If you’re looking for a safe and profitable investment, the special FD of SBI (State Bank of India) might just be the opportunity you’ve been waiting for. By investing ₹2 lakh in an SBI fixed deposit, you could earn a profit of up to ₹32,000 in just 2 years—all while enjoying the security of India’s most trusted public sector bank.
This article will walk you through how this return is calculated, the schemes that can offer such returns, and what you need to know before investing. Whether you’re a new investor or a seasoned pro looking for low-risk options, this guide is designed to give you practical, accurate, and easy-to-follow advice.
Special FD of SBI
| Topic | Details |
|---|---|
| Bank | State Bank of India (SBI) |
| Scheme Type | Fixed Deposit (FD) |
| Investment Amount | ₹2,00,000 |
| Tenure | 2 years |
| Potential Profit | Up to ₹32,000 (depending on the FD type and customer category) |
| Interest Rates (Regular) | 7.00% p.a. (as of April 2025 for 2 years) |
| Interest Rates (Senior Citizens) | 7.50% p.a. (for the same tenure) |
| Special FD Schemes Previously Offered | Amrit Kalash (7.10%-7.60%), Amrit Vrishti (7.25%-7.75%) – now discontinued |
| Calculation Method | Compound interest, quarterly compounding |
If you’re looking to invest ₹2 lakh in a safe, predictable, and rewarding option, SBI’s Fixed Deposit is a smart choice. With current rates, you could earn close to ₹32,000 in 2 years, especially if you’re a senior citizen or find a high-interest special FD offer.
FDs continue to be a reliable option for both beginners and experienced investors, combining peace of mind with consistent returns. And with SBI’s strong reputation, you’re parking your money where safety meets performance.
What is an SBI Special Fixed Deposit (FD)?
A Special FD is a time-bound deposit that offers higher-than-usual interest rates, typically during a promotional window. SBI occasionally launches these to attract deposits for a specific tenure.
Recently, schemes like SBI Amrit Kalash and SBI Amrit Vrishti offered interest rates up to 7.75% p.a. for senior citizens. These schemes, though now closed (as of March–April 2025), showed how customers could earn enhanced returns safely.
While these special schemes aren’t currently available, you can still earn significant profits through SBI’s regular and Sarvottam FDs.
see also: Why Fixed Deposit is a Foolproof Investment
How ₹2 Lakh Grows in 2 Years – Interest Calculation Explained
Let’s break it down using current regular FD rates (as of April 2025):
For General Public:
- Interest Rate: 7.00% p.a.
- Tenure: 2 years
- Interest Type: Quarterly compounding
Calculation:
Using the formula:
A = P × (1 + r/n)^(n×t)
Where:
- A = maturity amount
- P = ₹2,00,000
- r = 0.07 (7%)
- n = 4 (quarterly)
- t = 2 (years)
A ≈ ₹2,00,000 × (1.0175)^8 ≈ ₹2,29,780
Profit: ₹29,780
For Senior Citizens:
- Interest Rate: 7.50% p.a.
A ≈ ₹2,00,000 × (1.01875)^8 ≈ ₹2,31,840
Profit: ₹31,840
So yes, with the right FD rate and category, you can earn close to ₹32,000 in just 2 years—completely risk-free.
Types of SBI FDs You Can Explore
1. Regular Fixed Deposit
- Open to all individuals.
- Minimum amount: ₹1,000
- Flexible tenures from 7 days to 10 years.
- Current rate for 2 years: 7.00%
Ideal for salaried individuals or conservative investors.
2. Senior Citizen FD
RBI Latest News: 5 Big Changes Related to Banking — Impact on UPI, FD, and Loans! Know Immediately
- Age 60 and above.
- Additional 0.50% interest over regular rates.
- Great for retirees seeking steady returns.
3. SBI Sarvottam FD (Non-callable)
- Higher rates than regular FD.
- Minimum investment: ₹15 lakh
- Interest for 2 years: 7.4% (general), 7.9% (senior citizens)
Note: Non-callable FDs cannot be withdrawn before maturity.
Tips to Maximize FD Returns
- Opt for Quarterly Compounding – It increases your maturity value faster than annual compounding.
- Choose a Reinvestment Option – Instead of receiving interest payouts, let it accumulate.
- Ladder Your FDs – Split your amount across different tenures to enjoy liquidity + better rates.
- Compare with Other Banks – Use FD calculators from RBI or BankBazaar for comparison.
Is SBI FD Safe?
Absolutely. SBI is India’s largest public sector bank, backed by the Government of India. Your FD up to ₹5 lakh (principal + interest) is also protected under DICGC insurance—making it among the safest investment options in the country.
How to Open an SBI FD
Step-by-Step Guide:
- Visit SBI Official Website
- Log in to Net Banking or use the YONO app
- Click on ‘Deposit Accounts’ > ‘Fixed Deposit’
- Choose:
- Amount
- Tenure
- Interest payout frequency (Monthly/Quarterly/Reinvestment)
- Confirm and Submit
You can also visit your nearest SBI branch and open an FD offline.
see also: State Bank RD Scheme: You will get ₹4,96,932 after just 5 years
Special FD of SBI FAQs
1. Can I break the FD before 2 years?
Yes, but penalty charges (usually 0.50%–1%) may apply. The interest rate will also be adjusted to the applicable rate for the completed tenure.
2. Is the ₹32,000 interest taxable?
Yes. Interest income from FDs is fully taxable as per your tax slab. SBI deducts TDS at 10% if total interest exceeds ₹40,000 (₹50,000 for seniors) in a year.
3. Can I avail a loan against my FD?
Yes, you can get up to 90% of your FD value as a loan at competitive interest rates.
4. Are there any charges to open an FD online?
No, there are no fees or hidden charges to open an FD online through SBI Net Banking or YONO.
5. Are senior citizens the only ones eligible for extra returns?
Yes, currently only senior citizens get an additional 0.50% interest on FDs.
