The largest and most reliable public sector bank in the country, known as State Bank of India (SBI), introduced a new fixed deposit (FD) scheme with more returns and full security. This new SBI FD scheme is an ideal investment for investors who desire having a secure and risk-free investment.
With this scheme, an investor who deposits 2 lakh dollars can get a maturity amount of 377,208, meaning that he or she can not only get a guaranteed growth but also the safety of the capital.
What Is SBI’s New FD Scheme?
The new SBI fixed deposit campaign is supposed to give the customers guaranteed returns at favorable interest rates. The scheme serves both the general customers and the senior citizens, as it provides them with a safe investment technology that comes with guaranteed returns.
- Interest Rate on Ordinary Customers: will be 7.10 per annum.
- Interest Rate on the Senior Citizens: up to 7.60 per annum (with an additional 0.50 benefit).
This implies that the elderly citizens are able to get much higher returns than other normal deposit lines.
Tenure and Deposit Details
- Minimum Investment: ₹1,000
- Maximum Investment: There is no maximum limit.
- Tenure Options: 1 year to 10 years
- Interest Payout: Monthly, quarterly, or at maturity—as requested by the customer.
Customers also have a chance to select the tenure according to their financial requirements, i.e., either short-term savings or long-term wealth generation.
SBI FD Return Calculation
And how your investment is growing under this scheme.
| Investment Amount | Tenure | Interest Rate | Maturity Value |
| ₹200,000 | 10 years | 7.10% (Regular) | ₹377,208 |
| ₹200,000 | 10 years | 7.60% (Senior Citizens) | ₹3,94,000 (approx.) |
Therefore, a 2 lakh investment will fetch almost 1.77 lakh in interest for a general investor and 1.94 lakh for senior citizens.
Why Choose SBI FD Scheme?
Government-insured Security: SBI is a PSU bank, meaning that your money is entirely safe.
Good Interest Rates: Better rates than a number of other banks’ FDs.
Flexible Tenure: Select any one of 1-10 years.
Loan Facility: Borrow without breaking your FD.
Auto-renewal Option: It is automatically renewed upon maturity.
How to Open an SBI FD Account?
You may easily open an SBI FD account by:
Branch SBI: Visit any local SBI branch carrying your KYC.
Through the internet through the SBI YONO app: Login to YONO or SBI NetBanking: Under Deposit > Open Fixed Deposit > Fill in the information and confirm.
It is paperless, and only a few minutes are involved in the whole procedure.
Key Highlights at a Glance
| Feature | Details |
| Bank Name | State Bank of India (SBI) |
| Scheme Type | Fixed Deposit (FD) |
| Interest Rate | Up to 7.10% (Regular), 7.60% (Senior Citizens) |
| Minimum Deposit | ₹1,000 |
| Maximum Deposit | No limit |
| Tenure | 1 to 10 years |
| Premature Withdrawal | Allowed (with nominal penalty) |
| Loan Against FD | Available |
Best Time to Invest in SBI FD
With interest rates near their peak and the stock market showing volatility, this is the ideal time to lock in FD returns. SBI’s new FD scheme not only ensures guaranteed income but also offers peace of mind with government-backed safety.
Final Thoughts
The new FD scheme of SBI is an ideal combination of safety, dependability, and increased returns. This SBI fixed deposit will assist a salaried worker, a retiree, or a first-time investor to reach his or her financial objectives with zero risk.
