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: 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.
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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SBI Amrit Kalash FD rates for general citizens
The lender offers its highest interest rate to general citizens at 7.25 per cent in this special scheme.
SBI 1-year FD interest rate for general citizens
The interest rate in the 1-year SBI FD is 6.80 per cent.
SBI 3-year FD interest rate for general citizens
The 3-year SBI FD offers 6.75 per cent interest rate.
SBI 5-year FD interest rate for general citizens
In the 5-year SBI FD, the interest rate is 6.50 per cent.
SBI Amrit Kalash FD interest rate for senior citizens
For senior citizens too, SBI offers its highest FD interest rate in the Amrit Kalash scheme. The interest rate in it is 7.75 per cent.
SBI 1-year FD interest rate for senior citizens
SBI offers 7.30 per cent interest rate to senior citizens in the 1-year scheme.
SBI 3-year FD interest rate for senior citizens
The interest rate in the 3-year SBI senior citizen FD is 7.25 per cent.
SBI 5-year FD interest rate for senior citizens
Senior citizens get 7.50 per cent interest rate in the 5-year SBI FD