SBI FD Interest Rates for General and Senior Citizens: Here's what India's top lender is offering in its 1-, 3-, 5-year, & Amrit Vrishti fixed deposit schemes
Latest SBI FD Interest Rates: State Bank of India (SBI) offers many special fixed deposit (FFDs) and traditional FDs. The bank offers extra interest rates to senior citizens. They can opt for getting return on the scheme's maturity or monthly, quarterly, half-yearly, and yearly.
Latest SBI FD Interest Rates: Fixed deposit schemes provide guaranteed return to their investors. So, investors who want minimum risk with their investments invest in FDs. Senior citizens seeking regular income from their investments also opt for FDs. Since they don't want much risk with their money and want a certain amount every month to run their expenses invest in FDs. Banks also offer extra interest rates to senior citizens in comparison with what they offer to general citizens. Investors get a fixed interest rate on their deposits. They can withdraw this return on the maturity of the FD. Banks, however, offer monthly, quarterly, half-yearly, and yearly payments to FD holders.
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SBI FD interest rates
Banks offer special as well as traditional FDs. Special FDs are for a limited duration and often offer extra interest rates to their holders compared to what traditional FDs offer to them.
SBI fixed deposit interest rates
Like many other banks, State Bank of India (SBI) too offers special FDs and traditional FDs to its subscribers. In this write-up, know what the bank offers in its highest interest rate FD and traditional FDs to general and senior citizens (Source Paisabazaar.com).
SBI general citizen FD: Highest interest rate (Amrit Vrishti FD)
SBI offers its highest interest rate to general citizens in the Amrit Vrishti FD.
The interest rate in the 444-day special FD is 7.25 per cent.
SBI general citizen FD: Interest rate in 1-year FD
It is offering 6.80 interest rate in the 1-year FD.
SBI general citizen FD: Interest rate in 3-year FD
General citizens get 6.75 per cent interest in its 3-year FD.
SBI general citizen FD: Interest rate in 5-year FD
The No. 1 lender offers 6.50 per cent interest rate in its 5-year FD.
SBI senior citizen FD: Highest interest rate (Amrit Vrishti FD)
SBI offers its highest interest rate to senior citizens in the Amrit Vrishti FD.
The special FD offers the interest rate of 7.75 per cent.
SBI senior citizen FD: Interest rate in 1-year FD
In the 1-year FD, senior citizens get 7.30 per cent interest rate.
SBI senior citizen FD: Interest rate in 3-year FD
The interest rate in SBI's 3-year FD is 7.25 per cent.
SBI senior citizen FD: Interest rate in 5-year FD
Senior citizens get 7.50 per cent interest rate in the 5-year FD.