SBI Latest FD Rates: Know your maturity amount on Rs 3 lakh investment in PSU bank's 1-year, 3-year, and 5-year fixed deposits

The PSU bank provides 7.50 per cent interest rates to senior citizens on five-year tenure while others get 6.50 per cent interest rates.

ZeeBiz WebTeam | Jan 29, 2025, 10:50 AM IST

The State Bank of India (SBI) offers a variety of investment schemes to both senior citizens and others. SBI's special FD scheme Amrit Vrishti pays 7.75 per cent interest to senior persons and 7.25 per cent to others. The PSU bank also provides one-, three-, and five-year fixed deposit options. SBI has also has introduced the SBI Patrons Fixed Deposit Scheme, specifically for super senior citizens aged 80 and above.

Images: Pixabay, Pexels

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SBI FD schemes: 1-year, 3-year, and 5-year tenures

SBI FD schemes: 1-year, 3-year, and 5-year tenures

A look at the interest rate on SBI's FD schemes of 1-year, 3-year, and 5-year tenures for senior citizens and others:

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SBI Patrons FD scheme interest rate

SBI Patrons FD scheme interest rate

Under this FD scheme, SBI offers an additional 10 basis points interest rate (0.10 per cent) above the existing senior citizen rates.

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SBI FD tenure

SBI FD tenure

The SBI FD tenure ranges from seven days to 10 years.

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SBI nomination facility

SBI nomination facility

SBI offers a nomination feature, allowing depositors to nominate family members or spouses to collect the maturity money.

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How much interest rate does SBI offer to senior citizens on FDs?

How much interest rate does SBI offer to senior citizens on FDs?

Senior persons over Rs 10,000 can enjoy a 0.50 per cent higher SBI FD interest rate.

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Auto-renewal

Auto-renewal

Depositors can also avail the auto-renewal facility.

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SBI 1-year FD interest rates

SBI 1-year FD interest rates

The PSU bank provides 7.30 per cent interest rates to senior citizens on one-year tenure while others get 6.80 per cent interest rates.

 

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SBI 3-year FD interest rates

SBI 3-year FD interest rates

The PSU bank provides 7.25 per cent interest rates to senior citizens on three-year tenure while others get 6.75 per cent interest rates.

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SBI 5-year FD interest rates

SBI 5-year FD interest rates

The PSU bank provides 7.50 per cent interest rates to senior citizens on five-year tenure while others get 6.50 per cent interest rates.

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What will you get on a Rs 3 lakh deposit in 1-5 years tenure?

What will you get on a Rs 3 lakh deposit in 1-5 years tenure?

If you invest Rs 3 lakh in SBI FD for one year; you will get Rs 3,20,926 on maturity, Rs 3,66,718 in three years, and Rs 4,14,126 in five years.

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What a senior citizen will get on a Rs 3 lakh deposit in 1-5 years tenure?

What a senior citizen will get on a Rs 3 lakh deposit in 1-5 years tenure?

If a senior citizen invests Rs 3 lakh in SBI FD for one year, they will get Rs 3,22,507 on maturity, Rs 3,72,164 in three years, and Rs 4,34,984 in five years.

 

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