Secret SBI FD Scheme: Earn ₹6,000 Monthly Without Risk with SBI’s Latest ₹2.2 Lakh FD Plan!
Imagine this: you invest ₹2.2 lakh once and receive around ₹6,000 every month, like clockwork. No market risks. No sleepless nights. Just steady income and full capital protection. Sounds too good to be true? Let’s decode it.
The Secret SBI FD Scheme – What’s It All About?
SBI’s latest Monthly Income FD Scheme is designed for those who want monthly payouts from their interest instead of waiting until maturity. Unlike standard FDs where the interest accumulates and is paid at the end of the term, this scheme credits the interest directly to your savings account every month.
This product works best for individuals seeking a reliable income stream, such as pensioners, low-risk investors, and people planning secondary income from idle funds.
Key Features of SBI’s Monthly Income FD
Here’s why this FD plan is drawing attention across India:
- Monthly Payout of ₹6,000 (Approx.): A one-time investment of ₹2.2 lakh can earn you around ₹6,000 monthly at prevailing interest rates of 7%–7.25% annually.
- Flexible Tenures: You can choose from 36 months to 120 months (3 to 10 years), based on your financial goals.
- Guaranteed Returns: Your principal stays safe, and returns are unaffected by market volatility.
- Senior Citizen Benefits: Additional 0.50% interest for investors aged 60+, increasing monthly income potential.
- Loan Against FD: Need urgent cash? You can avail a loan without breaking your deposit.
- Auto-Renewal & Nomination: Hassle-free renewal and nominee setup for long-term peace of mind.
- Simple Entry Requirements: PAN, Aadhaar, and KYC documents are all you need.
Note: The ₹6,000 figure is an estimate and varies based on the bank’s current interest rates. Always check with your nearest SBI branch or app for real-time rates.
SBI FD vs Other Investment Options
When compared to other income-generating instruments, this scheme offers a rare blend of security and steady returns.
| Investment Option | Monthly Return Potential | Risk Level | Liquidity |
| SBI Monthly Income FD | ₹6,000 (Approx.) | Very Low | Moderate |
| Post Office MIS | Slightly Lower | Very Low | Moderate |
| Debt Mutual Funds | Variable (5–8%) | Medium | High (Exit loads may apply) |
| Equity Mutual Funds | Potentially Higher | High | High |
| Real Estate (Rent) | Variable + Maintenance | Medium | Low |
This FD plan is ideal for investors who prioritize capital safety and a fixed monthly income over higher but riskier returns.
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How to Invest in SBI’s ₹2.2 Lakh Monthly Income FD
Getting started is easy—SBI offers both offline and online channels to open this FD.
Here’s a step-by-step guide:
- Visit an SBI Branch or log in to SBI’s NetBanking or YONO app.
- Choose the Fixed Deposit Option and select “Monthly Payout” as the interest frequency.
- Enter Deposit Amount (₹2.2 lakh) and pick a suitable tenure (ideally 3–5 years for optimal returns).
- Provide KYC Documents: PAN card, Aadhaar, and photographs.
- Add a Nominee: Secure your FD by assigning a legal nominee.
- Submit & Fund the FD: Via transfer, cheque, or cash deposit.
The entire process can take just 10–15 minutes online.
Why This FD Scheme Is Ideal for Conservative Indian Investors
Still wondering why so many Indians are eyeing this plan? Let’s recap the benefits:
- ✅ Zero Market Risk – Unlike stocks or mutual funds.
- ✅ Regular Income – Helps with monthly budgeting, especially for senior citizens.
- ✅ No Age Bar – Anyone can invest, with extra perks for seniors.
- ✅ Trusted Brand – SBI is India’s largest and most reliable public sector bank.
- ✅ Tax Planning – TDS applicable above ₹40,000 (₹50,000 for seniors), but Form 15G/H can help reduce tax burden.
If you’ve been wary of investing due to market volatility or don’t want to rely on low savings account interest, this FD offers a solid middle ground.
Frequently Asked Questions
Q1. How does SBI calculate ₹6,000 monthly on ₹2.2 lakh?
A: At an annual rate of around 7.25%, monthly interest is roughly ₹6,000. It may vary slightly based on tenure and current RBI guidelines.
Q2. Is premature withdrawal allowed?
A: Yes, but it comes with a penalty of around 0.5%–1% on the applicable interest rate.
Q3. What about TDS?
A: TDS is deducted if your annual interest exceeds ₹40,000 (₹50,000 for seniors). Submit Form 15G or 15H to avoid deduction, if eligible.
Q4. Can I invest more than ₹2.2 lakh?
A: Absolutely. Higher deposits will yield proportionally higher monthly returns.
Q5. Can NRIs invest in this plan?
A: Yes, NRIs can invest through NRO FD accounts. However, different tax rules may apply.
Final Thoughts
If your goal is to earn a fixed, stress-free monthly income, and you prefer the safety of a government-backed bank, this SBI FD plan is worth your consideration. It bridges the gap between savings accounts and riskier market-linked investments, offering the perfect balance of income and safety.
Whether you’re planning for retirement, supporting a dependent, or just want your money to work a little harder each month—this scheme is a practical and reliable tool.