Put ₹2,22,222 in SBI FD Under Wife’s Name – See the Shocking 2-Year Return Most People Don’t Know About!

SBI FD Investment Guide : In an era of rising financial awareness, investing wisely has become more crucial than ever—especially when it comes to securing the future of your family. One such smart move is putting money in a Fixed Deposit (FD) under your spouse’s name. Particularly, State Bank of India’s (SBI) fixed deposit scheme offers an attractive return on a ₹2,22,222 investment over just 2 years. Here’s everything you need to know about this strategic financial opportunity.

SBI FD Investment Guide: Why Choose SBI Fixed Deposit in Wife’s Name?

Putting an FD in your wife’s name isn’t just a thoughtful gesture—it’s a smart financial strategy. SBI offers competitive interest rates, and investing under a spouse’s name may lead to potential tax benefits, depending on your income and tax slab.

Key Benefits:

• Reliable returns without market risks
• Flexible tenure options
• Potential tax planning benefits
• Senior citizen benefits, if applicable
• Automatic renewal and premature withdrawal options

SBI FD Interest Rates 2025 – What You’ll Get

State Bank of India’s FD interest rates vary based on tenure and investor category. Here’s a look at the latest expected rates in 2025:

Tenure	General Rate (p.a.)	Senior Citizen Rate (p.a.)
1 year	6.80%	7.30%
2 years	7.00%	7.50%
3 years	6.75%	7.25%
5 years	6.50%	7.00%
Tax Saver (5Y)	6.50%	7.00%
Bulk FD >₹2Cr	6.00%–6.25%	Not Applicable
Special 400D	7.10%	7.60%

Note: These rates are indicative and may vary slightly based on RBI guidelines and bank policies.

2-Year SBI FD Return on ₹2,22,222

Assuming you invest ₹2,22,222 for 2 years at an annual interest rate of 7.00% under a general scheme, here’s what you can expect:

Particulars	Amount (₹)
Investment Amount	₹2,22,222
Interest Rate	7.00% p.a.
Tenure	2 Years
Interest Earned (Approx.)	₹32,440
Total Maturity Amount	₹2,54,662

For senior citizens, at 7.50%, the maturity amount increases to approximately ₹2,56,764.

Taxation on SBI FD – What to Keep in Mind

While FD returns are guaranteed, the interest earned is fully taxable. However, putting the FD in your wife’s name can help manage your taxable income strategically, depending on her individual tax status.

Tax Facts:

• Interest above ₹40,000 (₹50,000 for senior citizens) attracts TDS at 10%
• If your spouse has no income, Form 15G/15H can be submitted to avoid TDS
• Tax filing must include interest income for compliance

Should You Opt for Monthly, Quarterly, or Cumulative FD?

SBI offers three payout modes:

• Cumulative FD – Ideal for long-term wealth building
• Monthly Interest Payout – Suitable for regular income needs
• Quarterly Interest Payout – Balanced between earnings and compounding

Depending on your wife’s financial needs, the payout mode can be chosen wisely to suit household budgeting or savings goals.

How to Open an SBI FD in Wife’s Name?

Opening an FD in your wife’s name is simple and can be done online or offline:

Steps to Open Online:

• Log in to SBI net banking
• Go to Fixed Deposit > New Deposit
• Select ‘Cumulative’ or ‘Payout’
• Enter deposit amount: ₹2,22,222
• Select tenure: 2 years
• Choose account holder (your wife)
• Confirm and submit

Documents Needed:

• PAN card
• Aadhaar card
• Address proof
• Marriage proof (if account linkage needed)

Pros and Cons of This FD Strategy

Pros:

• Stable and predictable returns
• Helps in tax diversification
• Useful for short-term financial goals
• SBI’s credibility ensures capital safety

Cons:

• Interest fully taxable
• No liquidity until maturity (unless broken with penalty)
• Inflation may erode real returns

Investing ₹2,22,222 in an SBI FD under your wife’s name for 2 years is a smart, safe, and potentially tax-efficient way to grow your money. While it may not beat high-risk market-linked investments, the peace of mind and guaranteed returns make it a solid option—especially for conservative investors or those planning for near-future family expenses.

The interest rates and return figures used in this article are based on expected or indicative values as of early 2025. Please check with your nearest SBI branch or the official website for the latest updates. Consult with a financial advisor for personalized investment strategies.