When it comes to safe and high-return investments, State Bank of India (SBI) Fixed Deposits (FDs) stand out as a trusted option for millions of investors. SBI recently announced an attractive interest rate, which could help an investor earn ₹21,02,350 on a ₹10 lakh FD over a certain period. But the real question remains—how long will it take for your money to double?
In this detailed guide, we break down SBI FD interest rates, the time required for doubling your investment, and the best strategies to maximize your returns. Whether you’re a seasoned investor or just starting, this article provides all the insights you need.
SBI Fixed Deposit: Earn Rs 21,02,350 on Rs 10 Lakh
| Feature | Details |
|---|---|
| Investment Amount | ₹10,00,000 |
| Total Returns | ₹21,02,350 |
| Time to Double Investment | ~ 10.3 years (at 7% interest) |
| Rule of 72 Formula | 72 / Interest Rate = Years to Double |
| Latest SBI FD Schemes | Amrit Vrishti (7.25% for 444 days), Amrit Kalash (7.10% for 400 days) |
SBI Fixed Deposits offer stable returns, safety, and flexibility, making them an ideal investment choice. With the Rule of 72, we estimate that ₹10 lakh will double in about 10.3 years at a 7% interest rate. Investors can maximize earnings by choosing high-interest schemes like Amrit Vrishti and Amrit Kalash FDs.
Understanding SBI Fixed Deposits
SBI offers various Fixed Deposit (FD) schemes that allow individuals to earn interest on their savings over a fixed tenure. The interest rate, tenure, and compounding frequency determine the total return an investor will earn at the end of the FD term.
Types of SBI Fixed Deposits
- Regular Fixed Deposit – Suitable for general investors.
- Tax-Saving FD – Offers tax benefits under Section 80C of the Income Tax Act.
- Senior Citizen FD – Higher interest rates for citizens above 60 years.
- Special Schemes – Limited-period high-interest FDs like Amrit Kalash and Amrit Vrishti.
see also: FD Rates: Get Up to 9.5% Interest on Fixed Deposits – Best Banks to Invest in 2025
How Long Will It Take to Double Your Investment?
One of the most common investment queries is: “How long will it take to double my money?” To answer this, we use the Rule of 72, a simple formula that estimates the years required to double an investment.
Formula:
YearstoDouble=72/InterestRateYears to Double = 72 / Interest Rate
Example Calculation for SBI FD:
- If SBI offers 7% interest, then: 72/7=∗∗10.3years∗∗72 / 7 = **10.3 years**
This means that at an interest rate of 7%, your money will double in around 10.3 years.
Comparison of Doubling Time at Different Interest Rates
| Interest Rate | Years to Double (Rule of 72) |
|---|---|
| 6% | 12 years |
| 7% | 10.3 years |
| 8% | 9 years |
| 10% | 7.2 years |
Latest SBI SBI Fixed Deposit Interest Rates (March 2025)
SBI regularly updates its FD interest rates based on RBI policies and market conditions. Here are the latest rates:
SBI FD Interest Rates for Different Tenures
| Tenure | General Citizens | Senior Citizens |
|---|---|---|
| 7 days – 45 days | 3.50% | 4.00% |
| 46 days – 179 days | 4.50% | 5.00% |
| 180 days – 1 year | 5.75% | 6.25% |
| 1 year – 2 years | 6.80% | 7.30% |
| 2 years – 3 years | 7.00% | 7.50% |
| 3 years – 5 years | 6.50% | 7.00% |
| 5 years – 10 years | 6.50% | 7.50% |
Best SBI SBI Fixed Deposit Schemes to Maximize Returns
1. SBI Amrit Vrishti FD
- Interest Rate: 7.25%
- Tenure: 444 days
- Eligibility: Available for both general and senior citizens
- End Date: March 31, 2025
2. SBI Amrit Kalash FD
- Interest Rate: 7.10%
- Tenure: 400 days
- Eligibility: Available for all customers
- End Date: March 31, 2025
3. SBI Senior Citizen FD
- Interest Rate: Up to 7.50% for long-term deposits
- Tenure: 5-10 years
- Benefit: Extra 0.50% for senior citizens
How to Invest in SBI Fixed Deposits?
Steps to Open an SBI FD Online
- Log in to SBI Net Banking – Visit onlinesbi.com.
- Go to Fixed Deposit Section – Click on Term Deposits > Open Fixed Deposit.
- Select FD Type and Amount – Choose the tenure and enter deposit amount.
- Confirm and Submit – Verify details and complete the process.
Steps to Open an SBI FD Offline
- Visit your nearest SBI branch.
- Fill out the FD application form.
- Submit necessary KYC documents (Aadhaar, PAN, etc.).
- Deposit the amount and receive FD receipt.
see also: PNB Bank Reduces Fixed Deposit Interest Rates
SBI Fixed Deposit FAQs
1. What is the best SBI FD scheme in 2025?
The Amrit Vrishti FD (7.25% interest for 444 days) and Amrit Kalash FD (7.10% interest for 400 days) are currently the best SBI FD schemes.
2. How is interest on SBI FD calculated?
Interest is calculated based on compounding frequency (monthly, quarterly, half-yearly, or annually) and tenure.
3. What is the minimum amount to open an SBI FD?
You can start an SBI FD with as low as ₹1,000.
4. Can I withdraw my FD before maturity?
Yes, but premature withdrawal charges may apply.
