SBI FD Scheme – If you have 2 lakh rupees lying idle in your savings account and you are looking for a safe way to invest it, then an SBI Fixed Deposit (FD) in your wife’s name might be a smart option. It is simple, secure, and offers guaranteed returns without the ups and downs of the stock market. Plus, opening an FD in your spouse’s name has its own set of financial and tax benefits that you might not have considered before.

Let us walk you through everything you need to know about investing 2 lakh in an SBI FD under your wife’s name and how much return you can expect after 2 years.

Why Choose SBI FD in Wife’s Name

Fixed Deposits are one of the most reliable ways to save money safely. When you open the FD in your wife’s name, it not only offers you fixed returns but also brings in some legal and financial advantages.

Here are some reasons why this is a good move:

• Your money earns a fixed interest with no risk of market fluctuations
• It helps you structure your family’s finances better
• Some tax-saving options are available under Section 80C
• It promotes financial independence for your spouse
• Can be a part of your future planning for education, travel, or emergencies

Benefits of Investing 2 Lakh in FD Under Wife’s Name

Putting an FD in your wife’s name is more than just putting money into a different account. It offers real benefits:

• The ownership stays with your wife, making asset distribution clear
• The interest income may be taxed under her name if she earns separately
• If she has no other income, it might reduce your tax burden
• It builds her financial profile and improves financial literacy
• It is ideal for joint planning in marriage, whether for future expenses or emergencies

What Will Be Your Returns After 2 Years

Let us get to the part you are most interested in. Suppose you invest 2 lakh rupees in an SBI FD today for 2 years, and the bank offers an interest rate of 6 point 8 percent per annum. Here is how the calculation looks:

• Investment amount: 2 lakh rupees
• Interest rate: 6 point 8 percent per annum
• Tenure: 2 years
• Maturity amount: Around 2 lakh 28 thousand rupees
• Total interest earned: Approximately 28 thousand rupees

Remember that this is an estimated figure and may vary slightly depending on the exact date of deposit and compounding frequency.

SBI FD Interest Rates for Women in 2025

Currently, SBI offers the same FD interest rates for both men and women. However, senior citizen women get a slightly higher rate. Here is an overview:

• For general women depositors: Around 6 point 8 percent for 2 years
• For senior citizen women: Around 7 point 3 percent for 2 years

If your wife is above 60, you will get better returns. But even if she is not, the general rate is still quite stable and competitive compared to other banks.

Documents Required to Open the FD

To open an SBI FD in your wife’s name, you will need the following:

• PAN card
• Aadhaar card for identity verification
• Recent passport-size photograph
• Address proof like utility bill or bank passbook
• Existing SBI account details or open a new savings account in her name

The process is simple and can be done online or by visiting a nearby SBI branch.

What About Tax on This FD

Just because the FD is in your wife’s name does not mean you are off the hook completely for taxes. Tax rules around spouse FDs are a bit tricky.

• If your wife does not earn separately, the interest earned from this FD may be clubbed with your income
• If she has her own income, the interest will be taxed under her name
• TDS will be deducted if the interest income crosses forty thousand in a year, or fifty thousand in the case of senior citizens

So it is good to plan accordingly and consult a tax advisor if needed.

Comparing SBI FD with Other Safe Investments

Before locking in your 2 lakh for two years, you might want to compare it with other low-risk options:

• Post Office Time Deposit for 2 years offers around 6 point 9 percent interest
• National Savings Certificate has a higher rate of around 7 point 7 percent but comes with a five-year lock-in
• Senior Citizens Savings Scheme gives 8 point 2 percent, but only for those over 60
• Tax Saver FD at SBI gives tax benefits under Section 80C but has a five-year lock-in

While some schemes offer slightly higher returns, they often come with a longer lock-in period or age restrictions.

How to Open an SBI FD in Wife’s Name

The process is hassle-free. You can do it either online through SBI net banking or offline by visiting the branch.

Steps:

1. Log in to SBI online banking or visit your local SBI branch
2. Choose Fixed Deposit option
3. Select the tenure, amount, and payout option
4. Enter your wife’s details and upload the required documents
5. Submit the form and receive your FD receipt

Putting 2 lakh rupees into an SBI Fixed Deposit in your wife’s name is a solid, low-risk decision. It may not make you rich overnight, but it definitely gives you peace of mind. Your money is safe, you get guaranteed returns, and it can even help in tax planning if done wisely. For families who value stability and want to build financial strength step by step, this is one of the smartest ways to start.