State Bank of India (SBI) fixed deposit schemes have long been a trusted choice for investors.
From first-time savers to retirees, many people prefer SBI FDs because they offer safety, stability, and predictable returns.
Even as several banks have reduced interest rates, SBI continues to provide competitive returns.
At present, SBI FD interest rates range from 3.05% to 7.05%, depending on the deposit period and the age of the investor.
This makes it easier to choose a plan that matches your financial goals.
SBI’s popular special FD schemes
SBI offers a few special FD options that are attracting strong investor interest due to their balanced returns and flexibility.
Amrit Varsha FD (444 days)
This scheme is available for deposit periods ranging from 7 days to 10 years.
Regular investors earn an interest rate of around 6.45%, while senior citizens receive 6.95%.
Because of its short tenure and decent returns, this FD is quite popular.
5-year fixed deposit plan
This plan is suitable for those looking for long-term savings.
General investors earn 6.05% interest.
Senior citizens receive 7.05%, while super senior citizens aged 80 and above get 7.15%.
It is often chosen for retirement planning and stable income.
Returns on a ₹2 lakh investment
A ₹2,00,000 investment in a 5-year SBI FD can generate attractive returns, especially for senior citizens.
General investors receive a maturity amount of around ₹2.70 lakh, earning approximately ₹70,035 as interest.
Senior citizens get about ₹2.83 lakh at maturity, which includes nearly ₹83,652 as interest.
Super senior citizens receive the highest benefit, with a maturity amount close to ₹2.85 lakh and interest of around ₹85,049.
These figures clearly show that interest benefits increase with age, making SBI FDs a strong option after retirement.
Why SBI FDs are considered safe
SBI fixed deposits are known for their reliability and low risk.
Backed by India’s largest public sector bank, these schemes ensure capital safety along with assured returns.
For investors who want to protect their savings and earn steady income, SBI FDs remain a smart and dependable choice.
They can also play an important role in building a balanced investment portfolio, especially during retirement years.
