SBI Update: When it comes to investing, most people prefer to invest their money in bank FDs. This is because of the security of their funds and the fixed returns they offer. If you are an FD investor and rely solely on bank FDs to invest your money, this news will be very important for you. Today, we are going to tell you about an FD where you can double your money by investing. We’re talking about FDs offered by the country’s largest public sector bank, SBI . Let’s explore which SBI FDs can double your investment.
SBI Fixed Deposits
SBI provides its customers with a range of fixed deposit options that come with various maturity periods. Each of these fixed deposits has different interest rates. Here’s how they break down:
1 year – 6.25 percent
2 years – 6.45 percent
3 years – 6.30 percent
5 years – 6.05 percent
10 years – 6.05 percent
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Consider investing in SBI’s 10-year FD
If you put in Rs 5 lakh into an SBI 10-year FD, you’ll earn a return at an interest rate of 6.05 percent. This means you’ll get a total of Rs 9.11 lakh when it matures, giving you a profit of Rs 4.11 lakh. For senior citizens, the interest rates are even better. They can earn a return of 7.05 percent on a 10-year FD. So, if a senior citizen invests Rs 5 lakh in this FD, they’ll end up with Rs 10.05 lakh at maturity, which translates to a profit of Rs 5.05 lakh.
The State Bank of India (SBI) announced a reduction in its fixed deposit (FD) interest rates, effective Monday, December 15, 2025. The new rates will apply to both general customers and senior citizens. This change comes after the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) recently cut the repo rate by 25 basis points, from 5.50% to 5.25%.
What will be the new interest rates?
SBI has reduced the interest rate on fixed deposits with a term of two to three years from 6.45% to 6.40% for general customers and from 6.95% to 6.90% for senior citizens. The interest rate on a special 444-day scheme called Amrit Varshiti has been reduced from 6.60% to 6.45%.
Who stands to gain more?
The bank has made it clear that regular customers will now earn a top interest rate of 6.05%, while senior citizens can get up to 7.05% on deposits under Rs 3 crore. These updated rates might lead to a bit less income for depositors, but borrowers are likely to see some benefits. The cut in the repo rate could also affect home loans, auto loans, and personal loan rates down the line. The bank mentioned that this move was made with economic stability and market rate changes in mind.
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