SBI Weekly FD Plan : The State Bank of India (SBI) has launched a sensational new Fixed Deposit (FD) plan that’s turning heads across the country. Promising weekly returns of up to ₹8,000, this limited-period scheme is available only until 31st May 2025. With interest rates peaking and depositors eager for secure investment avenues, this new SBI FD offer comes at the perfect time for risk-averse investors seeking high, consistent returns.
Let’s dive into the details of this exclusive offer and how you can take full advantage before it ends.
What is SBI’s Weekly FD Plan?
SBI’s Weekly FD Plan is a newly-introduced short-term fixed deposit scheme that pays interest returns on a weekly basis. Unlike traditional FDs that accumulate interest over months or years, this plan credits your earnings every 7 days directly to your linked savings account.
Here’s what makes this FD plan special:
- Guaranteed weekly payout of up to ₹8,000
- Flexible investment options starting from ₹2 lakh
- Limited-time availability until 31st May 2025
- Higher interest rates compared to regular FDs
- Ideal for retirees, freelancers, and anyone needing weekly income
Key Features of SBI’s Weekly FD Scheme
This weekly FD scheme has been designed with both flexibility and profitability in mind. Below are the major highlights:
- Minimum Investment: ₹2,00,000
- Maximum Investment: ₹50,00,000
- Interest Payout Frequency: Weekly (every 7 days)
- Tenure Options: 12, 18, and 24 months
- Interest Rates: 7.25% to 8.10% per annum (subject to tenure and amount)
- Eligibility: Indian residents with KYC-compliant SBI accounts
- Early Withdrawal: Allowed with nominal penalty
- Senior Citizen Benefit: Additional 0.50% interest
SBI Weekly FD Interest Rate Chart – 2025
Here’s a breakdown of the interest rates applicable based on investment duration and customer category:
| Tenure | General Rate | Senior Citizen Rate | Weekly Payout (₹) on ₹5 Lakh | Total Interest (Annual) |
|---|---|---|---|---|
| 12 months | 7.25% | 7.75% | ₹6,971 | ₹37,700 |
| 18 months | 7.50% | 8.00% | ₹7,212 | ₹54,000 |
| 24 months | 7.75% | 8.25% | ₹7,452 | ₹74,500 |
| 24 months | 8.10% (₹10L+) | 8.60% | ₹8,076 | ₹84,400 |
| 12 months | 7.25% | 7.75% | ₹2,788 (on ₹2L) | ₹15,080 |
| 18 months | 7.50% | 8.00% | ₹4,327 (on ₹3L) | ₹28,200 |
| 24 months | 8.10% (₹10L+) | 8.60% | ₹12,114 (on ₹7.5L) | ₹1,05,200 |
How to Apply for SBI’s Weekly FD Plan?
Opening this FD is straightforward and can be done online or offline. Here’s how:
Online Application Process:
- Log in to your SBI NetBanking or YONO App
- Navigate to the ‘Fixed Deposit’ section
- Select ‘Weekly FD Plan’ under special deposit schemes
- Choose tenure, input deposit amount, and select payout frequency
- Confirm and authorize transaction
Offline Process:
- Visit your nearest SBI branch
- Ask for the Weekly FD Application Form
- Submit form with KYC documents and cheque or cash deposit
- Receive acknowledgment and start earning weekly returns
Benefits of SBI’s Weekly FD for Regular Investors
This scheme caters especially to those seeking regular income while avoiding the risks of volatile markets. Key benefits include:
- Weekly liquidity: Great for meeting weekly expenses
- Better than savings account: Higher returns and regular payouts
- No market risk: Fully protected investment
- Senior citizen friendly: Extra interest makes it ideal for retirees
- Tax planning: Can be aligned with your annual tax-saving strategies
Who Should Consider This Scheme?
This FD plan suits a variety of investors depending on their financial needs and income preferences. Consider this plan if you are:
- A retired individual who needs a weekly pension-like income
- A freelancer or self-employed professional without regular salary
- A housewife or homemaker looking to support household expenses weekly
- An investor who prefers safe, bank-backed instruments
- Anyone looking to diversify and park funds short-term with regular returns
Documents Required to Open the FD
Ensure you have the following documents handy before applying:
- Valid PAN Card
- Aadhaar Card or any government-issued photo ID
- Address Proof (utility bill, Aadhaar, voter ID)
- Recent passport-sized photograph
- Existing SBI account with updated KYC
Sample Earnings from SBI Weekly FD
Let’s look at some sample earnings for different investment amounts under this scheme:
| Investment Amount | Weekly Payout (Approx) | Annual Return (Approx) | Tenure |
|---|---|---|---|
| ₹2,00,000 | ₹2,788 | ₹15,080 | 12 months |
| ₹3,00,000 | ₹4,327 | ₹28,200 | 18 months |
| ₹5,00,000 | ₹7,212 | ₹54,000 | 18 months |
| ₹7,50,000 | ₹12,114 | ₹1,05,200 | 24 months |
| ₹10,00,000 | ₹8,076 | ₹84,400 | 24 months |
Note: Actual weekly payouts may vary slightly depending on bank’s compounding formula and TDS deductions.
Important Dates and Deadline
This lucrative SBI FD plan is only available until 31st May 2025, so investors are encouraged to act fast. Slots may be limited due to high demand.
- Scheme Launch Date: 1st April 2025
- Last Date to Apply: 31st May 2025
- Offer Validity: Subject to fund availability and RBI approval
Should You Invest?
If you’re looking for a high-return, low-risk investment that pays you weekly, SBI’s Weekly FD Plan is a golden opportunity. It offers the perfect blend of safety, liquidity, and returns—especially for those who prefer passive income.
Given its limited-time availability and attractive features, it’s highly advisable to evaluate your investment capacity and consider locking in funds before 31st May 2025.
This article is for informational purposes only. Interest rates and features mentioned are subject to change as per SBI’s discretion and RBI regulations. Please consult your financial advisor or SBI branch before making any investment decisions.
How much can you earn weekly with SBI's special FD plan?
₹8,000.
When does SBI's special FD plan offer end?
31st May 2025.
What is the minimum investment required for SBI's shocking weekly FD plan?
Investment starts at ₹50,000.
What is the interest rate offered by SBI's weekly FD plan?
Interest rate varies, check SBI's website for current details.
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