SBI Senior Citizen FD Interest Rates: Know how Rs 5 lakh, Rs 10 lakh, and Rs 15 lakh investments will give in maturity in Amrit Vrishti, 1-, 3-, and 5-year fixed deposit schemes
Latest SBI Senior Citizen FD Rates: State Bank of India (SBI) offers special fixed deposit (FD) schemes such as Amrit Vrishti, Amrit Kalash, Green Rupee Deposit. Among traditional FDs, it runs 1-year, 3-year, 5-year, and 10-year FDs.
SBI Senior Citizen FD Rate: Retirement is a stage where senior citizens need money and where they prefer investment with the least risk. That's why a lot of them prefer investing in fixed deposit schemes (FDs). In this type of investment, they get guaranteed return. So based on their requirements, they can calculate their post-retirement expenses and invest money according to that. Banks offer extra interest rates to senior citizens compared to what they offer to general citizens. The standard rule is that senior citizen investors can get the return amount on maturity, but if they want, they can opt for monthly, quarterly, half-yearly, or yearly withdrawals.
As far as State Bank of India (SBI) is concerned, among all its FDs, the lender offers its highest interest rate to senior citizens in the Amrit Vrishti special FD. The 444-day FD offers 7.75 per cent interest rate to senior citizens. Interest rates in SBI's 1-, 3-, and 5-year senior citizen FDs are 7.30 per cent, 7.25 per cent, and 7.50 per cent, respectively. (Data as per Paisabazaar.com). In this write-up, know what will be maturity amounts for senior citizens if they invest Rs 5 lakh, Rs 10 lakh, and Rs 15 lakh in the SBI Amrit Vrishti, 1-, 3-, and 5-year FDs.
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SBI Amrit Vrishti Senior Citizen FD: Maturity on Rs 5 lakh investment
The estimated interest will be Rs 48,935.21, and the estimated maturity will be Rs 5,48,935.21.
SBI Amrit Vrishti Senior Citizen FD: Maturity on Rs 10 lakh investment
Senior citizens will get estimated return of Rs 97,870.42 and the estimated maturity amount of Rs 10,97,870.42.
SBI Amrit Vrishti Senior Citizen FD: Maturity on Rs 15 lakh investment
On investing Rs 15 lakh, senior citizens will get estimated Rs 1,46,805.63 in interest and estimated Rs 16,46,805.63 in interest.
SBI Senior Citizen 1-year FD: Maturity on Rs 5 lakh investment
The estimated interest on a Rs 5 lakh investment will be Rs 37,511, while the estimated corpus will be Rs 5,37,511.
SBI Senior Citizen 1-year FD: Maturity on Rs 10 lakh investment
On investing Rs 10 lakh, senior citizens will get estimated interest of Rs 75,023 and the estimated maturity amount of Rs 10,75,023.
SBI Senior Citizen 1-year FD: Maturity on Rs 15 lakh investment
If senior citizens invest Rs 15 lakh in the 1-year FD, their estimated return will be Rs 1,12,534, and the estimated maturity amount will be Rs 16,12,534.
SBI Senior Citizen 3-year FD: Maturity on Rs 5 lakh investment
A Rs 5 lakh investment in the 3-year FD will help senior citizens fetch estimated interest of Rs 1,20,273, and the estimated maturity of Rs 6,20,273.
SBI Senior Citizen 3-year FD: Maturity on Rs 10 lakh investment
Senior citizens will get estimated Rs 2,40,547 in interest and estimated Rs 12,40,547 in maturity.
SBI Senior Citizen 3-year FD: Maturity on Rs 15 lakh investment
If they invest Rs 15 lakh in the 3-year FD, senior citizens will get estimated interest of Rs 3,60,820, and estimated maturity of Rs 18,60,820.
SBI Senior Citizen 5-year FD: Maturity on Rs 5 lakh investment
Senior citizens will get estimated Rs 2,24,974 in interest and estimated Rs 7,24,974 in maturity.
SBI Senior Citizen 5-year FD: Maturity on Rs 10 lakh investment
On investing Rs 10 lakh in the 5-year FD, the estimated interest for senior citizens will be Rs 4,49,948, and the estimated maturity amount will be Rs 14,49,948.
SBI Senior Citizen 5-year FD: Maturity on Rs 15 lakh investment
If someone invests Rs 15 lakh in the 5-year FD, they will get estimated Rs 6,74,922 in interest and estimated Rs 21,74,922 in maturity.