The Government of India, with one of its most trusted bank SBI, an Indian multinational public sector banking and financial services stationery body called State Bank of India (SBI), has introduced a new financial security scheme known as the “SBI 5 Lakh Scheme 2025” for all the eligible account holders, a means to boost savings, investment, and overall financial security. Under this scheme, SBI allows eligible customers to deposit a sum of up to Rs 5 lakh under specific terms and conditions designed by the bank at an attractive interest rate, flexible tenure options, and additional benefits that make it the best choice for customers looking to grow their money safely, allowing them to invest efficiently at one of the trusted banks of India.
By presenting this SBI 5 Lakh Scheme 2025, SBI aims to encourage savings among its users while offering financial products that help various income groups and offer a haven for customers who wish to make their money work harder for them. Under the scheme, SBI allows those users who have a tight connection with SBI and other key groups, including older citizen salaried professionals and small business owners, to be the key groups that are eligible to get SBI support under this scheme.
If you are a resident come in one of the categories who is waiting for this scheme and wish to be a part by applying for it online, then keep reading this article. In this article, you will find all the related and relevant details regarding this scheme, so keep connected with this article till the end to know all about the same.
About SBI
The State Bank of India (SBI) is the largest banking and financial services organisation in India that serves over 50 crore customers through its vast network of over 22,500 branches, 63,580 ATM /ADWMs, 82,900 BC outlets, with an underrated focus on innovation, customer care centre city, which helps from core values of the bank: service transparency, ethics, politeness and sustainability. The SBI is a Fortune 500 company and is one of India’s multinational public sector banking and financial services stationery bodies with its headquartered in Mumbai. SBI works on which Heritage and legacy of over 200 years accredits SBI as one of the most trusted banks by Indians through generations. SBI offers various services to its customers, including SBI General Insurance, SBI Life Insurance, SBI card, SBI mutual Fund, etc, and makes life easier for various groups and their users.
What is the SBI 5 Lakh Scheme 2025?
The “SBI Rs 5 Lakh Scheme” is a beacon of hope for thousands of SBI account holders, which allows them to invest and save efficiently by focusing and enabling users to deposit a sum of up to Rs 5 lakh under the special terms and conditions designed by the bank. Under the scheme government provides attractive interest rates with flexible tenure options and extra benefits that make a prestige choice for customers looking to increase their money safely at India’s largest trusted bank.
Through this scheme, SBI provides a chance to its customers to maintain a minimum average balance being an account holder for the specified period, generally 6 months or more, and complying with all know your customer (KYC) requirements.
In this scheme, SBI targets those residents who have a minimum savings or Salary account with the State Bank of India. Under the scheme, user can choose to invest their funds for a duration ranging from 6 months to 5 years, depending on the type of financial goals. With the help of this, SBI aims to provide an opportunity to eligible SBI account holders to maximize their savings with attractive interest rates, tenures, and valuable additional benefits, and enhance their overall financial well-being.
Helpful Summary of State Bank of India 5 Lakh Scheme 2025
| Scheme Name | SBI 5 Lakh Scheme 2025 |
| Nodal Bank | State Bank of India (SBI). |
| Governing body | Government of India. |
| Year | 2025-26. |
| Objective | To provide attractive interest rates with flexible tenure options and extra benefits that make a prestige choice for customers looking to increase their money safely at India’s largest trusted bank. |
| Deposit Amount | Rs. 5 Lakh. |
| Account Life | Duration ranging from 6 months to 5 years, depending on the type of financial goals |
| Special Groups | Older citizens, salaried professionals, and small business owners are the key groups |
| Flexible Tenure & Attractive Interest Rate Option | Available. |
| Scheme Type | Specially Crafted Financial Product. |
| Beneficiary | SBI Account Holders |
| Mode | Both Online/Offline. |
| Official Website | sbi.bank.in |
Objective of the SBI Rs. 5 Lakh Scheme
The main objective of this scheme is to allow users to deposit up to Rs 5 lakh under the special terms and conditions designed by the bank. Under the scheme government provides attractive interest rates with flexible tenure options and extra benefits that make a prestige choice for customers looking to increase their money safely at India’s largest trusted bank. Under this scheme, SBI provides a chance to its customers to maintain a minimum average balance being an account holder for the specified period, generally 6 months or more, and complying with all (KYC) requirements.
Eligibility Criteria
To apply for the scheme applicant needs to meet the specified eligibility requirements:-
- Applicant must be a permanent resident of India.
- Applicant must have a minimum regular savings or salary account with SBI.
- Applicant must have to maintain a minimum average balance by being an account holder for a specified period, usually 6 months or more.
- Applicant must have to complete their KYC requirement.
- Applicants who are older citizens, salaried professionals, and small business owners are the key groups of this scheme.
- Note:- Here we have shared some general eligibility requirements that are necessary to apply for this scheme. For actual eligibility requirements applicant must meet the concerned SBI Officer or visit the nearest SBI bank to apply for the scheme:-
- It is important for all the interested residents to meet the actual eligibility criteria set by SBI by visiting their nearest SBI Branch or checking through the SBI online banking portal.
Deposit Amount
- Under this, the SBI enables eligible users to deposit a sum of up to Rs 5 lakh under specific terms and conditions set by the bank.
Interest Rate
- According to the reports, SBI provides attractive interest rates at reasonable interest rates on fixed deposits and similar savings instruments.
