SBI Senior Citizen FD Rates: What Rs 1 lakh, Rs 3 lakh, and 5 lakh investments will give you in 1-, 3- and 5-year FDs

When you become a senior citizen and cross the age of 60, there are chances that your sources of income are depleted. At that time, you will rely on monetary help from someone in the family, returns from investments you have made throughout life, or investments you will make at the current stage. For those who have resources and seek financial freedom post-retirement in their lives, it is necessary that they make wise financial decisions and invest in schemes that provide them with a regular source of income. This is the reason a lot of senior citizens opt for fixed deposit (FD) schemes. FDs provide them with a with a guaranteed return and regular income in the form of interest that they can use to cover their monthly expenses. The country's leading bank, State Bank of India (SBI) also offers FDs to senior citizens. The popular senior citizen SBI FDs are for one year, three years, and five years. The interest rates of SBI senior citizen FDs are 7.30% for one-year FDs, 7.25 per for three-year FDs, and 7.50 per cent for the  five-year FDs (As per Paisabazaar.com data). In this gallery, we will tell you how much you can get in return on all these three FDs if you invest Rs 1 lakh, Rs 3 lakh, and Rs 5 lakh in each of the schemes. 

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