Looking for a safe and steady way to grow your money? Fixed deposits are a great option. They're lower-risk than investing in stocks and offer better interest rates than a regular savings account. One of India's top banks, State Bank of India (SBI), has a range of fixed deposit plans with attractive interest rates. Let's explore the latest SBI FD rates and see how much you could earn on a Rs 6 lakh investment.
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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 State Bank of India 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 for senior citizens and 6.75 per cent for general citizens.
5/13The interest rate is 7.50 per cent for senior citizens and 6.50 per cent for general citizens.
6/13The estimated maturity amount will be Rs 6,54,801. The estimated return will be Rs 54,801.
7/13The estimated maturity amount will be Rs 6,58,722. The estimated return will be Rs 58,722.
8/13The estimated maturity amount will be Rs 6,41,852 in a 1-year fixed deposit for general citizens. The estimated return will be Rs 41,852.
9/13The estimated maturity amount will be Rs 6,45,013 in a 1-year fixed deposit for senior citizens. The estimated return will be Rs 45,013.
10/13The estimated maturity amount will be Rs 7,33,435 in a 3-year fixed deposit for general citizens. The estimated return will be Rs 1,33,435.
11/13The estimated maturity amount will be Rs 7,44,328 in a 3-year fixed deposit for senior citizens. The estimated return will be Rs 1,44,328.
12/13The estimated maturity amount will be Rs 8,28,251 in a 5-year fixed deposit for general citizens. The estimated return will be Rs 2,28,251.
13/13The estimated maturity amount will be Rs 8,69,968 in a 5-year fixed deposit for senior citizens. The estimated return will be Rs 2,69,968.