SBI Senior Citizen FD Rates: Know what PSU bank is giving on Rs 1,50,000, Rs 2,50,000, and Rs 3,50,000 investments in fixed deposits
SBI Senior Citizens FD Rates: On an investment of Rs 1.5 lakh, the senior citizens can get Rs 1,64,894 on maturity. They can get Rs 2,74,824, and Rs 3,84,753 on Rs 2.5 lakh, and Rs 3.5 lakh investments respectively.
Fixed deposits (FDs) are considered a safe investment option because of their guaranteed returns and capital protection. Most senior citizens prefer FDs over other investment options as they don't want to take much risk with their money because of no other income source. In FDs, most of the banks provide better returns to senior citizens than general citizens.
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Returns on Rs 1.5 lakh, Rs 2.5 lakh, and Rs 3.5 lakh investments in FDs
In this article, we will calculate what PSU lender can give on Rs 1.5 lakh, Rs 2.5 lakh, and Rs 3.5 lakh investments in FDs for one year, three years, and five years.
What is the interest rate on the SBI Amrit Vrishti Scheme?
In the SBI Amrit Vrishti scheme, senior citizens get a 7.75 per cent interest rate. The tenure of this scheme is 444 days.
What will the maturity amount be on Rs 1.5 lakh, Rs 2.5 lakh, and Rs 3.5 lakh investments?
On an investment of Rs 1.5 lakh, the senior citizens can get Rs 1,64,894 on maturity. They can get Rs 2,74,824, and Rs 3,84,753 on Rs 2.5 lakh, and Rs 3.5 lakh investments respectively.
SBI 1-year FD scheme
On 1-year FD schemes, SBI gives 7.30 per cent interest rate to senior citizens.
What will the maturity amount be on Rs 1.5 lakh, Rs 2.5 lakh, and Rs 3.5 lakh investments in one year?
On an investment of Rs 1.5 lakh, the senior citizens can get Rs 1,61,253 on maturity. They can get Rs 2,68,756, and Rs 3,76,258 on Rs 2.5 lakh, and Rs 3.5 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 1.5 lakh, Rs 2.5 lakh, and Rs 3.5 lakh investments in three years?
On an investment of Rs 1.5 lakh, the senior citizens can get Rs 1,86,082 on maturity. They can get Rs 3,10,137, and Rs 4,34,191 on Rs 2.5 lakh, and Rs 3.5 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 1.5 lakh, Rs 2.5 lakh, and Rs 3.5 lakh investments in five years?
On an investment of Rs 1.5 lakh, senior citizens can get Rs 2,17,492 on maturity. They can get Rs 3,62,487, and Rs 5,07,482 on Rs 2.5 lakh, and Rs 3.5 lakh investments respectively.
SBI nomination facility
SBI offers a nomination feature, allowing depositors to nominate family members or spouses to collect the maturity money.