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SBI Senior Citizen FD Rates: Know what leading PSU bank is giving on Rs 2,00,000, Rs 2,50,000, and Rs 3,00,000 investments in fixed deposits
- Written by ZeeBiz WebTeam
Published: Zee Business| Updated: Zee Business
State Bank of India (SBI), nation's largest bank, offers a variety of fixed deposit (FD) schemes for senior citizens. These FDs come with higher interest rates compared to regular depositors, making them a popular and low-risk investment option. With guaranteed returns and added benefits for seniors, SBI FDs remain key option for those looking for safe and steady earnings.
Here’s what Rs 2,00,000, 2,50,000, and 3,00,000 investment in these SBI FD schemes can fetch you.
Image: Pixabay, Freepik
(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
1/10
Why opt for FDs?
1/10
Assured returns – Fixed deposits offer an assured rate of return, and investors know what they will get in return.
Flexible tenure – Investors can choose FD periods ranging from a few months to several years.
Liquidity options – Premature withdrawal is possible, though with a penalty.
Tax benefits – Tax-saving FDs (5-year lock-in) offer deductions under Section 80C.
2/10
SBI nomination facility
2/10SBI offers a nomination feature, allowing depositors to nominate family members or spouses to collect the maturity amount in case of the account holder's death.
3/10
SBI Amrit Vrishti Scheme
3/10- Senior citizens get a 7.75 per cent interest rate. - The tenure for this scheme is 444 days.
4/10
SBI Amrit Vrishti: Maturity amount on Rs 2 lakh, Rs 2.5 lakh, and Rs 3 lakh investments
4/10
Rs 2 lakh investment: Estimated maturity amount Rs 2,19,574.08.
Rs 2.5 lakh investment: Approximate maturity amount Rs 2,74,467.60.
Rs 3 lakh investment: Approximate maturity amount Rs 3,29,361.13.
5/10
SBI 1-year FD scheme
5/10Senior citizens get a 7.30 per cent interest rate on a 1-year FD.
6/10
SBI 1-year FD: Maturity amount on Rs 2 lakh, Rs 2.5 lakh, and Rs 3 lakh investments
6/10
Rs 2 lakh investment: Estimated maturity amount Rs 2,15,004.56.
Rs 2.5 lakh investment: Approximate maturity amount Rs 2,68,755.70.
Rs 3 lakh investment: Approximate maturity amount Rs 3,22,506.84.
7/10
SBI 3-year FD scheme
7/10Senior citizens get a 7.25 per cent interest rate on a 3-year FD.
8/10
SBI 3-year FD: Maturity amount on Rs 2 lakh, Rs 2.5 lakh, and Rs 3 lakh investments
8/10Rs 2 lakh investment: Estimated maturity amount Rs 2,48,109.40. Rs 2.5 lakh investment: Approximate maturity amount Rs 3,10,136.75. Rs 3 lakh investment: Approximate maturity amount Rs 3,72,164.10.
9/10
SBI 5-year FD scheme
9/10Senior citizens get a 7.50 per cent interest rate on a 5-year FD.
10/10
SBI 5-year FD: Maturity amount on Rs 2 lakh, Rs 2.5 lakh, and Rs 3 lakh investments
10/10- Rs 2 lakh investment: Estimated maturity amount Rs 2,89,989.61. - Rs 2.5 lakh investment: Approximate maturity amount Rs 3,62,487.01. - Rs 3 lakh investment: Approximate maturity amount Rs 4,34,984.41.
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