SBI FD Interest Rates for Senior Citizens and General Citizens: What country's top lender is offering in its Amrit Kalash, 1-year, 3-year, and 5-year schemes

SBI FD Rates for Senior Citizens and General Citizens: State Bank of India runs fixed deposit schemes for general citizens as well as senior citizens. The country's largest lender offers extra interest rate to senior citizens. The main schemes that the bank runs for the senior as well general citizens. The main SBI FD schemes are- 444-day Amrit Kalash scheme, 1-year FD, 3-year FD, and 5-year FD. Under Section 80C of the Income Tax Act, investors get tax benefits in the 5-year FD on deposits up to Rs 1.50 lakh in a financial year. Since this is a guaranteed return scheme, many senior citizens use SBI FDs as a source of regular income post retirement. In this write-up, know what SBI is offering in its Amrit Kalash, 1-year, 3-year, and 5-year FD schemes to senior citizens as well as general citizens (data source: Paisabazaar.com).
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