SBI Latest FD Rates: PSU bank pays these returns to senior citizens and other depositors on 1-year, 3-year and 5-year fixed deposits
SBI Amrit Vrishti scheme is a 444-day fixed deposit scheme. The PSU bank gives 7.25 per cent interest rate to general citizens while senior citizens get 7.75 per cent interest rate on Amrit Vrishti.
Banks and financial institutions offer fixed deposits (FDs), a popular way to invest in a long-term savings scheme. FDs are considered safe as they are not linked to market fluctuations. They provide guaranteed returns which you are promised at the time of deposit. Some FDs also offer tax benefits.
Images: Pixabay, Pexels
State Bank of India FD interest rates
In this article, we will discuss the State Bank of India's (SBI's) FD interest rates in different tenures. Let's see what this public lender provides to general and senior citizens in one-year, three-year, and five-year FD schemes.
Interest rates for senior citizens
Most of the banks provide higher interest rates to senior citizens. It depends from bank to bank.
SBI Amrit Vrishti scheme
It is a 444-day fixed deposit scheme. SBI gives 7.25 per cent interest rate to general citizens.
SBI Amrit Vrishti interest rates for senior citizens
SBI gives 7.75 per cent interest rate to senior citizens on 444-day Amrit Vrishti FD scheme.
SBI FD Rate for 1-year investment
SBI gives 6.80 per cent interest rate on 1-year FD investment.
SBI FD Rate for 3-year investment
SBI gives 6.75 per cent interest rate on 3-year FD investment.
SBI FD Rate for 5-year investment
SBI gives 6.50 per cent interest rate on 5-year FD investment.
SBI FD rate for senior citizens
444 days - Amrit Vrishti scheme, SBI gives 7.75 per cent interest rate.
SBI FD Rate for senior citizens: 1-year investment
SBI gives 7.30 per cent interest rate on one year FD investment.
SBI FD Rate for senior citizens: 3-year investment
SBI gives 7.25 per cent interest rate on 3-year FD investment.
SBI FD Rate for senior citizens: 5-year investment
SBI gives 7.50 per cent interest rate on 5-year FD investment.