SBI Senior Citizen Latest FD Rates: Know your maturity amount on Rs 5 lakh, Rs 10 lakh, Rs 15 lakh investments in 1-year, 3-year and 5-year FD schemes
SBI Senior Citizen Latest FD Rates: The bank gives a 0.10 per cent additional FD rate to super senior citizens on all tenures.
FDs offer guaranteed returns, making them one of the most preferred investment forms. The interest rates on FDs vary from bank to bank, depending on various factors. Some banks and financial institutions offer senior citizens additional FD rates than general citizens. However, these interest rates are subject to change without prior notice. The minimum and maximum amount, tenure, and interest rates are also different from bank to bank. Depositors also get an automatic renewal facility, which means your FD will automatically renewed on maturity.
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PSU bank State Bank of India's latest FD rates
This article will talk about PSU bank State Bank of India's (SBI's) latest FD interest rates for senior citizens. Let's know what they can get on Rs 5 lakh, Rs 10 lakh, Rs 15 lakh investments in 1-year, 3-year and 5-year FD schemes.
SBI Amrit Vrishti scheme
In Amrit Vrishti scheme, SBI gives 7.75 per cent interest rate to senior citizens. This is a 444-day scheme and the last date to apply is March 31, 2025.
SBI 1-year FD scheme
Senior citizens get 7.30 per cent interest rate on 1-year FD.
SBI 3-year FD scheme
Senior citizens get 7.25 per cent interest rate on 3-year FD.
SBI 5-year FD scheme
Senior citizens get 7.50 per cent interest rate on 5-year FD.
SBI 10-year FD scheme
Senior citizens get 7.50 per cent interest rate on 10-year FD.
Super senior citizen FD rate
The bank gives a 0.10 per cent additional FD rate to super senior citizens on all tenures.
Amrit Vrishti scheme: Maturity amount of Rs 5 lakh, Rs 10 lakh and Rs 15 lakh investments
Senior citizens will get Rs 5,49,648 on the maturity of Rs 5 lakh investment, Rs 10,99,295 for Rs 10 lakh investment, and Rs 16,48,943 for Rs 15 lakh investment on Amrit Vrishti scheme.
1-year FD: Maturity amount of Rs 5 lakh, Rs 10 lakh and Rs 15 lakh investments
Senior citizens will get Rs 5,37,511 on the maturity of Rs 5 lakh investment, Rs 10,75,023 for Rs 10 lakh investment, and Rs 16,12,534 for Rs 15 lakh investment on 1-year FD scheme.
3-year FD: Maturity amount of Rs 5 lakh, Rs 10 lakh and Rs 15 lakh investments
Senior citizens will get Rs 6,20,273 on the maturity of Rs 5 lakh investment, Rs 12,40,547 for Rs 10 lakh investment, and Rs 18,60,820 for Rs 15 lakh investment on 3-year FD scheme.
5-year FD: Maturity amount of Rs 5 lakh, Rs 10 lakh and Rs 15 lakh investments
Senior citizens will get Rs 7,24,974 on the maturity of Rs 5 lakh investment, Rs 14,49,948 for Rs 10 lakh investment, and Rs 21,74,922 for Rs 15 lakh investment on 5-year FD scheme.
10-year FD: Maturity amount of Rs 5 lakh, Rs 10 lakh and Rs 15 lakh investments
Senior citizens will get Rs 7,24,974 on the maturity of Rs 5 lakh investment, Rs 14,49,948 for Rs 10 lakh investment, and Rs 21,74,922 for Rs 15 lakh investment on 10-year FD scheme.