SBI FD Scheme: The State Bank of India (SBI), India’s largest public sector bank, is widely trusted for offering safe and reliable savings instruments. Among its most popular offerings is the Fixed Deposit (FD) Scheme, which guarantees returns over a chosen tenure. For investors seeking secure growth of their savings without risk, SBI FDs remain one of the best options.
In this article, we explain how much return you can earn by depositing ₹1,00,000 in an SBI FD, the latest SBI FD interest rates, and the benefits of investing in this scheme.
SBI FD Scheme Interest Rates (September 2025)
SBI now offers interest rates ranging between 3.30% and 7.10%, depending on the tenure and customer category citizens enjoy higher interest rates compared to regular depositors.
| Tenure | Regular Customers | Senior Citizens |
|---|---|---|
| 7 days – 45 days | 3.30% | 3.80% |
| 46 days – 179 days | 4.75% | 5.25% |
| 180 days – 210 days | 5.75% | 6.25% |
| 211 days – less than 1 year | 6.00% | 6.50% |
| 1 year – less than 2 years | 6.80% | 7.30% |
| 2 years – less than 3 years | 6.75% | 7.25% |
| 3 years – less than 5 years | 6.30% | 6.80% |
| 5 years – 10 years | 6.50% | 7.00% |
| 444-day “Amrit Kalash FD” | 6.60% | 7.10% |
To understand the benefits, let us calculate the returns for an investment of ₹1,00,000 in a 3-year SBI FD Scheme.
Regular Customers
| Investment Amount | Tenure | Interest Rate | Maturity Amount | Fixed Interest Earned |
|---|---|---|---|---|
| ₹1,00,000 | 3 Years | 6.30% | ₹1,20,626 | ₹20,626 |
Senior Citizens
| Investment Amount | Tenure | Interest Rate | Maturity Amount | Fixed Interest Earned |
|---|---|---|---|---|
| ₹1,00,000 | 3 Years | 6.80% | ₹1,22,419 | ₹22,419 |
This shows that senior citizens enjoy higher returns compared to regular depositors due to an additional interest rate benefit.
Key Features of SBI FD Scheme
Flexible Tenure – From 7 days to 10 years, giving customers the freedom to choose.
Assured Returns – Interest rates remain fixed throughout the chosen tenure.
Higher Rates for Senior Citizens – Senior citizens get an extra 0.50% interest.
Special FD Scheme – Amrit Kalash – 444-day deposit with up to 7.10% returns.
Loan Against FD – Customers can avail loans against their FD in times of need.
Premature Withdrawal – Allowed with a small penalty, ensuring liquidity.
Benefits of Investing in SBI FD
Safety of Capital: Being a government-backed bank, SBI ensures maximum security of funds.
Guaranteed Growth: No market-linked risks; returns are fixed.
Simple Process: Easy account opening through SBI branches or internet banking.
Tax Benefits: Under SBI Tax Saving FD, customers can claim tax deductions up to ₹1.5 lakh under Section 80C of the Income Tax Act.
Regular Income Option: Monthly or quarterly interest payout option for retirees.
SBI FD Scheme vs. Other Savings Options
| Feature | SBI FD | Savings Account | Mutual Funds |
|---|---|---|---|
| Risk Level | No Risk | No Risk | Market Risk |
| Interest Rate (Approx.) | 3.30% – 7.10% | 2.50% – 3.50% | 8% – 12% |
| Tenure | 7 days – 10 years | Flexible | Flexible |
| Tax Benefits | Yes (on Tax Saver FD) | No | Yes (ELSS) |
Clearly, SBI FD Scheme are best suited for risk-averse investors looking for safe and guaranteed returns.
Frequently Asked Questions (FAQ)
Q1. What is the highest FD interest rate in SBI right now?
Currently the highest rate is 7.10% for senior citizens under the 444-day “Amrit Kalash FD Scheme.”
Q2. How much will I get if I deposit ₹1,00,000 in a 3-year SBI FD?
- Regular customer: ₹1,20,626 (interest ₹20,626)
- Senior citizen: ₹1,22,419 (interest ₹22,419)
Q3. Is SBI FD safe?
Yes, SBI FD is completely safe as it is backed by India’s largest public sector bank and regulated by RBI.
Q4. Can I break my FD before maturity?
Yes, SBI allows premature withdrawal with a small penalty on the interest earned.
Q5. Is there a tax benefit on SBI FD?
Yes, under the SBI Tax Saver FD (5 years), investors can claim deductions up to ₹1.5 lakh under Section 80C.
Conclusion
The SBI FD Scheme remains one of the most reliable savings options for both regular customers and senior citizens. With interest rates up to 7.10%, flexible tenure, and the safety of funds, SBI offers an excellent opportunity for investors to grow their savings.
If you invest ₹1,00,000 in a 3-year SBI FD, you can earn up to ₹22,419 as fixed interest, depending on your eligibility. Whether you are looking for short-term savings or long-term wealth building, SBI FD continues to be a secure and rewarding choice.