SBI New FD Scheme: State Bank of India has once again attracted the attention of conservative investors with its fixed deposit offering. In a time when market-linked investments fluctuate daily, SBI’s FD scheme provides stability and assured growth.
According to the given calculation, an investment of ₹2 lakh can earn a fixed interest of ₹85,049 over the chosen tenure. This makes the scheme suitable for investors who prefer predictable and risk-free returns.
SBI Fixed Deposit Scheme
SBI fixed deposits are among the most trusted investment options in India. Being backed by a public sector bank, these deposits offer a high level of safety and reliability.
This FD scheme is designed for individuals who want steady returns without worrying about market ups and downs.
Investment Amount and Return Structure
The example is based on a lump sum investment of ₹2,00,000. The amount remains invested for a fixed tenure, during which interest is added periodically.
Over time, this interest accumulates and results in a total interest earning of ₹85,049 at maturity.
Interest Rate and Compounding Method
The returns are calculated using a long-term SBI FD interest rate with quarterly compounding. Compounding helps the investment grow faster as interest is earned on both principal and accumulated interest.
This method is especially beneficial for medium to long-term fixed deposits.
Detailed FD Calculation Table
The following table shows how a ₹2 lakh investment grows year by year and reaches the final maturity amount.
| Year | Opening Balance (₹) | Interest Earned (₹) | Closing Balance (₹) |
|---|---|---|---|
| 1 | 2,00,000 | 12,650 | 2,12,650 |
| 2 | 2,12,650 | 13,452 | 2,26,102 |
| 3 | 2,26,102 | 14,307 | 2,40,409 |
| 4 | 2,40,409 | 15,218 | 2,55,627 |
| 5 | 2,55,627 | 29,422 | 2,85,049 |
This table clearly explains how the investment grows and how the total interest of ₹85,049 is generated.
Importance of Staying Invested
Fixed deposits deliver their best results when investors stay invested for the full tenure. Early withdrawal reduces the impact of compounding.
This example highlights how patience and discipline help in achieving guaranteed returns.
Safety and Security of SBI FD
One of the biggest advantages of SBI fixed deposits is capital safety. The principal amount remains protected regardless of market conditions.
This makes the scheme ideal for investors who do not want to take financial risks.
Who Should Consider This FD Scheme
This scheme is suitable for salaried individuals, retirees, senior citizens, and first-time investors. It is also useful for people planning future expenses such as education or emergencies.
Investors looking for fixed and predictable income will benefit the most.
Comparison With Other Investment Options
Compared to savings accounts, fixed deposits offer much higher interest rates. Keeping ₹2 lakh in a savings account would generate significantly lower returns.
While equity and mutual funds may offer higher growth, they involve risk. SBI FDs offer stability and assured returns.
Taxation on Fixed Deposit Interest
Interest earned from fixed deposits is taxable as per the investor’s income tax slab. TDS may be deducted if the interest crosses the prescribed limit.
Eligible investors can submit Form 15G or Form 15H to avoid TDS if applicable.
Premature Withdrawal Option
SBI allows premature withdrawal of fixed deposits if funds are needed before maturity. A small penalty may be charged depending on the tenure.
This option provides liquidity and flexibility to investors.
Easy Process to Open an FD
Opening an SBI fixed deposit is simple and convenient. Investors can open an FD through net banking or the YONO app.
Managing, renewing, or tracking the FD can also be done digitally without visiting a branch.
Final Conclusion
SBI’s fixed deposit scheme offering fixed interest of ₹85,049 on a ₹2 lakh investment reflects the strength of long-term, disciplined saving. The calculation clearly shows how safe investments can deliver meaningful returns.
For investors seeking security, stability, and assured growth, this SBI FD scheme remains a dependable financial choice.