SBI FD Interest Rates: Know latest rates SBI offers on Amrit Kalash, 1-,3-, and 5-year fixed deposits to general and senior citizens
SBI Amrit Kalash: The interest rate varies from bank to bank. It also depends on the period of investment and the amount deposited.
SBI Amrit Kalash: A fixed deposit (FD) is an investment in which a person deposits a lump sum amount with a bank for a certain period of time. The cash deposited in the FD earns interest at a predefined rate set at the time of account opening. FD holders can receive their interest monthly, quarterly, semi-annually, or yearly.
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Interest rate on FD
The interest rate varies from bank to bank. It also depends on the period of investment and the amount deposited.
SBI Amrit Kalash
Now, let's take a look at the State Bank of India's (SBI) FD interest rates on Amrit Kalash for general and senior citizens for one-, three-, and five-year periods.
For general citizens:
Tenure: 444 days
Interest rate: 7.25%
Tenure: 1-year
Interest rate: 6.8%
Tenure: 3-year
Interest rate: 6.75%
Tenure: 5-year
Interest rate: 6.5%
For senior citizens:
Tenure: 444 days
Interest rate: 7.75%
Tenure: 1-year
Interest rate: 7.3%
Tenure: 3-year
Interest rate: 7.25%
Tenure: 3-year
Interest rate: 7.5%
TDS on Amrit Kalash
It is applicable as per the income-tax act.