SBI Special FD: What will be maturity amounts on Rs 2.50 lakh, Rs 5 lakh, Rs 7.50 lakh, and Rs 10 lakh investments in Green Deposit's 1111-, 1777-, and 2222-day schemes?
SBI Green Deposit Special FD: Special fixed deposit (FD) schemes are limited-duration schemes that provide higher interest rates than a bank's other FDs. The duration is not for 1, 2, 3, 4, or 5 years. It can be 400 days, 444 days, or any figure that is not calculated in terms of years. SBI's Green Deposit is one such special FD, which offers 1111-, 1777-, and 2222-day schemes.
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SBI Green Deposit Special FD: Special fixed deposit (FD) schemes have their own charm. Banks issue them for limited edition but keep their interest rates higher than many of their traditional FDs, sparking interest among investors to invest and earn extra income. State Bank of India (SBI) too offers special FD schemes. SBI Green Rupee Term Deposit is one of them. Started in 2023, the scheme's aim is to mobilise funds for financing green activities and projects as well as developing a green finance ecosystem in India, as per India's biggest lender.
Know more about this special FD scheme and also what will be maturity amounts on investments of Rs 2.50 lakh, Rs 5 lakh, Rs 7.50 lakh, and Rs 10 lakh in its 1111-, 1777-, and 2222-day FDs for general citizens and senior citizens.
Schemes under SBI Green Rupee Term Deposit
The special FD offers 3 schemes: 1111-day FD, 1777-day FD, and 2222-day FD.
SBI Green Rupee Term Deposit: What are interest rates for general citizens?
The SBI special FD has different interest rates for the retail and bulk categories.
In its retail category's 1111-day and 1777-day schemes, general citizens get 6.65 per cent interest rate each. In the 2222-day FD, however, the interest rate is 6.15 per cent.
In the bulk category of the 1111-day and 1777-day FDs, general citizens get 6.40 per cent interest rate. The interest rate in the 2222-day FD is 6.15 per cent.
SBI Green Rupee Term Deposit: What are interest rates for senior citizens?
In the retail category, senior citizens get 7.15 per cent interest in the 1111-day and 1777-day FDs. They get 7.40 per cent interest in the 2222-day scheme.
In its bulk category, senior citizens get 6.90 per cent interest rate in the 1111-day and 1777-day schemes, whereas they get 6.65 per cent rate in the 2222-day FD.
SBI Green Rupee Term Deposit: What are the minimum and maximum investments?
The minimum investment in the special FD is Rs 1,000, while there is no maximum investment limit.
Maturity amount on Rs 2.50 lakh, Rs 5 lakh, Rs 7.50 lakh, and Rs 10 lakh investment in 1111-day FD for senior citizens
Since the interest rate in the 1111-day FD is 7.15 per cent, the maturity amount on a Rs 2.50 lakh investment in the scheme will be Rs 3,10,186.25.
On a Rs 5 lakh investment, it will be Rs 6,20,372.50.
On a Rs 7.50 lakh investment, it will be Rs 9,30,558.76.
On a Rs 10 lakh investment, it will be Rs 12,40,745.01.
Maturity amount on Rs 2.50 lakh, Rs 5 lakh, Rs 7.50 lakh, and Rs 10 lakh investment in 1777-day FD for senior citizens
Since the interest rate in the 1777-day FD is 7.15 per cent, the maturity amount on a Rs 2.50 lakh investment in the scheme will be Rs 3,53,00,5.50.
On a Rs 5 lakh investment, it will be Rs 7,06,011.00.
On a Rs 7.50 lakh investment, it will be Rs 10,59,016.51.
On a Rs 10 lakh investment, it will be Rs 14,12,022.01.
Maturity amount on Rs 2.50 lakh, Rs 5 lakh, Rs 7.50 lakh, and Rs 10 lakh investment in 2222-day FD for senior citizens
The interest rate in the 2222-day FD is 7.40 per cent, the maturity amount on a Rs 2.50 lakh investment in the scheme will be Rs 3,90,657.91.
On a Rs 5 lakh investment, it will be Rs 7,81,315.82.
On a Rs 7.50 lakh investment, it will be Rs 11,71,973.73.
On a Rs 10 lakh investment, it will be Rs 15,62,631.64.
Maturity amount on Rs 2.50 lakh, Rs 5 lakh, Rs 7.50 lakh, and Rs 10 lakh investment in 1111-day FD for general citizens
Since the interest rate in the 1111-day FD is 6.65 per cent, the maturity amount on a Rs 2.50 lakh investment in the scheme will be Rs 3,05,580.07.
On a Rs 5 lakh investment, it will be Rs 6,11,160.13.
On a Rs 7.50 lakh investment, it will be Rs 9,16,740.20.
On a Rs 10 lakh investment, it will be Rs 12,22,320.27.
Maturity amount on Rs 2.50 lakh, Rs 5 lakh, Rs 7.50 lakh, and Rs 10 lakh investment in 1777-day FD for general citizens
Since the interest rate in the 1777-day FD is 6.65 per cent, the maturity amount on a Rs 2.50 lakh investment in the scheme will be Rs 3,44,658.46.
On a Rs 5 lakh investment, it will be Rs 6,89,316.92.
On a Rs 7.50 lakh investment, it will be Rs 10,33,975.39.
On a Rs 10 lakh investment, it will be Rs 13,78,633.85.
Maturity amount on Rs 2.50 lakh, Rs 5 lakh, Rs 7.50 lakh, and Rs 10 lakh investment in 2222-day FD for general citizens
Since the interest rate in the 2222-day FD is 6.15 per cent, the maturity amount on a Rs 2.50 lakh investment in the scheme will be Rs 3,62,492.48.
On a Rs 5 lakh investment, it will be Rs 7,24,984.96.
On a Rs 7.50 lakh investment, it will be Rs 10,87,477.44.
On a Rs 10 lakh investment, it will be Rs 14,49,969.92.
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