SBI Fixed Deposit : What is The Return if I Invest Rs 5 Lakh For 1 to 10 Years? – Comprehensive Guide

SBI Fixed Deposit

Fixed deposits (FDs) in Indian banks, particularly those offered by the State Bank of India (SBI), are considered among the safest investment options. The robust regulatory framework by the Reserve Bank of India (RBI) and the assurance of guaranteed returns without market volatility make fixed deposits an attractive choice for investors. As of the latest estimates, a substantial portion of the Indian investment landscape, amounting to 103 trillion rupees, is held in fixed deposits, with a considerable concentration in public sector banks and major private banks such as SBI, HDFC Bank, and ICICI Bank.

SBI Fixed Deposit Interest Rates

SBI, being the largest public sector bank in the country, periodically revises its fixed deposit interest rates. The most recent adjustment, as of 15 February 2023, places SBI’s fixed deposit interest rates in the range of 3% to 7.10% for deposit periods ranging from 7 days to 10 years. Notably, SBI offers an interest rate of 6.80% for tenors less than 1 year to 2 years, 7% for tenors from 2 years to less than 3 years, and 6.50% for tenors spanning 3 years to 10 years.

Also Read…. SBI Fixed Deposit…. SBI’s Special Fixed Deposit Schemes

For senior citizens, SBI provides additional benefits. Under the VeCare Fixed Deposit scheme, senior citizens enjoy a higher interest rate of 7.50% for tenors ranging from 5 years to 10 years. Furthermore, senior citizens receive an extra 0.50% interest compared to regular depositors for all other tenures.

Returns for Regular Investors

Let’s delve into the potential returns for regular investors based on different investment periods:

  • 1 Year Investment: If an individual invests Rs 5 lakh for one year at an interest rate of 5.75%, they can expect to withdraw Rs 5,29,376 at the end of the term.
  • 2 Year Investment: For a 2-year investment, with an interest rate of 6.80%, the maturity amount would be Rs 5,72,187.
  • 3 Year Investment: Investing Rs 5 lakh for 3 years at a 7% interest rate would yield a maturity amount of Rs 6,15,720.
  • 5 Year Investment: A fixed deposit of Rs 5 lakh for 5 years would accumulate to Rs 6,90,210.
  • 10 Year Investment: For a more extended period of 10 years, the investment of Rs 5 lakh would grow to an impressive Rs 9,52,779.

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Returns for Senior Citizens

Senior citizens enjoy additional benefits, receiving an extra 0.50% interest compared to regular investors. Here are the returns for senior citizens based on various investment periods:

  • 1 Year Investment: For a one-year investment of Rs 5 lakh, senior citizens would receive Rs 5,31,990.
  • 2 Year Investment: A 2-year investment would result in a maturity amount of Rs 5,77,837.
  • 3 Year Investment: Senior citizens investing Rs 5 lakh for 3 years would receive Rs 6,24,858.
  • 5 Year Investment: The maturity amount for a 5-year investment would be Rs 7,07,389.
  • 10 Year Investment: Over a 10-year period, the investment of Rs 5 lakh would double, resulting in a substantial Rs 10,51,175.


In conclusion, SBI fixed deposit offerings present a secure and potentially lucrative investment option for both regular investors and senior citizens. The varied interest rates based on different tenures cater to diverse investment preferences, providing individuals with the flexibility to align their fixed deposits with their financial goals. Whether seeking short-term gains or planning for long-term financial security, SBI’s fixed deposit schemes stand as a reliable choice in the ever-evolving landscape of financial investments in India.

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