Fixed deposits are a safer way to invest your money compared to shares. They guarantee returns and offer higher interest rates than your regular savings account. One of the most popular banks, State Bank of India (SBI), offers fixed deposit schemes with different interest rates. Let's take a look at the latest SBI FD rates and also find out what your maturity amount would be on a Rs 5 lakh investment in these schemes.
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(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
1/13The tenure of SBI Amrit Vrishti FD is 444 days.
2/13The interest rate is 7.75 per cent for senior citizens and 7.25 per cent for general citizens.
3/13The interest rate for senior citizens is 7.30 per cent, whereas the interest rate for general citizens is 6.80 per cent.
4/13The interest rate is 7.25 per cent interest for senior citizens and 6.75 per cent for general citizens.
5/13The interest rate is 7.50 per cent interest for senior citizens and 6.50 per cent for general citizens.
6/13The estimated maturity amount will be Rs 5,45,667 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 45,667.
7/13The estimated maturity amount will be Rs 5,48,935 in a 444-day fixed deposit for senior citizens. The estimated return will be Rs 48,935.
8/13The estimated maturity amount will be Rs 5,34,876 in a 1-year fixed deposit for general citizens. The estimated return will be Rs 34,876.
9/13The estimated maturity amount will be Rs 5,37,511 in a 1-year fixed deposit for senior citizens. The estimated return will be Rs 37,511.
10/13The estimated maturity amount will be Rs 6,11,196 in a 3-year fixed deposit for general citizens. The estimated return will be Rs 1,11,196.
11/13The estimated maturity amount will be Rs 6,20,273 in a 3-year fixed deposit for senior citizens. The estimated return will be Rs 1,20,273.
12/13The estimated maturity amount will be Rs 6,90,209 in a 5-year fixed deposit for general citizens. The estimated return will be Rs 1,90,209.
13/13The estimated maturity amount will be Rs 7,24,974 in a 5-year fixed deposit for senior citizens. The estimated return will be Rs 2,24,974.