- The interest rates are designed to be higher than the standard savings account, helping users to grow their money faster
- This also offers additional perks such as loan facilities against the deposit tax benefits under special sections of the Income Tax Act and priority customer service for scheme participants.
- Customer can avail a loan at concessional rates by pledging their deposits, making it a trusted source of funds without having to break the deposit prematurely.
Benefits
- Financial Benefits to Account Holders:- Under this, SBI offers all the eligible account holders a means to boost savings, investment, and overall financial security.
- Nodal Bank:- The Government of India, with one of its most trusted banks, SBI, an Indian multinational public sector banking and financial services stationery body called State Bank of India (SBI), has introduced a new financial security scheme known as the “SBI 5 Lakh Scheme”
- Boost Savings & Investments: By presenting this scheme, SBI aims to encourage savings among its users while offering financial products that help various income groups and offer a haven for customers who wish to make their money work harder for them
- Flexible Tenure Options:- With the help of this, SBI aims to provide an opportunity to eligible SBI account holders to maximize their savings with attractive interest rates, tenures, and valuable additional benefits, and enhance their overall financial well-being.
Documents Required
- Aadhar Card
- Resident Proof
- Bank Passbook
- Income Certificate
- Passport-Sized Photograph
- Mobile Number
Key Aspects
- Deposit Amount:-Under this, the SBI enables eligible users to deposit a sum of up to Rs 5 lakh under specific terms and conditions set by the bank.
- Attractive Interest Rate:- Under the scheme government provides attractive interest rates with flexible tenure options and extra benefits that make a prestige choice for customers looking to increase their money safely at India’s largest trusted bank.
- Key Groups:- SBI allows those users who have a tight connection with SBI and other key groups, including older citizens, salaried professionals, and small business owners, to be the key groups that are eligible to get SBI support under this scheme.
- Investing Fund Duration:- Under the scheme, users can choose to invest their funds for a duration ranging from 6 months to 5 years, depending on the type of financial goals.
Things To Bear In Mind
- As we all know that SBI offers numerous benefits to its users, so it is necessary for all they be aware of certain terms and conditions.
- Under this, the maximum deposit limit is up to Rs 5 lakh, and any amount beyond that will not qualify under the scheme.
- It is important to plan the investment in your account carefully because early withdrawal may attract penalties or reduce interest rates.
- Also, users must verify the applicable interest rate at the time of application because these rates may vary based on market conditions and RBI regulations.
- Before applying for this scheme, residents must have to keep documents handy and complete their KYC process timely manner to reduce delays in approval and activation of the benefits of this scheme.
- One of the key points for its users is that the customers are advised to regularly visit the SBI official website to get the latest notifications and announcements, and keep themselves safe from unnecessary fraud.
How to Apply Online for the SBI 5 Lakh Scheme?
- Visit the Official SBI Website: First of all, all the interested applicants who want to apply for the SBI scheme need to visit the official SBI website.
- Login to Account: Once the applicant reaches the official website, they need to log in to their SBI internet banking account.
- Navigate to Deposits Section: After successful login, the applicant needs to navigate to the Deposits section and then select SBI 5 Lakh Scheme from the available list of financial products.
- Application Form Open:- As the applicant clicks, an application form will open on the screen.
- Fill Up the Form:- Now the applicant needs to fill out the application form by entering all the required details.
- Upload Necessary Documents:- After that, the applicant needs to upload all the necessary documents with the form.
- Agree to Terms & Conditions:– Now the applicant needs to first carefully read all the terms and conditions and then agree to them.
- Review & Submit:- Once quickly reviews all the details and submits the form.
- Wait for Approval:- After submitting, you will need to wait for the verification of your application.
- Once the verification is completed successfully, the deposit amount will be debited from their linked savings account.
Note:- It is mandatory for all the applicants to ensure that all the information that they provided is accurate and best of their knowledge to avoid failure in the processing, and sometimes SBI may also require additional verification for some applicants to comply with regulatory norms.
Also Read:- National Pension Scheme
How to Apply Through Local SBI Bank?
Also, there is an alternative option for those who are interested in applying offline for the scheme.
- Visit Nearest SBI Bank Branch:- To apply offline, first of all applicant needs to visit the local SBI bank branch to apply.
- Ask for Official:- Once the applicant reaches the bank branch, and need to ask for the application form regarding this scheme from the concerned officer.
- Provide Details:- After that applicant needs to provide all the relevant details to the officer.
- Fill Up the Form:- Now the applicant needs to fill out the application form by entering all the required details.
- Upload Necessary Documents:- After that, the applicant needs to upload all the necessary documents with the form.
- Submit Application:- Lastly applicant needs to submit the application form to the concerned official of SBI Bank.
Also Read:- PM SVANidhi Yojana
Contact Details
- Toll Free Number:- 1800 1234
- Or visit the official SBI website.
FAQs
Who launched the SBI 5 Lakh Scheme 2025?
- The Government of India, with one of its most trusted banks, SBI, has introduced a new financial security scheme known as the “SBI 5 Lakh Scheme.”
Who can apply?
- SBI allows those users who have a tight connection with SBI and other key groups, including older citizen salaried professionals and small business owners, to be the key groups that are eligible to get SBI support under this scheme.
What are the benefits of this SBI Scheme?
- Under this, the SBI enables eligible users to deposit a sum of up to Rs 5 lakh under specific terms and conditions set by the bank.