SBI Senior Citizen FD Interest Rates: Check calculations and know the maturity amount of Rs 4,00,000 investment in SBI FDs for 1-year, 3-year, 5-year and 10-year tenures
SBI Current FD Rates for Senior Citizens: If a senior citizen invests Rs 4,00,000 in a 1-year FD, they will get Rs 4,29,587 on maturity.
Senior citizens get a higher interest rate on fixed deposits (FDs). FD is one of the favourite investment options for them as it provides guaranteed returns and the risk is low. They can also predict their income that can be earned through FD as it provides fixed interest rates throughout the tenure. Recently, SBI announced some changes in the interest rates. Let's look at the revised FD rates across different tenures and know what you can get on the maturity of a Rs 4,00,000 investment in one-year, three-year, five-year, and 10-year FDs.
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SBI Amrit Vrishti scheme
In the SBI Amrit Vrishti scheme, senior citizens get a 7.55 per cent interest rate. This is a 444-day FD plan.
Maturity amount on Rs 4 lakh investment in Amrit Vrishti scheme
If a senior citizen invests Rs 4,00,000 in Amrit Vrishti scheme, they can get Rs 4,39,718 on maturity.
SBI 1-year FD
The PSU bank gives general citizens a 7.20 per cent interest rate on a 1-year FD.
Maturity amount on Rs 4 lakh investment in 1-year FD
If a senior citizen invests Rs 4,00,000 in a 1-year FD, they will get Rs 4,29,587 on maturity.
SBI 3-year FD
The PSU bank gives a 7.25 per cent interest rate to senior citizens on a 3-year FD.
Maturity amount on Rs 4 lakh investment in 3-year FD
If a senior citizen invests Rs 4,00,000 in a 3-year FD, they will get Rs 4,96,219 on maturity.
SBI 5-year FD
The PSU bank gives a 7.50 per cent interest rate to senior citizens on 5-year FD.
Maturity amount on Rs 4 lakh investment in 5-year FD
If a senior citizen invests Rs 4,00,000 in a 5-year FD, they will get Rs 5,79,979 on maturity.
SBI 5-year FD
The PSU bank gives a 7.50 per cent interest rate to senior citizens on 10-year FD.
Maturity amount on Rs 4 lakh investment in 10-year FD
If a senior citizen invests Rs 4,00,000 in a 10-year FD, they will get Rs 8,40,940 on maturity.