SBI FD Scheme: Turn Your Wife into a Wealth Creator — Earn ₹2.29 Lakh on ₹2 Lakh in Just 2 Years
New Delhi If you’re planning to grow your family’s financial security smartly, investing in your wife’s name through a Fixed Deposit (FD) at State Bank of India (SBI) could be a wise move. With interest rates as high as 7%, SBI’s 2-year FD offers low-risk returns with guaranteed growth, ideal for those looking for short-term wealth creation.
Let’s break down how this investment can help your spouse — and your family — build a solid financial foundation.
SBI FD Scheme Key Highlights
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Bank: State Bank of India (SBI)
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Tenure: 2 years
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Minimum Investment: ₹1,000 (no upper limit)
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Interest Rate:
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7.00% for general citizens
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7.50% for senior citizens
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FD Returns on ₹2 Lakh Investment (2-Year Tenure)
| Category | Principal Amount | Interest Earned | Total Maturity Amount |
|---|---|---|---|
| General Citizen | ₹2,00,000 | ₹29,776 | ₹2,29,776 |
| Senior Citizen | ₹2,00,000 | ₹32,044 | ₹2,32,044 |
This means your wife can earn nearly ₹30,000 in just 24 months, completely risk-free, with the power of compounding.
Why Invest in FD in Your Wife’s Name?
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Tax Planning: Strategic financial planning in a spouse’s name can reduce taxable income (consult a tax advisor).
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Financial Security: Ensures a dedicated savings pool for your partner.
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Peace of Mind: FDs are safe and stable compared to market-linked investments.
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Women’s Empowerment: Encourages independent savings and long-term wealth building.
How to Open an FD in Your Wife’s Name?
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Visit SBI Branch or Use YONO App
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Choose Fixed Deposit > Term Deposit
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Enter details: tenure, amount, and payout frequency (monthly/quarterly/at maturity)
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Submit KYC documents (Aadhaar, PAN, etc.)
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Confirm and fund the FD — done!
Important Note
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The interest earned is taxable, and TDS may apply if annual interest exceeds ₹40,000 (₹50,000 for senior citizens).
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Always check current rates and use an FD calculator for accurate planning.
Final Takeaway
With guaranteed returns, high interest, and zero market risk, SBI’s FD in your wife’s name is not just a thoughtful gift but also a smart financial strategy. It’s a perfect combination of safety, stability, and savings — ideal for couples looking to build their future one step at a time.
