Synopsis: By 2026, despite market volatility and uncertainty, investors opt for safer choices. SBI stays a go-to bank with its secure fixed deposits and steady returns. This article covers key SBI deposit schemes that offers decent returns.
Safe investing matters a lot to many Indian households, particularly those who prefer protecting capital over taking risks in the market. As India’s biggest public sector bank, SBI offers various deposit schemes that balance security, flexibility, and consistent returns. By 2026, these options remain a solid base for folks saving for retirement.
Top Schemes by SBI
1. SBI Regular Fixed Deposit
- Tenure: 7 days to 10 years
- Interest rates (approx.): 3.05% to 6.45% p.a. for general customers
- Minimum deposit amount: ₹1,000/-
- Maximum deposit amount: No Upper Limit
- Senior citizens get an additional 0.50% interest benefit
- Interest payout options: monthly, quarterly, or cumulative
- Loan facility available against FD
2. SBI Tax Saving Fixed Deposit (5-year lock-in)
- Tax Benefit: Eligible for deduction under Section 80C (up to ₹1.5 lakh per year)
- Lock-in Period: 5 years (no early withdrawal)
- Tenure Range: 5 to 10 years
- Minimum Deposit: ₹1,000 (₹10,000 for senior citizens)
- Maximum Investment: ₹1.5 lakh per financial year (for tax benefit)
- Interest Rate: Same as SBI regular FD rates 6.05% (public) and 7.05% (senior citizens) for 5-year tenure.
- Interest Payment: Monthly, quarterly, or at maturity
3. SBI Amrit Vrishti Fixed Deposit (444 Days)
The SBI Amrit Vrishti FD is a special fixed deposit scheme designed to offer higher interest rates than regular FDs for a specific tenure.
- Tenure: 444 days
- Interest Rate: 6.45% p.a. for the general public and 6.95% p.a. for senior citizens and 7.05% for super senior citizens.
- Eligible Deposits: Domestic retail term deposits including NRI rupee deposits ( less than ₹3 crore)
- Applicable To: New deposits and renewal of existing term deposits (TD/STD only)
- Exclusions: RD, Tax Saving FD, Annuity deposits, MOD, Capital Gains scheme, etc.
- Interest Payment (Term Deposits): Monthly / Quarterly / Half-yearly
- Special Term Deposits: Paid on maturity
- Penalty: 0.50% for deposits up to ₹5 lakh and 1% for deposits above ₹5 lakh and below ₹3 crore (all tenors)
- Other Conditions: No interest if withdrawn before 7 days, and no penalty waiver for general customers.
Also read: ELSS vs PPF vs Tax-Saver Fixed Deposit: Which 80C Tax-Saving Option Delivers the Highest Returns?
4. SBI Har Ghar Lakhpati
- Type: Recurring Deposit (RD) scheme
- Purpose: Build ₹1 lakh or more through monthly savings
- Tenure: 3 to 10 years
- Eligible Customers: All resident individuals (including minors above 10 years with conditions)
- Deposit Structure: Pre-calculated monthly instalments based on target amount and tenure
- Flexibility: Partial instalment payments allowed
5. SBI Green Rupee Term Deposit
- Type: Green fixed deposit (term deposit scheme)
- Purpose: Funds used exclusively for eligible green and sustainable projects
- Deposit Type: Term Deposit / Special Term Deposit
- Eligible Customers: Resident individuals, non-individuals, and NRIs (as per SBI rules)
- Minimum Deposit: ₹1,000
- Maximum Deposit: No upper limit
- Tenure Options: 1111 days, 1777 days, 2222 days
- Eligible Products: Term Deposit and Special Term Deposit only (not applicable for RD, MOD, Tax Saving FD, etc.)
Note: Interest rates, eligibility, and scheme features are subject to revision by SBI from time to time. Please refer to official SBI sources for the latest updates.
Final takeaway
Despite economic uncertainty, market swings, and unstable global events, investors keep searching for safe investments. With all that, SBI continues to stand out as one of the most trusted choices in India. With a wide range of deposit schemes like Regular Fixed Deposits, Tax Saving FDs, Special FDs like Amrit Vrishti, goal-based RD schemes like Har Ghar Lakhpati, and sustainable options like Green Rupee Term Deposits, SBI offers something for every type of investor.
SBI stands out with its competitive and stable interest rates, making it trustworthy for risk-averse investors, retirees, and long-term savers. It’s India’s largest public sector bank, offering a straightforward, safe way to grow money steadily without worrying about market dips.
Written By Ameet S
