In today’s fast-paced world, financial security for your family is a top priority. If you’re looking for a safe and rewarding investment in your wife’s name, State Bank of India’s Fixed Deposit (FD) is a trusted choice. Not only does it protect your capital, but it also offers guaranteed returns with attractive interest rates.
Wondering how much your wife will get after investing ₹2,22,222 in an SBI FD for 2 years? Let’s break it down with a simple calculation, benefits, and key features to help you make the best financial decision.
SBI FD Interest Rates 2025 Calculation (Latest Update)
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 1-2 Years | 7.00% | 7.50% |
| 2-3 Years | 7.00% | 7.50% |
| 3-5 Years | 6.75% | 7.25% |
Why Choose an SBI Fixed Deposit in Your Wife’s Name?
- 100% Safe & Government-Backed – No market risks, guaranteed returns.
- Higher Interest for Senior Citizens – Extra benefits for elders.
- Flexible Tenure – Choose from 7 days to 10 years.
- Loan Against FD – Get up to 90% of the deposit amount in emergencies.
- Tax Benefits – Save under Section 80C with tax-saving FDs.
- Easy Online Management – Open, track, and renew FDs digitally.
How Much Will ₹2,22,222 Grow in 2 Years?
If you invest ₹2,22,222 in an SBI FD for 2 years at 7.00% p.a. (quarterly compounding), here’s what you’ll earn:
- Principal Amount: ₹2,22,222
- Interest Earned: ₹33,500 (approx.)
- Maturity Value: ₹2,55,722
Start Earning with New Schemes Offering Up to 7.5% Interest
How to Open an SBI FD in Your Wife’s Name?
- Visit SBI Branch/Online – Use NetBanking or YONO App.
- Fill FD Application – Provide nominee details (if required).
- Choose Tenure & Interest Payout – Monthly/Quarterly/Cumulative.
- Submit KYC Documents – Aadhaar, PAN, and passport-size photo.
- Deposit Amount – Minimum ₹1,000 (no upper limit).