There has been a lot of excitement around the idea that SBI is offering a 36-month FD option with attractive returns for a ₹2 lakh deposit. Many savers are curious whether this is a special new scheme or simply a smart way to use SBI’s existing FD slabs.
Understanding the SBI 36-Month FD Scheme
The talk around a 36-month FD mostly refers to SBI’s existing two to three year fixed-deposit slab. This tenure roughly covers a 24 to 36-month period, which means a three-year FD already exists even if it is not labelled as a separate “special” product.
People are interested because a three-year FD strikes a good balance between safety, predictability and decent returns. For someone depositing ₹2 lakh, it offers a low-risk way to grow money without worrying about market ups and downs.
When the SBI 36-Month FD Option Applies
If you visit an SBI branch or book an FD online, you will find a tenure category titled two years to less than three years. This is the slab where a 36-month deposit falls.
You simply choose a three-year term while booking the FD. The bank applies the interest rate valid for that tenure on the day you deposit.
How the SBI 36-Month FD Works?
To understand the returns, let us take a straightforward example. SBI’s two to three year FD rate for general customers is typically in the mid six percent range. Let us assume an approximate rate of 6.45 percent for clarity.
If you deposit ₹2 lakh for 36 months at around 6.45 percent per year, your maturity amount will be close to ₹2.40 lakh. That means you earn roughly ₹40,000 in interest over the three-year period, depending on compounding and payout preferences.
Here is a quick sample calculation for easy understanding.
| Deposit Amount | Tenure | Approx Rate | Approx Maturity |
|---|---|---|---|
| ₹2,00,000 | 36 months | 6.45 percent | Around ₹2,40,000 |
This makes it a stable, no-surprise investment option for anyone wanting assured returns.
Common Mistakes With the SBI 36-Month FD and How to Avoid Them
A common misunderstanding is assuming it is a brand-new special scheme. In reality, it is simply the standard two to three year FD category that already exists.
Another mistake is not checking the interest rate on the day of deposit. Bank FD rates change from time to time, so you should confirm the current rate before booking.
Many people also break their FD early for short-term needs. Premature withdrawal usually leads to lower interest or penalties, so it is better to choose this tenure only if you can keep the money untouched for the full duration.
Best Tips to Make the Most of the SBI 36-Month FD
Always confirm the interest rate right before booking the FD because rates are revised periodically.
Choose the interest payout option carefully. Reinvestment of interest generally gives higher maturity value compared to monthly or quarterly payouts.
Keep emergency savings separate so you do not need to break the FD early. This helps you enjoy the full benefit of the promised return.
Compare the three-year FD with shorter and longer options. Sometimes a slightly shorter special-tenure FD or a longer three to five year FD might offer a more attractive rate.
Latest Updates to Keep in Mind About SBI FDs
SBI regularly revises its FD rates depending on economic conditions and market interest rates. Recent updates have shown adjustments across multiple tenures, which means the rate you receive today may not be the same a few weeks later.
The bank also introduces special tenure FDs occasionally, such as unique day-based schemes, but these come and go. For a 36-month duration, the standard FD slab remains the consistent option.
Conclusion
The so-called 36-month SBI FD with high returns on a ₹2 lakh deposit is simply the existing two to three year FD offered by the bank. It provides safe, predictable growth and suits anyone looking for a stable three-year parking option.
If you want steady returns without market risks, it is a practical choice. Just remember to verify the interest rate on the day you invest and plan for the full three-year lock-in to avoid penalties or reduced returns.
FAQ
When can I open a 36-month FD with SBI
You can open it anytime by choosing the two to three year tenure category while booking the FD.
What interest rate can I expect for a three-year FD
Rates usually fall in the mid six percent range for general customers but you should always check the current rate before depositing.
Why is this called a new scheme if it already exists
Many people use the phrase 36-month FD casually, which makes it sound like a new scheme even though it fits into SBI’s normal tenure slab.
How much will I get on a ₹2 lakh deposit after 36 months
At roughly 6.45 percent interest, you can expect around ₹2.40 lakh at maturity.
Can I withdraw the FD before 36 months
Yes, but premature withdrawal usually results in lower interest or penalties, so it is best avoided unless absolutely necessary.
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