SBI Highest FD Rates: Know what PSU bank is giving to senior citizens and others on Rs 1 lakh and Rs 2 lakh investment
SBI also provides special FD schemes like Amrit Vrishti in which the public lender provides a little higher interest rate than regular FDs. You can deposit a lump sum amount for a minimum of seven days and a maximum of 10 years.
State Bank of India (SBI) provides a range of fixed deposit (FD) schemes, such as the tax-saving FD, Amrit Vrishti, and multi-option deposit scheme. The FD interest rates vary and depend on the type of depositor, whether they are general or senior citizens.
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When do you get FD interest?
Interest can be taken monthly, half-yearly, yearly, or on maturity.
SBI account transfer
SBI accounts can be transferred across SBI branches.
How to open an SBI FD account?
The account can be opened online or by visiting an SBI branch.
Minimum and maximum tenure
You can deposit a lump sum amount for a minimum of seven days and a maximum of 10 years.
SBI Amrit Vrishti scheme
SBI also provides special FD schemes like Amrit Vrishti in which the public lender provides a little higher interest rate than regular FDs.
SBI 1-year FD interest rates
The PSU bank offers 7.30 percent interest rates to senior citizens for a one-year tenure, while others get 6.80 per cent interest rates.
SBI 3-year FD interest rates
The PSU bank offers 7.25 per cent interest rates to senior citizens on three-year tenure, while others get 6.75 per cent interest rates.
SBI 5-year FD interest rates
The PSU bank provides 7.50 per cent interest rates to senior citizens on five-year tenure while others get 6.50 per cent interest rates.
What will you get on a Rs 1 lakh deposit in 1-5 years tenure?
If you invest Rs 1 lakh in SBI FD for one year; you will get Rs 1,06,975 on maturity, Rs 1,22,239 in three years, and Rs 1,38,042 in five years.
What a senior citizen will get on a Rs 1 lakh deposit in 1-5 years tenure?
If a senior citizen invests Rs 1 lakh in SBI FD for one year, they will get Rs 1,07,502 on maturity, Rs 1,24,055 in three years, and Rs 1,44,995 in five years.
What will you get on a Rs 2 lakh deposit in 1-5 years tenure?
If you invest Rs 2 lakh in SBI FD for one year; you will get Rs 2,13,951 on maturity, Rs 2,44,479 in three years, and Rs 2,76,084 in five years.
What a senior citizen will get on a Rs 2 lakh deposit in 1-5 years tenure?
If a senior citizen invests Rs 2 lakh in SBI FD for one year, they will get Rs 2,15,005 on maturity, Rs 2,48,109 in three years, and Rs 2,89,990 in five years.