The SBI Tax Saver FD 2025 remains one of the most popular fixed deposit schemes for investors seeking safe returns along with tax benefits under Section 80C of the Income Tax Act. Offered by the State Bank of India, this scheme has a mandatory 5-year lock-in period, making it ideal for long-term savers looking to reduce taxable income while earning assured interest.
SBI Tax Saver FD Interest Rates 2025
SBI offers competitive interest rates on Tax Saver FDs, with higher benefits for senior citizens. As of now, the rates are:
Investor Category |
Interest Rate |
|---|---|
Regular Citizens |
6.80% p.a. |
Senior Citizens |
7.30% p.a. |
Interest is compounded quarterly and can be paid on a monthly, quarterly, or annual basis, depending on the investor’s preference.
Key Features of SBI Tax Saver FD 2025
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Lock-in Period: 5 years, no premature withdrawal allowed.
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Minimum Deposit: ₹1,000 (in multiples thereof).
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Maximum Deposit: ₹1.5 lakh per financial year.
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Tax Benefit: Deduction of up to ₹1.5 lakh under Section 80C.
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Mode of Holding: Single or joint (tax benefit applicable to first holder only).
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Nomination Facility: Available at the time of account opening.
Benefits of SBI Tax Saver FD
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Tax Savings + Guaranteed Returns: Dual benefit of assured earnings and tax deduction.
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High Safety: Backed by India’s largest public sector bank.
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Higher Rates for Seniors: Extra 0.50% interest over regular rates.
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Flexible Payouts: Option for monthly/quarterly/annual interest.
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Easy to Open: Available through SBI branches, internet banking, and YONO app.
Eligibility for SBI Tax Saver FD 2025
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Resident individuals
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Hindu Undivided Families (HUFs)
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Joint accounts (tax benefits apply only to first holder)
How to Open SBI Tax Saver FD
Online:
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Log in to SBI Net Banking or YONO SBI app
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Choose “Fixed Deposit” → “Tax Saver FD” option
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Select tenure (5 years), deposit amount, and payout preference
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Confirm and complete the transaction
Offline:
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Visit your nearest SBI branch
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Fill in the Tax Saver FD application form
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Submit ID proof, address proof, and deposit amount
Important Rules to Remember
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Premature withdrawal and loans against this FD are not allowed during the lock-in.
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Interest earned is taxable as per the depositor’s income slab.
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TDS is applicable if annual interest exceeds ₹40,000 (₹50,000 for seniors).
Example of Returns
If a regular citizen invests ₹1.5 lakh in SBI Tax Saver FD for 5 years at 6.80% p.a., the maturity amount will be approximately ₹2.09 lakh. For a senior citizen at 7.30% p.a., the maturity will be around ₹2.12 lakh.
FAQs
What is the lock-in period for SBI Tax Saver FD?
It has a mandatory lock-in period of 5 years.
Can I withdraw my SBI Tax Saver FD before maturity?
No, premature withdrawals are not allowed.
How much tax benefit can I claim under SBI Tax Saver FD?
You can claim up to ₹1.5 lakh under Section 80C in a financial year.
Do senior citizens get higher interest rates?
Yes, they receive an additional 0.50% interest.
Can I open this FD online?
Yes, it can be opened through SBI Net Banking or the YONO app.
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