LIC’s New Fixed Deposit Scheme for Senior Citizens: Safe Investment with Guaranteed Monthly Income

SBI FD Calculator 2025

Calculate Your Fixed Deposit Returns with Latest Interest Rates

💰 Quick Example: ₹5 Lakh Investment for 2.5 Years

General Category: ₹5,86,734 (₹86,734 interest)

Senior Citizens: ₹5,93,992 (₹93,992 interest)

🧮 SBI FD Calculator

Calculate your SBI Fixed Deposit returns instantly with our advanced calculator.

Principal Amount (₹)

Tenure 7 Days to 45 Days 46 Days to 179 Days 180 Days to 210 Days 211 Days to Less Than 1 Year 1 Year to Less Than 2 Years 2 Years to Less Than 3 Years 3 Years to Less Than 5 Years 5 Years to 10 Years

Category General (Below 60 years) Senior Citizens (60+ years)

📊 Your FD Calculation Results

📈 Current SBI FD Interest Rates (2025)

After the recent RBI rate cuts, here are the updated SBI Fixed Deposit interest rates:

Tenure	General Rate (%)	Senior Citizen Rate (%)
7 Days to 45 Days	3.05%	3.55%
46 Days to 179 Days	5.05%	5.55%
180 Days to 210 Days	5.80%	6.30%
211 Days to Less Than 1 Year	6.05%	6.55%
1 Year to Less Than 2 Years	6.25%	6.75%
2 Years to Less Than 3 Years	6.45%	6.95%
3 Years to Less Than 5 Years	6.30%	6.80%
5 Years to 10 Years	6.05%	7.05%

📊 Investment Growth Visualization

See how your ₹5 lakh investment can grow over 2.5 years with this interactive chart.

🎯 Market Sentiment Analysis

Current Outlook: Despite recent rate cuts by RBI, SBI FDs remain attractive for conservative investors. The 6.45% rate for 2-3 years tenure offers stability in uncertain market conditions.

Investor Confidence: 75% (Based on recent deposit inflows and market analysis)

✅ Advantages of SBI FD

• Government-backed security
• Guaranteed returns
• Higher rates for senior citizens
• Flexible tenure options
• Loan against FD facility

❌ Considerations

• Lower returns compared to equity
• Inflation impact on real returns
• Penalty for premature withdrawal
• Taxable interest income
• Fixed interest rates

💡 Why Invest in Wife's Name?

Investing FD in your wife's name can offer several benefits:

• Tax Benefits: If wife is in lower tax bracket, overall tax liability reduces
• Additional Deduction: Separate ₹1.5 lakh deduction under Section 80C
• Financial Planning: Better distribution of family wealth
• Joint Planning: Helps in joint financial goal planning

🤔 Frequently Asked Questions

Q: What is the minimum amount for SBI FD?

The minimum amount for SBI Fixed Deposit is ₹1,000 for regular FDs. However, some special schemes may have different minimum requirements.

Q: Can I withdraw my FD before maturity?

Yes, you can withdraw your FD before maturity, but it will attract a penalty of 1% on the applicable interest rate. The penalty may vary based on the tenure completed.

Q: Are FD returns taxable?

Yes, FD interest is taxable as per your income tax slab. TDS is deducted if interest exceeds ₹40,000 per year (₹50,000 for senior citizens).

Q: Can I get a loan against my SBI FD?

Yes, SBI offers loan against FD up to 90% of the FD amount. The interest rate for such loans is typically 1-2% higher than your FD rate.

🚀 Ready to Start Your SBI FD Journey?

Open your SBI Fixed Deposit account today and secure your financial future with guaranteed returns!

Open SBI FD Account

📝 Conclusion

SBI Fixed Deposits continue to be one of the safest investment options in India. With current rates of 6.45% for 2-3 years tenure, investing ₹5 lakh in your wife's name can yield excellent returns while providing tax benefits. The guaranteed nature of returns and the backing of India's largest bank makes it an ideal choice for conservative investors.

Whether you're planning for short-term goals or long-term wealth creation, SBI FDs offer the perfect balance of safety, returns, and flexibility. Use our calculator above to plan your investments and make informed financial decisions.