Check SBI 1-year FD returns on ₹2 lakh deposit. Know interest rates, maturity amount for general and senior citizens.

State Bank of India offers competitive fixed deposit (FD) interest rates across different tenures. For a 1-year FD (365 days), investors depositing ₹2 lakh can earn steady returns depending on their category, including general, senior, and super senior citizens.

Table of Contents

SBI 1-Year FD Interest Rates Explained

State Bank of India currently provides interest rates ranging from around 3.05% to 7.05% across various FD tenures.

For a 1-year FD (365 days):

General citizens6.25% interest
Senior citizens6.75% interest
Super senior citizens6.85% interest

These rates make short-term FDs a popular choice for investors looking for safe and predictable returns.

₹2 Lakh FD Return Calculation (365 Days)

General Citizens

If an individual invests ₹2,00,000 for 1 year at 6.25% interest:

Interest earned₹12,796
Total maturity amount₹2,12,796

Senior Citizens

For senior citizens at 6.75% interest:

Interest earned₹13,846
Total maturity amount₹2,13,846

Super Senior Citizens

For super senior citizens at 6.85% interest:

Interest earned₹14,056
Total maturity amount₹2,14,056

Fixed deposits with a 1-year tenure are widely preferred due to:

  • Low risk investment
  • Guaranteed returns
  • Flexible tenure options
  • Higher rates for senior citizens

They are especially useful for investors seeking stability without market-linked risks.

Key Takeaways

  • SBI offers attractive returns on 1-year FDs
  • ₹2 lakh investment can generate ₹12K–₹14K interest
  • Senior citizens benefit from higher interest rates
  • FD remains one of the safest investment options in India

FAQ

What is SBI’s 1-year FD interest rate?

It is around 6.25% for general citizens, with higher rates for senior categories.

How much will ₹2 lakh earn in 1 year FD?

You can earn between ₹12,796 to ₹14,056 depending on your category.

Is SBI FD a safe investment?

Yes, SBI FDs are considered safe as they offer guaranteed returns.

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