Secret SBI FD Scheme – In a surprising move, the State Bank of India (SBI) has launched a high-return Fixed Deposit (FD) investment opportunity for regular savers. With this hidden scheme, depositing just ₹2.2 lakh before 30 July 2025 could earn you ₹6,000 every month – without even having to break your FD. This scheme is gaining popularity among senior citizens and middle-class families looking for a steady, tax-efficient monthly income backed by a government-owned bank. Let’s explore how this plan works, who is eligible, how to apply, and how you can start earning a guaranteed income without risk.
What Is the Secret SBI FD Scheme?
This special SBI FD strategy is not a separate official scheme, but rather a smart way of combining SBI’s standard fixed deposit with a monthly income plan. Investors deposit ₹2.2 lakh into a long-term FD, and instead of opting for cumulative interest, they choose the Monthly Interest Payout option. This way, your principal remains safe, and the interest is credited to your account every month – offering guaranteed monthly income, just like a pension.
Key Features:
- Deposit: ₹2.2 lakh (or more)
- Payout: ₹6,000 monthly
- Tenure: 5 to 10 years
- Interest Type: Monthly Payout
- Tax: TDS applicable if annual interest exceeds ₹40,000 (₹50,000 for seniors)
- Safety: 100% safe under SBI, India’s largest PSU bank
SBI Monthly Income FD: Eligibility & Who Can Apply
This FD-based plan is ideal for conservative investors who want a steady income without exposing their money to market risks. Here’s who can apply:
Eligible Applicants:
- Senior citizens (get higher interest rates)
- Salaried individuals
- Retired employees
- Housewives looking for passive income
- Small business owners
Documents Required:
- Aadhaar Card
- PAN Card
- Passport-size photo
- SBI savings account details
- Address proof
SBI FD Interest Rates 2025: What You’ll Earn
Below is a table showing how much interest you can earn monthly on different amounts if you invest under SBI’s Monthly Interest Payout option. These are estimated based on SBI’s current FD rates (6.5%-7.5%):
| Deposit Amount | Tenure | Interest Rate | Monthly Income | Annual Income |
|---|---|---|---|---|
| ₹2,20,000 | 5 years | 6.50% | ₹1,191 | ₹14,292 |
| ₹2,20,000 | 10 years | 7.00% | ₹1,283 | ₹15,396 |
| ₹3,50,000 | 10 years | 7.00% | ₹2,041 | ₹24,492 |
| ₹5,00,000 | 10 years | 7.25% | ₹3,020 | ₹36,240 |
| ₹8,00,000 | 10 years | 7.25% | ₹4,832 | ₹57,984 |
| ₹10,00,000 | 10 years | 7.50% | ₹6,250 | ₹75,000 |
| ₹15,00,000 | 10 years | 7.50% | ₹9,375 | ₹1,12,500 |
| ₹20,00,000 | 10 years | 7.50% | ₹12,500 | ₹1,50,000 |
How to Apply for SBI Monthly Income FD Scheme?
You can start this plan both online and offline. It’s quick, paperless, and requires minimal documentation.
Online Application Process:
- Log in to SBI Net Banking or YONO App
- Select “Fixed Deposit” > “Monthly Interest Payout”
- Enter amount (minimum ₹2.2 lakh)
- Select tenure: 5–10 years
- Choose payout frequency: Monthly
- Confirm & submit
Offline Process:
- Visit nearest SBI branch
- Fill the FD application form
- Choose “Non-Cumulative FD with Monthly Interest”
- Submit documents
- Receive confirmation & deposit receipt
Why Choose SBI FD for Monthly Income?
This FD strategy is perfect for those who want to earn predictable income while ensuring full capital safety. Here’s why it’s trending in 2025:
Benefits:
- Monthly income up to ₹6,000
- No risk of loss or market volatility
- High trust & credibility of SBI
- Safe even for large deposits
- Easy to start via app or branch
- Good for senior citizens and homemakers
Caution:
- TDS applies if yearly interest exceeds ₹40,000 (₹50,000 for senior citizens)
- FD interest is taxable as per income slab
- Breaking FD early may reduce interest rate and attract penalty
Compare SBI FD Income with Other Options
Here’s a table comparing this SBI FD income plan with similar monthly income options available in India:
| Investment Option | Safety | Monthly Return | Lock-in Period | Tax-Free? |
|---|---|---|---|---|
| SBI Monthly FD | Very High | ₹6,000 | 5-10 Years | No |
| Senior Citizen Savings Scheme | High | ₹7,000–₹8,000 | 5 Years | No |
| Post Office MIS | High | ₹5,800–₹6,200 | 5 Years | No |
| Monthly Income Mutual Fund | Medium | Varies | Flexible | No |
| Rental Property (₹10L+) | Medium | ₹7,000–₹10,000 | Long-Term | No |
Final Date to Invest: 30 July 2025
SBI has limited-time offers on certain FD tenures until 30 July 2025. If you want to lock in a high interest rate and secure your monthly income, this is the best time to invest.
Ensure you make the deposit before the deadline to avail full benefits and begin receiving monthly payouts from August onwards.
The SBI Monthly Interest FD strategy is a low-risk, high-trust option for anyone seeking stable monthly income without touching the principal. With a simple ₹2.2 lakh deposit, investors can earn close to ₹6,000 per month while keeping their funds 100% safe under the SBI umbrella. This is especially valuable for senior citizens, homemakers, or anyone planning early retirement.
If you’re looking for a reliable, no-stress income plan – act before 30 July and secure your fixed monthly returns today!
Frequently Asked Questions (FAQs)
Q1. Can I withdraw my FD before maturity?
Yes, you can withdraw early, but it may reduce your interest rate and attract a small penalty depending on tenure.
Q2. Is this a government scheme or a regular SBI plan?
This is a smart investment method using SBI’s regular FD options, not a separate government scheme.
Q3. Will I get exactly ₹6,000 every month?
₹6,000 is an approximate value based on ₹2.2 lakh deposit at current interest rates. The exact amount depends on tenure and rates at time of deposit.
Q4. Is the monthly income tax-free?
No, interest earned is taxable under your regular income slab. However, senior citizens can get TDS exemption up to ₹50,000 annually.
Q5. Can I invest more than ₹2.2 lakh in this plan?
Yes, there’s no upper limit. You can invest ₹5 lakh, ₹10 lakh or more and get proportionally higher monthly income.