In today’s world, securing your future through smart savings is more important than ever. While there are several investment options like SIPs, RDs, and Mutual Funds, Fixed Deposits (FDs) continue to be one of the safest and most popular choices for Indian households.
But here’s the twist: what if your wife could make you richer—not just with her wise budgeting skills, but through a clever FD strategy? Let’s explore how opening an FD in your wife’s name with State Bank of India (SBI) can help you build a solid financial foundation with attractive returns.
State Bank of India, India’s largest public sector bank, offers multiple schemes with solid returns for all types of investors. One such popular and reliable option is the Fixed Deposit.
If you deposit ₹2 lakh in your wife's name in a 2-year SBI FD, you can watch your investment grow without any market risks. Whether you’re a salaried professional or a business owner, this strategy could be your smart route to wealth creation.
In many Indian households, women already manage the finances with great discipline. That’s why more and more people are now buying property and making investments in their wives’ names—not just for love, but also for tax planning and asset security.
By choosing a 2-year FD in your wife's name, you're not only creating a safe investment but also encouraging joint financial planning. SBI offers the same interest rate for men and women, but the emotional value of gifting your spouse a secure future is priceless.
SBI’s interest rates vary depending on the tenure of the FD. Currently, the bank offers returns ranging from 3.50% to 7.00% per annum.
For a 2-3 year tenure, SBI is offering:
7.00% interest for general citizens
7.50% interest for senior citizens
Although the rates are the same for both men and women, the real trick is in the tenure and timing of your investment.
Let’s break down the returns on a ₹2 lakh FD invested for 2 years:
General Citizen (7.00% interest):
Final Amount = ₹2,29,776
(That’s ₹29,776 earned as interest over 2 years)
Senior Citizen (7.50% interest):
Final Amount = ₹2,32,044
(₹32,044 in interest – slightly higher due to the senior citizen bonus)
So, by simply using this FD trick in your wife’s name, you could create a mini-fund that grows steadily without market risks or stress.
This information is based on current bank rates and general financial planning. Interest rates are subject to change, so always check with your bank or financial advisor before investing.
