SBI 666 Days FD Scheme – The State Bank of India (SBI) has reintroduced its popular “666 Days Special Fixed Deposit Scheme,” offering higher-than-usual interest rates for both regular customers and senior citizens. This scheme has gained attention for delivering attractive returns in a short-term investment window, making it an ideal choice for those seeking secure earnings within two years. With the 666-day FD plan, investors can now grow their savings substantially. A ₹4 lakh investment under this scheme can generate significant returns, especially when compared to regular fixed deposits. Here’s everything you need to know.
What is the SBI 666 Days FD Scheme?
SBI’s 666 Days FD Scheme is a limited-period fixed deposit plan designed to offer higher interest rates for a specific tenure. It was first launched in 2023 and brought back in 2025 due to high demand.
- Tenure: 666 days (approximately 1 year and 10 months)
- Interest Rate for General Public: Around 7.10% p.a.
- Interest Rate for Senior Citizens: Around 7.60% p.a.
- Minimum Investment: ₹1,000
- Maximum Limit: No upper cap
- Premature Withdrawal: Allowed with penalty
This FD is ideal for salaried individuals, retirees, and those looking to safely park a lump sum for a relatively short period.
Returns on ₹4 Lakh Investment in SBI 666 Days FD
Here is a detailed calculation of maturity amounts based on current interest rates for both general investors and senior citizens:
General Public – Interest Rate: 7.10% p.a.
| Investment Amount | Tenure | Interest Rate | Interest Earned | Maturity Amount |
|---|---|---|---|---|
| ₹1,00,000 | 666 days | 7.10% | ₹12,832 | ₹1,12,832 |
| ₹2,00,000 | 666 days | 7.10% | ₹25,664 | ₹2,25,664 |
| ₹3,00,000 | 666 days | 7.10% | ₹38,496 | ₹3,38,496 |
| ₹4,00,000 | 666 days | 7.10% | ₹51,328 | ₹4,51,328 |
| ₹5,00,000 | 666 days | 7.10% | ₹64,160 | ₹5,64,160 |
| ₹6,00,000 | 666 days | 7.10% | ₹76,992 | ₹6,76,992 |
| ₹7,00,000 | 666 days | 7.10% | ₹89,824 | ₹7,89,824 |
| ₹8,00,000 | 666 days | 7.10% | ₹1,02,656 | ₹9,02,656 |
Senior Citizens – Interest Rate: 7.60% p.a.
| Investment Amount | Tenure | Interest Rate | Interest Earned | Maturity Amount |
|---|---|---|---|---|
| ₹1,00,000 | 666 days | 7.60% | ₹13,756 | ₹1,13,756 |
| ₹2,00,000 | 666 days | 7.60% | ₹27,512 | ₹2,27,512 |
| ₹3,00,000 | 666 days | 7.60% | ₹41,268 | ₹3,41,268 |
| ₹4,00,000 | 666 days | 7.60% | ₹55,024 | ₹4,55,024 |
| ₹5,00,000 | 666 days | 7.60% | ₹68,780 | ₹5,68,780 |
| ₹6,00,000 | 666 days | 7.60% | ₹82,536 | ₹6,82,536 |
| ₹7,00,000 | 666 days | 7.60% | ₹96,292 | ₹7,96,292 |
| ₹8,00,000 | 666 days | 7.60% | ₹1,10,048 | ₹9,10,048 |
Who Should Consider This FD Scheme?
The SBI 666 Days FD Scheme is especially beneficial for the following categories of investors:
- Senior citizens looking for better returns with high safety.
- Salaried individuals with surplus funds for short-term investments.
- Retired professionals planning for stable income generation.
- Conservative investors who avoid market risks.
Features and Benefits of SBI 666 Days FD
- Assured returns with zero market volatility
- Higher interest rates than standard FDs
- Senior citizen benefit of extra 0.50% interest
- Premature withdrawal and loan facility available
- Tax deducted at source (TDS) applicable beyond ₹40,000 interest (₹50,000 for seniors)
How to Open SBI 666 Days Fixed Deposit?
Opening an SBI 666 Days FD is simple and can be done both online and offline:
Online Process
- Log in to the SBI YONO app or Net Banking
- Go to ‘Fixed Deposits’ section
- Choose the ‘Special Tenure – 666 Days’ option
- Enter amount and nominee details
- Confirm and submit
Offline Process
- Visit the nearest SBI branch
- Ask for the 666 Days FD form
- Submit KYC documents and PAN
- Deposit the amount and collect FD receipt
Interest Payment and Taxation Rules
- Interest is compounded quarterly and paid at maturity.
- TDS is applicable as per the Income Tax Act.
- Submit Form 15G/15H to avoid TDS if income is below taxable limit.
TDS Deduction Thresholds:
| Category | Interest Limit (No TDS) | Form Required |
|---|---|---|
| General Public | ₹40,000 | Form 15G |
| Senior Citizens | ₹50,000 | Form 15H |
Should You Invest in SBI 666 Days FD?
If you are seeking a secure investment with guaranteed income and don’t want to risk your capital in volatile markets, this FD is an excellent short-term plan. With better returns than regular savings and FD rates, this limited-time offer can help you plan your finances better. However, compare it with alternatives like post office schemes, senior citizen savings schemes (SCSS), or debt mutual funds based on your tax situation and liquidity needs.
The SBI 666 Days FD Scheme offers one of the best short-term fixed return options in 2025. With a generous interest rate of up to 7.60%, flexible deposit limits, and easy online access, it caters to both young earners and senior investors. A ₹4 lakh investment in this plan could fetch you over ₹55,000 in interest without any market risk—making it a reliable option for wealth preservation and low-risk growth.
FAQs
Q1. What is the current interest rate for SBI 666 Days FD in 2025?
The interest rate is 7.10% for general investors and 7.60% for senior citizens.
Q2. Can I withdraw my money before maturity?
Yes, premature withdrawal is allowed, but a penalty of 0.50%-1% may apply on the interest.
Q3. Is there any upper limit for investment in this FD?
No, there is no upper limit. You can invest any amount starting from ₹1,000.
Q4. Is the SBI 666 Days FD available for NRI customers?
No, this special FD scheme is currently not available for NRI customers.
Q5. How can I avoid TDS on my FD interest income?
If your total income is below the taxable limit, submit Form 15G (for regular investors) or Form 15H (for senior citizens) to avoid TDS.