SBI FD Plan 2025 – If you are someone who loves stable returns without worrying about market ups and downs then SBI has come up with something that might grab your interest. The State Bank of India which is the most trusted government bank in the country has introduced a special fixed deposit plan that gives you a fixed income of ₹8000 every week. Yes you read that right. With this new FD scheme you can earn weekly returns and enjoy consistent cash flow in your bank account.
This plan is perfect for senior citizens retired individuals housewives or anyone who wants regular income without the fear of losing money in stock markets or mutual funds. But the catch is that this is a limited time offer. You have to apply before 31st May 2025 to avail the benefits. Let us take a closer look at how this special FD works and why you should consider it.
What is the SBI Special FD Plan
SBI’s Special FD Plan is not like your regular fixed deposit. It is designed to provide a weekly income instead of quarterly or yearly interest. So instead of waiting months to get your return this scheme gives you ₹8000 every week directly into your savings account. The plan is ideal for people who want a predictable source of income and don’t want to take risks in the financial market.
Main Features of the Weekly Income FD Scheme
This fixed deposit is unique because of its payout structure. Here are some of its main features
You get guaranteed ₹8000 income every week. It is offered by India’s largest public sector bank so your money is safe. Interest rates are higher compared to regular SBI FDs. This is a limited-time scheme valid only till 31st May 2025. You need to deposit a lump sum amount to become eligible.You can choose a tenure ranging from 3 to 10 years. Weekly payouts will be credited to your SBI account directly. It offers tax benefits especially useful for senior citizens.
Eligibility and How Much You Need to Invest
To get ₹8000 per week from this scheme you need to invest a decent amount of money. The minimum deposit required to get this benefit is ₹10 lakh. The interest you earn from that deposit is paid to you weekly in equal installments.
Here’s a quick look at different investment amounts and the returns you get
- If you invest ₹10 lakh you will receive ₹8000 per week for up to 10 years
- Invest ₹8 lakh and get ₹6400 weekly
- ₹6 lakh gives you ₹4800 per week
- ₹5 lakh earns you ₹4000 per week
- ₹4 lakh gives ₹3200 weekly
- ₹3 lakh gives ₹2400 weekly
- Even if you invest ₹1 lakh you can still get ₹800 per week
These figures are based on estimated interest rates which range from 4.5 percent to 6.75 percent depending on how long you keep the FD.
Why Should You Choose This FD Scheme
- There are many reasons to consider this special FD from SBI
- It is completely safe as your money stays in the bank and is not linked to the market
- You get a fixed amount every week which helps in planning monthly expenses
- You can invest both online and offline as per your convenience
- Even if you want to withdraw your money early you can do that by paying a small penalty
- The FD will be automatically renewed if you want to continue after maturity
Who Should Invest in SBI Special FD
This scheme is a great option for anyone who wants a steady income without taking risks. Especially if you are retired or close to retirement this is a good way to make your savings work for you. If you have a lump sum amount like from a retirement fund inheritance or savings and you want regular cash flow then this plan is worth exploring. Even people who want to avoid daily market updates and are looking for guaranteed returns can benefit from this.
Steps to Apply for SBI Special FD Plan
- Applying for this fixed deposit is super simple
- Go to your nearest SBI branch and ask for the Special Weekly Income FD application form
- Or log in to the SBI YONO app or SBI Net Banking portal
- Choose the FD plan enter the amount you want to invest and pick your tenure
- Submit your KYC documents if not already updated
- Link your savings account to receive the weekly payout
- Confirm all details and submit the form
Just remember that the deadline is 31st May 2025 so do not miss out if you are planning to invest
How is This FD Different from Regular FD
In regular fixed deposits the interest is paid quarterly or yearly and the purpose is more about saving and growing wealth. But this special FD is focused on providing regular income to the investor. The interest rate is slightly better than standard FD and the payout happens every week which is rare in any bank scheme. The target audience here is clearly people who want income rather than growth of capital.
Important Points to Note Before Investing
- There are some things you should keep in mind
- After 31st May 2025 SBI may withdraw or change this offer so apply before the deadline
- TDS will be applicable if your total interest income crosses the limit as per tax rules
- If you withdraw early your interest payout may reduce
- Over time inflation may affect the value of the fixed return
SBI’s Special FD Plan that offers ₹8000 every week is a solid option for those who value consistent income and financial safety. If you have a good amount of money saved and are looking for a stable source of earnings without taking market risks then this is a great opportunity. Just make sure to apply before 31st May 2025 and speak to your financial advisor to understand if this fits well with your financial goals. With the trust of SBI and a unique income model this scheme offers peace of mind along with regular income.
