The State Bank of India (SBI) offers special Fixed Deposit (FD) schemes designed especially for senior citizens. These schemes are perfect for people above 60 years of age who are looking for a safe and reliable way to grow their money. With interest rates higher than those for regular customers, SBI senior citizen FDs are a low-risk option for guaranteed returns.
Flexible Tenure Options
SBI allows you to choose FD tenures ranging from 7 days to 10 years. You can select a time period that suits your financial goals, whether it is a short-term or long-term investment.
Nomination Facility
SBI offers a nomination option, where the investor can nominate a family member or spouse to receive the FD amount after maturity. This ensures your savings are handed over to your loved ones without complications.
SBI Senior Citizen FD Interest Rates (2025)
Here is a breakdown of interest rates and expected returns for senior citizens on SBI FDs:
1-Year FD – Interest Rate: 7.30%
For short-term saving goals, the 1-year FD is a good option.
- ₹3 lakh investment grows to ₹3,22,507
- ₹6 lakh investment grows to ₹6,45,014
- ₹9 lakh investment grows to ₹9,67,521
3-Year FD – Interest Rate: 7.25%
This option works well for medium-term financial planning.
- ₹3 lakh investment grows to ₹3,72,164
- ₹6 lakh investment grows to ₹7,44,328
- ₹9 lakh investment grows to ₹11,16,492
5-Year FD – Interest Rate: 7.50%
Ideal for long-term security and retirement planning.
- ₹3 lakh investment grows to ₹4,34,984
- ₹6 lakh investment grows to ₹8,69,969
- ₹9 lakh investment grows to ₹13,04,953
Why Senior Citizens Should Choose SBI FDs
- Higher Interest Rates: Better than regular customers
- Safe Investment: No market risk involved
- Flexible Tenure: Choose between 7 days to 10 years
- Nomination Facility: Secure handover of money to family
- Trusted Bank: Backed by India’s largest public sector bank
Final Words
SBI Fixed Deposits for senior citizens provide secure, steady, and guaranteed returns. With attractive interest rates up to 7.50%, it is a great choice for those looking to invest their savings with peace of mind. Whether you invest ₹3 lakh or ₹9 lakh, SBI ensures your money grows safely over time.