI Vikare’ etc. These schemes get a slightly higher interest rate for a certain period. For example, in the ‘Amrit Kalash’ scheme, ordinary citizens get 7.10% interest on 400 days FD and senior citizens get 7.60% interest.
How much will be available in SBI FD on depositing 3 lakhs?
Now come on the most important question – If you make a FD of Rs 3 lakh in SBI, then how much amount will you get on maturity? For this, we have to look at the Calculation of interest rate, duration and interest.
Suppose, you make a FD of Rs 3 lakh for 3 years. According to the interest rates of 2025, the general citizen will get 6.90% interest on 2-3 years FD and 7.40% to the senior citizen.
FD maturity calculation (simple example):
- FD zodiac: ₹ 3,00,000
- Duration: 3 years (36 months)
- Interest Rate: 6.90% (General Citizen)
Compound Interest Formula:A = p (1+rn) nta = p \ left (1+ \ frac {r} {n} \ right)^{nt} a = p (1+nr) nt
Where,
- AAA = maturity amount
- PPP = Principal (₹ 3,00,000)
- RRR = annual interest rate (6.90% = 0.069)
- NNN = Number of compounding (usually 4 times) a year
- TTT = period (3 years)
Simple Calculation (Annual Compounding):A = 3,00,000 × (1 + 0.069) 3. ₹ 3,66,300a = 3,00,000 × (1+0.069) 3,3,00,000 × 1.2211. 3 3,66,300
That is, after 3 years, you will get interest of about ₹ 66,300 and a total of ₹ 3,66,300.
For senior citizens:A = 3,00,000 × (1 + 0.074) 3. ₹ 3,71,400A = 3,00,000 × (1+0.074) 3,3,00,000 × 1.238. 3 3,71,400
That is, the senior citizen will get interest of about ₹ 71,400 after 3 years and a total of ₹ 3,71,400.
Can you get Rs 6,30,704 on depositing 3 lakhs?
Now the question arises whether you can get Rs 6,30,704 for depositing 3 lakh in SBI? The answer is – NoIt is not possible to find such a huge amount in any FD scheme of SBI, until the FD is very long (20-25 years) or the interest rate is not more than 20%, which is not possible in any bank.
reality:
- In 3 lakh FD in SBI, only Rs 70,000-80,000 can get interest in 3-5 years.
- A maturity amount of Rs 6,30,704 is possible only when the interest rate is too long or the duration is not available in SBI.
- This claim is completely misleading and wrong.
Other important questions related to SBI FD
1. Is investment in SBI FD safe?
Yes, SBI is a government bank and its FD is completely safe.
2. Is FD tax on FD?
Yes, the interest received from FD is taxed. 10% TDS is deducted at more than Rs 40,000 (Rs 50,000 for senior citizens) annually.
3. What is necessary to open FD?
You can open FD from any branch of SBI or from Yono App/Internet banking. The minimum amount is ₹ 1,000.
4. Can you get a loan on FD?
Yes, you can take a loan from the bank instead of your FD.
5. What is the benefit of senior citizens?
Senior citizens get 0.50% more interest on FD.
Advantages and disadvantages of SBI FD
Benefits:
- Safe and guaranteed returns
- Flexible period
- Loan against fd
- Tax saver FD tax exemption
Loss:
- Interest rates may be lower than the market
- Penalty on premature withdrawal
- Tax on interest
conclusion
SBI FD is a safe and reliable investment option, in which you get guaranteed returns at a fixed interest rate. But it is not possible to get Rs 6,30,704 on FD of Rs 3 lakh. According to the current interest rates of SBI, you can get around Rs 3,66,000 (general citizen) and Rs 3,71,000 (senior citizens) in 3 years. Therefore, the news going viral that SBI is paying Rs 6,30,704 for depositing 3 lakhs, Perfectly wrong and misleading Is.
Disclaimer: This article is only for information. SBI claims to give Rs 6,30,704 on 3 lakh FD bogus Is. Get correct information from the bank’s official website and FD calculator. Before investing on any viral claims or schemes, please confirm from the bank’s website or branch.
