SBI General and Senior Citizen FD rates: Know what State Bank of India is offering on 1-year, 3-year and 5-year fixed deposits
SBI general and senior citizen FD rates: All banks generally provide higher FD interest rates to senior citizens than general citizens.
Every bank provides different interest rates on fixed deposit (FD) schemes annually. In FD, we need to deposit a lumpsum amount for a fixed period to get the benefit of interest.
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Why FD is considered a safe investment option
The interest rate on FD is fixed. Because of their guaranteed and fixed returns, FDs are considered a safe option. FD returns are not affected by market fluctuations.
FD interest rates for senior citizens
All banks generally provide higher FD interest rates to senior citizens than general citizens.
State Bank of India FD interest rates
This article will discuss the State Bank of India's (SBI) FD interest rate that it gives to general and senior citizens on 1-year, 3-year, and 5-year fixed deposits.
SBI general citizen FD interest rate
In 444 days - Amrit Vrishti FD scheme, SBI gives 7.25 per cent interest rate to general citizens.
SBI FD interest rate on 1-year FD
In one year, the bank provides a 6.80 per cent interest rate to general citizens.
SBI FD interest rate on 2-year FD
In three years, the bank will provide a 6.75 per cent interest rate to general citizens.
SBI FD interest rate on 3-year FD
In five years, the bank will provide a 6.50 per cent interest rate to general citizens.
SBI senior citizen FD interest rate
In 444 days - Amrit Vrishti FD scheme, SBI gives 7.75 per cent interest rate to senior citizens.
SBI FD interest rate on 1-year FD
In one year, the bank provides 7.30 per cent interest rate to senior citizens.
SBI FD interest rate on 2-year FD
In three years, the bank will provide a 7.25 per cent interest rate to senior citizens.
SBI FD interest rate on 3-year FD
In five years, the bank will provide a 7.50 per cent interest rate to senior citizens.