SBI Senior Citizen FD Rates: How Much You Will Get On Your 3 Lakh Investment On 2, 3, 5 Years Tenure

SBI Senior Citizen FD Rates: Several banks and other financial institutions have revised their fixed deposit interest rates and other features in the new financial year 2025-26 (FY26). The State Bank of India (SBI) provides fixed deposits at higher interest rates, especially to senior citizen customers.

Fixed deposit schemes, also known as term deposits, offer a lucrative option of saving to risk-averse investors. FD schemes provide safer investment options that provide guaranteed returns even during market volatility.

What is a Fixed Deposit?

Fixed deposit schemes (FD), also known as term deposit (deposit), is a low-risk investment option where investors are required to deposit a higher amount at a lumpsum rate in the beginning of creating FD. They can get lump-sum returns on their fixed deposit investment at the time of its maturity or regular intervals. Fixed deposit investment.

The investment period in fixed deposit schemes can be as less as seven days and can range to as high as five years. Apart from the lumpsum feature of FD schemes. FD interest rate is fixed for investors at the time when they create their FD account. FD investments can help people get guaranteed returns with the benefit of compounding.

Certain special FD interest schemes can offer benefits like tax saving, periodic interest payouts, etc. However, people are not allowed to withdraw the FD amount before a fixed period, and doing so may attract penalties and extra costs.

SBI FD For Senior Citizens

For One Year

For a one-year tenure FD, SBI offers 7.30% interest to senior citizen customers. As per the existing FD interest rates, senior citizen customers will accumulate an interest amount of Rs 22506 with a maturity amount of Rs 3,22,506.

Two to Three Years

For a two to less than three-year tenure, SBI offers an interest rate of 7.5% to senior citizen customers. As per the calculation, customers will get an interest rate amount of Rs 72,600 with a maturity amount of Rs 3,72,600.

Five to Ten Years

For five to ten years of tenure, SBI offers FD interest rate of up to 7.5% to senior citizen customers. Hence, three lakh of FD investment in SBI for a tenure of five years will generate an FD interest amount of Rs 1,34,984. At the time of maturity, depositor will get Rs 4,34,984.

State Bank of India Fixed Deposits

State Bank of India offer different interest schemes, including tax saving schemes, SBI multi option deposit, special term deposit, regular fixed deposit, etc. People can open an FD account online or offline by visiting nearest SBI bank branch. The minimum period of FD schemes is seven days and can range to ten years. People can start their fixed deposit amount with a minimum amount of Rs 1,000 whereas there is no upper limit for maximum investment.

However, if you will invest Rs 2 crore or more than the investment in FD will be classified as term deposit. Fixed deposit schemes are generally transferable, which means you can transfer it from one branch to another. Interest on FD rates can be paid quarterly, monthly, half yearly or even annually based on the selection of the depositor. If the interest earned on FD is higher than a certain amount then the bank will deduct a tax deducted at source (TDS). However, TDS is exempted if people will submit form 15G/15H as per IT Rules.