If you’re looking for a safe and reliable investment with fixed returns, an SBI Fixed Deposit (FD) could be the perfect solution. One of India’s most trusted banks, State Bank of India (SBI) offers attractive interest rates on fixed deposits. In fact, by investing just ₹2,00,000, you could earn up to ₹32,044 in fixed interest, depending on your chosen tenure and interest rate.
Let’s break it down: how this interest is calculated, how you can invest easily online or offline, and what you should know before locking in your money.
SBI Fixed Deposit Get Fixed Interest
| Details | Information |
|---|---|
| Scheme | SBI Fixed Deposit (FD) |
| Investment Amount | ₹2,00,000 |
| Potential Interest Earned | ₹32,044 (approximate, depends on tenure/rate) |
| Interest Rate (April 2025) | 6.50% to 7.00% p.a. for general public |
| Best Tenure for ₹32,044 Interest | 2 years to less than 3 years at 7.00% p.a. |
| Senior Citizen Benefit | Additional 0.50% interest rate over standard rates |
| How to Invest | Online via YONO/NetBanking or offline at branch |
SBI Fixed Deposit is a safe, smart, and simple investment option for anyone who wants assured returns without market risk. By investing ₹2,00,000 for 2 years, you can earn a fixed interest of ₹32,044, giving you both financial growth and peace of mind.
With easy online and offline options, attractive interest rates, and zero risk, SBI FDs are a go-to for both beginners and experienced investors.
What Is an SBI Fixed Deposit?
A Fixed Deposit (FD) is a type of investment where you deposit a lump sum of money for a fixed tenure and earn guaranteed interest. SBI, being India’s largest public sector bank, offers FDs with tenures ranging from 7 days to 10 years.
You can choose whether to:
- Get interest payouts at regular intervals (monthly/quarterly/yearly), or
- Reinvest the interest and receive a lump sum maturity amount at the end of the term.
This makes SBI FD a low-risk investment, ideal for conservative investors, senior citizens, and first-time savers.
see also: Powerful Scheme of Post Office Can Make You a Millionaire in 5 Years
SBI Fixed Deposit Interest Rates – April 2025
Let’s take a look at the current SBI FD interest rates for deposits under ₹2 crore (as of April 2025):
| Tenure | Interest Rate (General) | Interest Rate (Senior Citizens) |
|---|---|---|
| 1 year to less than 2 years | 6.80% p.a. | 7.30% p.a. |
| 2 years to less than 3 years | 7.00% p.a. | 7.50% p.a. |
| 3 years to less than 5 years | 6.75% p.a. | 7.25% p.a. |
| 5 years and up to 10 years | 6.50% p.a. | 7.50% p.a. (under Amrit Kalash) |
How ₹2 Lakh Becomes ₹2,32,044 in 2 Years
If you invest ₹2,00,000 in an SBI FD for 2 years at the 7.00% annual interest rate, your maturity amount will be:
- Principal: ₹2,00,000
- Interest Earned: ₹32,044
- Maturity Amount: ₹2,32,044
This calculation is based on quarterly compounding, which is the standard practice for SBI FDs.
Senior Citizens Benefit Even More
If you’re aged 60 or above, you get an additional 0.50% interest, making it 7.50% p.a. in the same tenure. Your interest would increase to around ₹34,500, offering even better returns with zero risk.
How to Invest in SBI Fixed Deposit (FD)
1. Online via NetBanking or YONO App
SBI makes FD investments incredibly simple through its digital platforms.
NetBanking:
- Log in to SBI NetBanking.
- Go to the “Fixed Deposit” section.
- Select “e-TDR/e-STDR (Fixed Deposit)”.
- Enter deposit amount (₹2,00,000), tenure (e.g., 2 years), and payout option.
- Confirm and submit.
YONO App:
- Open the YONO SBI app.
- Tap on “Deposits” → “Open Fixed Deposit”.
- Choose type (TDR or STDR), input details.
- Submit and get instant confirmation.
You don’t need to visit a branch, and the deposit gets created instantly.
2. Offline via Branch
Prefer the traditional way? Here’s how:
- Visit the nearest SBI branch.
- Fill out the FD application form.
- Submit your PAN, Aadhaar, and deposit amount (cash/cheque/transfer).
- Collect the FD receipt or acknowledgment.
Features & Benefits of SBI Fixed Deposit
- Capital Safety: Backed by India’s largest PSU bank.
- Flexible Tenures: From 7 days to 10 years.
- Loan Against FD: Get up to 90% of your FD as loan in emergencies.
- Auto-renewal Option: No worries about maturity date.
- Nomination Facility: Add a nominee easily while investing.
- Tax-Saver FD Option: 5-year lock-in with Section 80C benefit.
see also: This Post Office Scheme is Offering a Strong Interest Rate of 8.2%
SBI FD vs Other Investments
| Investment Type | Interest Rate (Approx.) | Risk | Liquidity |
|---|---|---|---|
| SBI Fixed Deposit | 6.50% – 7.50% | Very Low | High (except tax saver) |
| PPF | 7.10% (compounded yearly) | Very Low | Low (15 years lock-in) |
| Mutual Funds | 8% – 15% (varies) | High | High |
| Savings Account | 2.70% – 4.00% | None | Very High |
If capital safety and fixed returns are your top priority, FDs are the way to go.
SBI Fixed Deposit Get Fixed Interest FAQs
Q1. Can I break my FD before maturity?
Yes, but SBI may charge a penalty of 0.50% to 1% on the interest rate applicable.
Q2. Is TDS deducted on interest?
Yes, if your total FD interest in a year exceeds ₹40,000 (₹50,000 for senior citizens), TDS at 10% is deducted.
Q3. What is the minimum amount to start an FD in SBI?
You can start an FD with just ₹1,000. There is no maximum limit.
Q4. Which is better – cumulative or non-cumulative FD?
- Cumulative FD: Interest is paid at maturity.
- Non-Cumulative FD: Interest is paid monthly/quarterly.
Choose based on whether you want regular income or lump sum return.
Q5. Can I open a joint FD account in SBI?
Yes. You can open a joint FD with up to 3 account holders.
