SBI 1111 Days FD Scheme 2026: State Bank of India’s 1111 Days FD Scheme offers a fixed return option for medium-term savers. It is designed for people seeking stability and predictable growth without market risks. The scheme works like a regular fixed deposit with a special tenure.
Investors deposit a lump sum for 1111 days and earn interest until maturity. The interest rate may be slightly higher than standard FDs. This makes it suitable for individuals planning safe savings goals over nearly three years.
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Understanding The SBI 1111 Days FD Scheme
The SBI 1111 Days FD Scheme is a special tenure fixed deposit offered for a limited period. Customers deposit money for a fixed duration and receive a guaranteed return at maturity based on the applicable interest rate.
It works similarly to a normal FD but is introduced to attract depositors seeking better returns. The tenure of 1111 days makes it suitable for medium-term financial planning with stable and predictable outcomes.
Interest Rates And Returns Structure
Interest rates for this scheme depend on bank policies and economic conditions. Senior citizens usually receive slightly higher interest compared to regular customers. Rates remain fixed for the entire tenure once the deposit is created.
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The interest is calculated periodically and added to the deposit amount. At maturity, customers receive the original investment along with the accumulated interest, making it a safe option for steady growth.
SBI 1111 Days FD Scheme 2026 Overview
| Feature | Details |
|---|---|
| Scheme Name | SBI 1111 Days FD Scheme |
| Tenure | 1111 Days |
| Investment Type | Fixed Deposit |
| Interest Payment | Quarterly compounding or maturity payout |
| Senior Citizen Benefit | Higher interest rate |
| Risk Level | Very Low |
| Premature Withdrawal | Allowed with penalty |
| Loan Facility | Available against FD |
| Suitable For | Medium-term savings and safe returns |
| Maturity Benefit | Principal plus interest |
Eligibility And Who Can Apply
Any Indian resident individual can open this fixed deposit through SBI. Joint accounts, senior citizens, and existing account holders can also invest in this scheme without complications.
Minors can also invest through guardians. This makes the scheme accessible for families planning savings for future needs like education, emergencies, or planned purchases.
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Deposit Amount And Tenure Flexibility
Customers can start with a small minimum deposit amount as decided by the bank. There is usually no strict upper limit, making it suitable for both small and large investors.
The tenure remains fixed at 1111 days. Once the deposit is created, the duration cannot be changed, ensuring disciplined saving and steady returns over the investment period.
Maturity Process And Final Payout
At the end of 1111 days, the deposit matures automatically. The bank credits the principal and interest to the linked savings account or renews the FD based on the chosen option.
Customers can choose to receive the amount at maturity. This helps in planning future expenses or reinvesting funds for continued financial growth.
Premature Withdrawal Terms And Conditions
Premature withdrawal is allowed in case of urgent financial needs. However, the bank may charge a penalty and offer interest at a lower applicable rate.
The deduction slightly reduces the final returns. Even so, the option gives flexibility to access funds in emergencies without completely losing the investment.
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Loan Facility Against Fixed Deposit
SBI allows customers to take a loan against their fixed deposit. This feature helps people manage sudden expenses without breaking the FD before maturity.
The loan amount depends on the deposit value. Interest on such loans is generally lower compared to personal loans, making it a convenient financial support option.
Benefits Of Choosing This Special FD
This scheme provides safety, stability, and assured returns. It protects investors from market fluctuations and gives predictable income over the fixed period.
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It also helps in disciplined savings. Senior citizens benefit from higher interest rates, making it a preferred choice for retirement planning and safe investment goals.
Taxation Rules On Interest Earned
Interest earned on fixed deposits is taxable as per income tax rules. The bank may deduct tax at source if the interest crosses the set limit.
Investors can submit required forms to avoid excess tax deduction if eligible. Proper tax planning ensures better financial management and accurate return expectations.
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