SBI FD Scheme : The State Bank of India (SBI), the country’s largest public sector bank, has once again drawn attention with its latest Fixed Deposit (FD) scheme. With attractive interest rates and enhanced benefits, this scheme is tailored to suit both conservative investors and senior citizens looking for guaranteed returns. Whether you’re planning for short-term needs or long-term savings, SBI’s FD scheme is emerging as a popular and secure investment choice in 2025.
What Makes SBI’s Latest FD Scheme Stand Out?
The revamped SBI FD scheme offers improved returns, flexible tenures, and additional benefits for senior citizens. At a time when market-linked instruments come with risks, this scheme offers peace of mind through guaranteed earnings.
Key highlights include:
- Interest rates up to 7.50% per annum
- Special higher interest for senior citizens
- Tenure options ranging from 7 days to 10 years
- Option for monthly, quarterly, or cumulative interest payout
- Premature withdrawal facility under certain conditions
- Loan facility against FD up to 90% of the deposit
- Auto-renewal and nomination features available
SBI FD Interest Rates 2025 – Complete Breakdown
Here’s a detailed comparison of interest rates across different tenures for both general and senior citizen investors:
| Tenure | Regular Interest Rate | Senior Citizen Rate | Minimum Deposit | Maximum Deposit | Premature Withdrawal | Loan Against FD | Payout Options |
|---|---|---|---|---|---|---|---|
| 7 days to 45 days | 3.00% | 3.50% | ₹1,000 | No limit | Allowed | Yes | Monthly, Quarterly |
| 46 days to 179 days | 4.50% | 5.00% | ₹1,000 | No limit | Allowed | Yes | Monthly, Quarterly |
| 180 days to 210 days | 5.25% | 5.75% | ₹1,000 | No limit | Allowed | Yes | Monthly, Quarterly |
| 211 days to less than 1 year | 5.75% | 6.25% | ₹1,000 | No limit | Allowed | Yes | Monthly, Quarterly |
| 1 year to less than 2 years | 6.80% | 7.30% | ₹1,000 | No limit | Allowed | Yes | Monthly, Quarterly |
| 2 years to less than 3 years | 7.00% | 7.50% | ₹1,000 | No limit | Allowed | Yes | Monthly, Quarterly |
| 3 years to 10 years | 6.50% | 7.00% | ₹1,000 | No limit | Allowed | Yes | Monthly, Quarterly |
SBI’s Special FD Scheme for Senior Citizens
SBI is offering a special FD scheme called “SBI WeCare” exclusively for senior citizens. This plan provides an additional 50 basis points over the regular FD rates for tenures of 5 years and above.
Key features:
- Additional interest for individuals aged 60 and above
- Secure option for retirement planning
- Option to receive interest periodically to meet monthly expenses
- No risk of capital loss
Comparison with Other Banks’ FD Rates
Here’s how SBI’s FD rates stack up against other leading Indian banks in 2025:
| Bank Name | 1-Year FD Rate | 2-Year FD Rate | 5-Year FD Rate | Senior Citizen Bonus |
|---|---|---|---|---|
| SBI | 6.80% | 7.00% | 6.50% | +0.50% |
| HDFC Bank | 6.60% | 6.80% | 6.30% | +0.50% |
| ICICI Bank | 6.70% | 6.90% | 6.40% | +0.50% |
| Axis Bank | 6.75% | 7.00% | 6.60% | +0.50% |
| Bank of Baroda | 6.65% | 6.90% | 6.45% | +0.50% |
| Canara Bank | 6.60% | 6.85% | 6.50% | +0.50% |
| Punjab National Bank | 6.50% | 6.75% | 6.40% | +0.50% |
How to Open an SBI Fixed Deposit Account?
Opening an FD account with SBI is simple and can be done both online and offline.
Offline:
- Visit your nearest SBI branch
- Fill out the FD application form
- Submit your KYC documents (PAN, Aadhar, etc.)
- Deposit the amount via cash, cheque, or transfer
Online (Via YONO or Net Banking):
- Log into SBI Net Banking or YONO app
- Go to the ‘Deposit’ section
- Select ‘Fixed Deposit’ option
- Choose tenure, amount, and interest payout option
- Confirm and submit
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Who Should Consider This FD Scheme?
This SBI FD scheme is ideal for:
- Retired individuals seeking fixed monthly income
- Middle-class families looking for secure investment
- Young professionals aiming to build safe savings
- Risk-averse investors looking for guaranteed returns
Benefits of Investing in SBI’s FD Scheme
- Zero risk of capital erosion
- Fixed and predictable returns
- Easy liquidity through premature withdrawal
- Suitable for all age groups
- Ideal for tax-saving under Section 80C (for 5-year FD)
- Trusted by millions of Indians
Taxation on SBI Fixed Deposits
- TDS is applicable if annual interest exceeds ₹40,000 (₹50,000 for senior citizens)
- Interest earned is fully taxable under ‘Income from Other Sources’
- For tax-saving FD (5 years), investment up to ₹1.5 lakh is deductible under Section 80C
SBI’s latest Fixed Deposit scheme is an excellent opportunity for investors seeking stability, security, and consistent returns. With higher interest rates, special benefits for senior citizens, and flexible investment options, this FD plan is a solid choice in 2025. Whether you’re planning for future expenses, a child’s education, or retirement, SBI FDs continue to offer one of the safest and most reliable options in the Indian banking sector.
Interest rates and features mentioned above are subject to change based on SBI’s policies and RBI directives. Always consult with your financial advisor or nearest SBI branch before investing.
What makes SBI's latest FD scheme a game-changer?
The new FD scheme from SBI offers attractive returns, favorable terms, and additional benefits that set it apart from traditional fixed deposits.
How does SBI's latest FD scheme differ from traditional fixed deposits?
SBI's latest FD scheme offers higher returns, flexible terms, and additional benefits compared to traditional fixed deposits, making it a game-changer for investors.
What are the specific benefits of SBI's latest FD scheme?
Higher returns, flexible terms, and additional perks for investors.
What are the potential returns of SBI's latest FD scheme?
Up-to-date information on returns, terms, and benefits is provided.
What are the key features that set SBI's latest FD scheme apart?
Higher returns, flexible terms, and additional benefits make it stand out.
How does SBI's latest FD scheme stand out in terms of flexibility?
It offers flexible tenure options and premature withdrawal facilities.
