SBI FD Scheme: Get ₹5,52,168 After 5 Years with This Investment

Fixed Deposits (FDs) have long been a popular investment option for individuals seeking stable returns with minimal risk. If you’re looking to grow your savings with the State Bank of India (SBI), you might be wondering how much you need to invest today to achieve a maturity amount of ₹5,52,168 in 5 years.

This article provides a detailed breakdown of SBI’s 5-year FD scheme, including interest rates, investment calculations, and expert advice to help you maximize your returns.

SBI FD Scheme

SBI Fixed Deposits offer a safe and reliable investment option for those looking to earn stable returns over five years. By investing approximately ₹4,00,000, you can secure a maturity amount of ₹5,52,168 in 5 years. For the latest SBI FD interest rates, visit the SBI Official Website or use their FD calculator to check potential returns. Happy investing!

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SBI FD Scheme Interest Rates for 5-Year Tenure

As of March 2025, SBI offers the following fixed deposit interest rates for a 5-year tenure:

1. For General Public: 6.50% per annum
2. For Senior Citizens: 7.50% per annum (includes an additional premium under the “SBI We-care” deposit scheme)

These rates are subject to quarterly compounding, meaning your interest is added to your principal every three months, resulting in higher returns over time.

SBI FD Scheme: How Much Should You Invest Today?

To determine the initial investment amount required to achieve a maturity value of ₹5,52,168 in 5 years, we use the compound interest formula:

For General Public (6.50% Interest Rate)

1. A = Maturity amount (₹5,52,168)
2. P = Principal amount (initial investment)
3. r = Annual interest rate (6.50% or 7.50%)
4. n = Number of compounding periods per year (4, since it’s quarterly compounding)
5. t = Number of years (5)

For Senior Citizens (7.50% Interest Rate)

Thus, to receive ₹5,52,168 after 5 years, you need to invest approximately:

1. ₹4,00,000 if you’re a general customer.
2. ₹3,85,000 if you’re a senior citizen.

Advantages of Investing in SBI FD Scheme

1. Guaranteed Returns: SBI FDs are backed by government regulations, making them a safe investment option.
2. Higher Interest Rates for Seniors: The “SBI We-care” scheme offers additional benefits for senior citizens.
3. Flexible Investment Options: SBI allows you to choose from various tenures ranging from 7 days to 10 years.
4. Tax Benefits: The 5-year tax-saving FD qualifies for deductions under Section 80C of the Income Tax Act.

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How to Open an SBI FD Scheme Account?

You can open an SBI FD account through the following methods:

Online via SBI Net Banking

1. Log in to SBI Net Banking.
2. Go to “Fixed Deposits” > “Open a Fixed Deposit”.
3. Select the deposit amount, tenure, and interest payout frequency.
4. Confirm the details and submit.

Through SBI YONO App

1. Open the SBI YONO app.
2. Navigate to “Deposits” and select “Fixed Deposits”.
3. Follow the on-screen instructions to complete your investment.

By Visiting a Branch

1. Visit your nearest SBI branch.
2. Fill out the FD application form.
3. Provide KYC documents and deposit the amount.

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SBI FD Scheme (FAQs)