The State Bank of India has announced a new 36-month Fixed Deposit scheme designed to offer higher and more secure returns for customers looking for medium-term investment options. As India’s largest public sector bank, SBI’s latest FD option comes as welcome news for investors seeking stability, guaranteed earnings and better interest rates compared to regular savings accounts.
Attractive Interest Rates for 3-Year Tenure
Under this special 36-month scheme, SBI is offering an interest rate that stands higher than its traditional FD slabs. For general customers, the rate provides strong growth over a three-year period, while senior citizens enjoy an even higher rate, ensuring better income security and a more rewarding return on their deposits.
₹2 Lakh Deposit Gives Impressive Returns
According to the new structure, a customer who deposits ₹2,00,000 for a full 36-month tenure will receive a substantial maturity amount at the end of the term. The combination of competitive interest and compounding ensures that the investor earns a sizeable return without any risk. For senior citizens, the final payout increases even further due to the extra interest offered exclusively to them.
Safe Investment with Zero Market Risk
The new FD scheme targets individuals who prefer guaranteed, stable returns without exposure to stock market fluctuations. As an RBI-regulated bank, SBI assures complete safety of the principal amount along with timely interest payments. This makes the deposit ideal for salaried individuals, families, retirees and anyone planning future financial stability.
Flexible Payout Options for Investors
The scheme allows customers to choose between cumulative and non-cumulative payout options. Those who select cumulative deposits can enjoy interest added to their principal, resulting in a larger maturity amount. Meanwhile, investors who need regular income can opt for monthly or quarterly interest payouts, making it suitable for pensioners and individuals with recurring financial needs.
Easy Application Through Branch and Online Banking
SBI has simplified the process for opening this FD. Customers can open the 36-month deposit through any SBI branch or by using SBI’s digital platforms, including internet banking or the YONO app. The updated system ensures a quick, hassle-free experience with complete transparency in interest calculation and maturity dates.
A Beneficial Scheme for Medium-Term Savings
SBI’s latest FD scheme provides a strong, secure and practical investment option for people who want steady growth within a three-year horizon. With higher interest rates, flexible options and guaranteed returns, the 36-month FD stands out as one of the most attractive savings choices available today.