SBI FD 1-year vs SBI FD 5-year: How much general and senior citizens will get on maturity if they invest Rs 4.50 lakh and Rs 9 lakh in fixed deposit schemes
SBI's FD schemes offer flexible tenures, starting from 7 days to 10 years, with special interest rates for senior citizens, including an additional premium through the SBI Wecare Deposit Scheme.
SBI offers flexible fixed deposit (FD) schemes with a deposit tenure ranging from a minimum of 7 days to a maximum of 10 years, available at all branches. The minimum deposit amount is Rs. 1,000, with no upper limit, though deposits of Rs 2 crore and above are classified as bulk deposits. Senior citizens enjoy a 0.50% higher interest rate compared to other depositors, exclusively for resident senior citizen accounts. Additionally, the SBI Wecare Deposit Scheme provides an extra 50 bps interest for senior citizens on FD tenures of 5 years and above, available for both new and renewed deposits.
SBI 1-year FD interest rate for general
6.80%
SBI 1-year FD interest rate for senior citizens:
7.30%
SBI 5-year FD interest rate for general citizens:
6.50%
SBI 5-year FD interest rate for senior citizens:
7.50%
SBI 1-year FD: Maturity for general citizens on a Rs 4.50 lakh deposit:
Estimated interest: Rs 31,389, Maturity value: Rs 4,81,389
SBI 1-year FD: Maturity for general citizens on a Rs 9 lakh deposit:
Estimated interest: Rs 62,778, Maturity value: Rs 9,62,778
SBI 1-year FD: Maturity for senior citizens on a Rs 4.50 lakh deposit:
Estimated interest: Rs 33,760, Maturity value: Rs 4,83,760
SBI 1-year FD: Maturity for senior citizens on a Rs 9 lakh deposit:
Estimated interest: Rs 67,521, Maturity value: Rs 9,67,521
SBI 5-year FD: Maturity for general citizens on a Rs 4.50 lakh deposit:
Estimated interest: Rs 1,71,189, Maturity value: Rs 6,21,189
SBI 5-year FD: Maturity for general citizens on a Rs 9 lakh deposit:
Estimated interest: Rs 3,42,378, Maturity value: Rs 12,42,378
SBI 5-year FD: Maturity for senior citizens on a Rs 4.50 lakh deposit:
Estimated interest: Rs 2,02,477, Maturity value: Rs 6,52,477
SBI 5-year FD: Maturity for senior citizens on a Rs 9 lakh deposit:
Estimated interest: Rs 4,04,953, Maturity value: Rs 13,04,953