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SBI Senior Citizens FD Rates: What will you get on Rs 10 lakh investment in State Bank of India 1-10 year fixed deposits?
- Written by Anamika Singh
Published: Zee Business| Updated: Zee Business
SBI offers Fixed Deposit (FD) schemes for senior citizens, providing a stable way to earn interest on their savings. If a senior citizen invests Rs 10,00,000 in SBI's FD schemes, they can earn interest at attractive rates in the following 1-year FD, 3-year FD, 5-year FD, and 10-year FD schemes. On that note, let’s find out how much senior citizens will get on a Rs 10 lakh investment in these fixed deposits.
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1/10
What is fixed deposit?
1/10Fixed Deposit (FD) is a type of investment in which you can invest a lump sum for a specific period with a bank or other financial institutions. The period of investment can range from 7 days to 10 years, depending on the investor’s preference.
2/10
FD calculation conditions
2/10In this article, we will see what PSU bank SBI is offering to senior citizens on 1-year, 3-year, 5-year, and 10-year FD schemes. We will also calculate the returns on a Rs 10 lakh investment in all these tenures.
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SBI senior citizens 1-year FD scheme
3/10The State Bank of India offers a 7.20 per cent interest rate to senior citizens on the 1-year FD scheme.
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SBI 3-year FD interest rate for senior citizens
4/10SBI offers a 7.25 per cent interest rate to senior citizens on the 3-year FD scheme.
5/10
SBI senior citizens 5-year FD scheme
5/10This PSU bank provides a 7.50 per cent interest rate to senior citizens on the 5-year FD scheme.
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SBI 10-year FD interest rate for senior citizens
6/10This PSU bank offers a 7.50 per cent interest rate to senior citizens on the 10-year FD scheme.
7/10
SBI 1-Year FD: What will be maturity amount on Rs 10 lakh deposit?
7/10For senior citizens, the estimated maturity amount on Rs 10 lakh investment in one year will be Rs 10,73,967. The estimated interest will be Rs 73,967.
8/10
SBI 3-Year FD: What will be maturity amount on Rs 10 lakh deposit?
8/10For senior citizens, the estimated maturity amount on Rs 10 lakh investment in a 3-year FD will be Rs 12,40,546. The estimated interest earned will be Rs 24,05,46.
9/10
SBI 5-Year FD: What will be maturity amount on Rs 10 lakh deposit?
9/10For senior citizens, the estimated maturity amount on Rs 10 lakh investment in a 5-year FD will be Rs 14,49,948. The estimated interest will be Rs 4,49,948.
10/10
SBI 10-Year FD: What will be maturity amount on Rs 10 lakh deposit?
10/10For senior citizens, the estimated maturity amount on Rs 10 lakh investment in a 10-year FD will be Rs 21,02,349. The estimated interest will be Rs 11,02,349.
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