SBI FD Yojana: Get ₹4,83,147 After 5 Years by Investing This Amount

Investing in fixed deposits (FDs) is one of the safest and most reliable ways to grow your savings with minimal risk. The State Bank of India (SBI) Fixed Deposit Yojana offers an excellent opportunity for investors looking to earn stable returns. If you invest approximately ₹3,40,000, you can expect to receive ₹4,83,147 after 5 years, given the current 7% per annum interest rate.

SBI FD Yojana

SBI FD Yojana is an excellent investment choice for those seeking safe, stable, and guaranteed returns. With a 7% interest rate, an investment of ₹3,40,000 can grow to ₹4,83,147 in 5 years. The flexibility, tax benefits, and loan options make it a lucrative option for all types of investors.

Also Check: SBI Mutual Fund: सिर्फ 2000 रूपये के निवेश से तैयार होगा 13,53,726 रूपये का फंड

What is SBI FD Yojana?

SBI offers a variety of fixed deposit schemes to cater to different investor needs. The FD Yojana is one of the most sought-after schemes, as it provides attractive interest rates, flexible tenure options, and assured returns. This scheme is particularly beneficial for individuals who prefer stable and secure investments over volatile market-linked instruments like stocks and mutual funds.

Why Choose SBI Fixed Deposit?

1. Safety & Security: SBI is a government-backed bank, ensuring a low-risk investment.
2. Guaranteed Returns: Unlike mutual funds or stocks, FD returns are not affected by market fluctuations.
3. Flexible Tenure Options: SBI offers FD terms ranging from 7 days to 10 years.
4. Senior Citizen Benefits: Additional 0.5% interest rate for individuals above 60 years.
5. Loan Against FD: You can avail of a loan up to 90% of your FD amount.

How to Achieve ₹4,83,147 in 5 Years with SBI FD Yojana

Understanding the Interest Calculation

SBI FD interest rates vary based on tenure, and for 5 years, the current rate is 7% per annum. The compound interest formula is used to determine the maturity amount:

Where:

1. A = Maturity Amount
2. P = Principal Investment
3. r = Annual Interest Rate (decimal form, 7% = 0.07)
4. n = Number of times interest is compounded per year (Quarterly for SBI = 4)
5. t = Time in years (5 years)

Using this formula, if you invest approximately ₹3,40,000, your maturity amount will be ₹4,83,147 after 5 years.

How to Invest in SBI Fixed Deposit

You can invest in SBI FD through:

1. SBI Internet Banking (SBI Online)
2. SBI YONO App
3. Visiting an SBI Branch

Steps to Invest via SBI Net Banking

1. Log in to your SBI Internet Banking account.
2. Click on Fixed Deposit under the Deposit & Investment section.
3. Select Open a Fixed Deposit.
4. Enter the investment amount and select tenure (5 years).
5. Confirm the interest rate and maturity amount.
6. Submit the request and receive an FD receipt.

Also Check: SBI FD Scheme: सिर्फ 400 दिन में कमाएं ₹1,24,932 ब्याज, बैंक की धमाकेदार स्कीम

SBI FD Yojana Interest Rates (2025)

SBI offers different interest rates based on tenure. Below is a table showing current rates:

Note: Interest rates are subject to change. Always check the latest rates on the SBI website.

Tax Benefits on SBI FD Yojana

Investing in SBI FD for 5 years makes you eligible for a tax deduction under Section 80C of the Income Tax Act. You can claim up to ₹1.5 lakh deduction per year. However, the interest earned is taxable under your applicable income tax slab.

Pros and Cons of SBI FD Yojana

Pros

1. Guaranteed returns with minimal risk.
2. SBI offers better rates than savings accounts.
3. Auto-renewal options available.
4. Loan and overdraft facility against FD.

Cons

1. Penalty on premature withdrawal (ranging from 0.5% to 1%).
2. Taxable interest (unless under tax-saving FD scheme).
3. Returns may not beat inflation.

Also Check: Post Office Scheme: सिर्फ एक बार पैसा जमा करने पर मिलेंगे ₹1,74,033 रूपये इस स्कीम में

SBI FD Yojana (FAQs)