SBI Senior Citizen Latest FD Rates: Know your maturity amount on Rs 2,50,000, Rs 3,50,000, and Rs 4,50,000 investments in 1-year, 3-year, and 5-year tenures
SBI FD Rates: On 5-year FD schemes, SBI gives 7.50 per cent interest rates to senior citizens.
Senior citizens get a higher interest rate on fixed deposits (FDs) from most banks, and SBI is one of them. Apart from more interest than the general citizens, they get other benefits. The interest earned on these FDs can be turned into a monthly income. These deposits can also be a tax-saving scheme for senior citizens. FDs usually range from a minimum of seven days to 10 years.
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FD can be a safe investment option
Because they are seen as a low-risk investment choice, FDs are appropriate for investors looking for security and stability.
Tenure
From short-term to long-term, you can select a tenure that best fits your financial goals.
Nomination facility
SBI offers a nomination feature, allowing depositors to nominate family members or spouses to collect the maturity money.
SBI senior citizen FD rates
A look at SBI senior citizen FD rates and what the public lender is giving on Rs 2.5 lakh, Rs 3.5 lakh, and Rs 4.5 lakh investments.
SBI 1-year FD scheme
On 1-year FD schemes, SBI gives 7.20 per cent interest rate to senior citizens.
What will the maturity amount be on Rs 2.5 lakh, 3.5 lakh, and 4.5 lakh investments in one year?
On an investment of Rs 2.5 lakh, the senior citizens can get Rs 2,68,492 on maturity. They can get Rs 3,75,889, and Rs 4,83,285 on Rs 3.5 lakh, and Rs 4.5 lakh investments respectively.
SBI 3-year FD scheme
On 3-year FD schemes, SBI gives 7.25 per cent interest rate to senior citizens.
What will the maturity amount be on Rs 2.5 lakh, 3.5 lakh, and 4.5 lakh investments in three years?
On an investment of Rs 2.5 lakh, the senior citizens can get Rs 3,10,137 on maturity. They can get Rs 4,34,191, and Rs 5,58,246 on Rs 3.5 lakh, and Rs 4.5 lakh investments respectively.
SBI 5-year FD scheme
On 5-year FD schemes, SBI gives 7.50 per cent interest rates to senior citizens.
What will the maturity amount be on Rs 2.5 lakh, 3.5 lakh, and 4.5 lakh investments in five years?
On an investment of Rs 2.5 lakh, the senior citizens can get Rs 3,62,487 on maturity. They can get Rs 5,07,482, and Rs 6,52,477 on Rs 3.5 lakh, and Rs 4.5 lakh investments respectively.