Looking for a stress-free and guaranteed way to earn money every week? The State Bank of India (SBI) has launched an exclusive fixed deposit plan that offers a fixed weekly income of ₹8,000—a dream for anyone craving financial stability without the uncertainties of the stock market. But there’s a catch — this offer is valid only till 31st May 2025.
So, if you’re a conservative investor, a retiree, or someone planning for regular income streams, here’s everything you need to know about SBI’s Special FD Plan.
What is the SBI Special FD Plan?
Unlike regular fixed deposits that pay interest quarterly or annually, SBI’s Special FD Plan is designed to credit a fixed income every single week. Yes, every week, you’ll see Rs.8,000 deposited directly into your linked SBI account. This structured payout is ideal for those who need a consistent cash flow, whether for monthly bills or additional financial cushion.
Key Highlights at a Glance
- Weekly Income: ₹8,000 credited every week
- Minimum Investment: ₹10 lakh
- Tenure Options: 3, 5, 7, and 10 years
- Interest Rate: Attractive and higher than regular FDs
- Deadline to Apply: 31st May 2025
- Eligibility: Individuals, NRIs (in some cases), and senior citizens
- Security: 100% safe investment backed by SBI
This limited-time scheme combines the security of traditional FDs with the convenience of a weekly income model.
Eligibility and Investment Criteria
Before you rush to invest, make sure you meet these basic requirements:
| Criteria | Details |
|---|---|
| Minimum Deposit Amount | ₹10,00,000 |
| Weekly Income | ₹8,000 |
| Effective Annual Yield | ~4.16% to 6.75% (based on tenure) |
| Minimum Age | 18 years |
| Eligible Investors | Individuals, Senior Citizens, NRIs (select) |
| Tenure Options | 3, 5, 7, and 10 years |
| Payout Mode | Weekly credit to linked SBI account |
| Application Deadline | 31st May 2025 |
How Much Do You Need to Invest?
To earn a fixed ₹8,000 per week, you’ll need to invest a specific amount based on the tenure and interest rate. Here’s an estimate of the returns:
| Investment Amount (₹) | Weekly Return (₹) | Approx Interest Rate | Tenure |
|---|---|---|---|
| ₹10,00,000 | ₹8,000 | 6.75% (approx) | 10 Years |
| ₹8,00,000 | ₹6,400 | 6.50% (approx) | 7 Years |
| ₹6,00,000 | ₹4,800 | 6.25% (approx) | 5 Years |
| ₹5,00,000 | ₹4,000 | 6.10% (approx) | 5 Years |
| ₹4,00,000 | ₹3,200 | 5.80% (approx) | 3 Years |
| ₹3,00,000 | ₹2,400 | 5.50% (approx) | 3 Years |
| ₹2,00,000 | ₹1,600 | 5.00% (approx) | 3 Years |
| ₹1,00,000 | ₹800 | 4.50% (approx) | 3 Years |
Why Choose SBI’s Special FD Plan?
SBI is not just any bank — it’s India’s most trusted financial institution, with a massive rural and urban network. Here’s why this FD plan is turning heads:
- Consistent Weekly Income: Ideal for pensioners, homemakers, or freelancers
- Zero Market Risk: Unlike mutual funds or equities
- Easy Application: Available both online and offline
- Auto-Renewal Option: FD rolls over conveniently at maturity
- Premature Withdrawal: Allowed with minor penalties
In short, it’s a no-fuss plan for stable and predictable income.
Who Should Consider This FD Scheme?
This scheme is designed for individuals who value consistency and financial peace of mind. You might find this plan ideal if:
- You’re retired or nearing retirement and want a reliable weekly income
- You have a lump sum to invest and want guaranteed passive returns
- You dislike market volatility and want a safer option than mutual funds
- You’re planning monthly expenses like EMIs, groceries, or bills
If financial predictability matters to you, this plan checks all the boxes.
How to Apply for SBI’s Special FD Plan?
Applying is simple and quick. Follow these steps to start earning:
- Visit the nearest SBI branch and ask for the “Special Weekly Income FD” application.
- Or log in to the SBI YONO App or SBI Internet Banking portal.
- Navigate to Fixed Deposits and choose this plan.
- Fill in the investment amount, tenure, and submit KYC documents (if needed).
- Link your existing SBI account for weekly payouts.
- Confirm and apply.
How Does It Compare to Regular FDs?
Here’s a quick comparison to help you understand the benefits better:
| Features | SBI Special FD Plan | Regular SBI FD |
|---|---|---|
| Payout Frequency | Weekly | Monthly / Quarterly |
| Income Goal | Fixed ₹8,000/week | Varies based on deposit |
| Tenure Options | 3, 5, 7, 10 years | 7 days to 10 years |
| Interest Rate | Higher than standard rates | Standard FD rates |
| Purpose | Regular income | Wealth accumulation |
| Target Group | Retirees, income seekers | General savers |
Things to Keep in Mind
Before locking in your funds, consider the following:
- Interest rates may change after 31st May 2025
- TDS applies if interest income exceeds ₹40,000 (₹50,000 for senior citizens)
- Premature withdrawal is allowed but with reduced interest
- Inflation factor: Fixed returns may lose value in high-inflation years
Despite these minor considerations, the plan remains one of the most lucrative FD options in 2025.
Final Thoughts
SBI’s Special FD Plan offering ₹8,000 weekly income is a timely opportunity for investors seeking safe, recurring returns. Whether you’re looking to supplement your retirement, manage predictable monthly expenses, or build a non-volatile income stream, this fixed deposit delivers.
With the trust of SBI, attractive interest rates, and guaranteed payouts, this plan is ideal for conservative investors looking to play it smart and safe.
Mangesh Garg is a passionate writer known for captivating stories that blend imagination and reality. Inspired by travel, history, and everyday moments, He crafts narratives that resonate deeply with readers