2024-03-31 06:25:57
State Bank of India (SBI) is one of the largest public sector banks in the country. The bank offers a wide range of financial services and investment options to its millions of customers. SBI also offers different fixed deposit options for people below 60 years of age and senior citizens above 60 years of age. The bank periodically changes the interest rates offered on its fixed deposits to provide better returns to customers who invest in these FD schemes. Here you can see the latest interest rates offered by State Bank of India for its FD schemes of different maturity.
– For fixed deposits with maturity period of 7 days to 45 days, the interest rate for general public is 3.5 percent per annum and the same for senior citizens is 4 percent per annum.
– Fixed deposits with a maturity period of 46 days to 179 days are offered an interest rate of 4.75 per cent for general public and 5.25 per cent for senior citizens.
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– For fixed deposits with maturity period of 180 days to 210 days, the rate of interest for general public is 5.75 percent and the rate for senior citizens is 6.25 percent.
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– Fixed deposits with a maturity period of 211 days to less than 1 year are offered interest rates of 6 percent for general public and 6.5 percent for senior citizens.
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– Fixed deposit schemes with maturity period less than 1 year to 2 years will get interest rate of 6.8 per cent for general public and 7.3 per cent for senior citizens.
– SBI offers interest rates of 7 percent for general public and 7.5 percent for senior citizens for fixed deposit installments with maturity period of 2 years to less than 3 years.
– Fixed deposits with maturity period of 3 years to less than 5 years are offered interest rates of 6.75 per cent for general public and 7.25 per cent for senior citizens.
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– 6.5 percent interest for general public and 7.5 percent interest for senior citizens for fixed deposits of 5 years to 10 years.
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Apart from the above, SBI also offers a 400-day special fixed deposit scheme called “Amrit Kalash” which offers 7.1 per cent interest to general public and 7.6 per cent interest to senior citizens. If you invest Rs 1 lakh in an FD with a maturity period of 5 years at an interest rate of 6.5 per cent, you will earn Rs 38,042 as interest. After 5 years you will get Rs.1,38,042.
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- First Published : March 31, 2024, 11:55 am IST
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