FD interest rates that SBI is offering to senior citizens and general citizens in its Amrit Vrishti, 1-, 3-, and 5-year guaranteed return schemes
SBI Senior and General Citizen Latest FD Rates: A fixed deposit is a guaranteed return scheme where investors make a one-time investment and get return in the form of interest. State Bank of India (SBI) runs special FD schemes as well as 1-year, 3-year, and 5-year schemes for general citizens as well as senior citizens.
SBI Senior and General Citizen FD Rates 2024: Investors seeking guaranteed returns and with a low-risk appetite prefer non-market-linked investment options. Fixed Deposit (FD) is one such investment option in which investors make a one-time investment and get return in the form of interest. They get interest on the maturity of the policy, but if they want, they can opt for monthly, quarterly, half-yearly, or yearly withdrawals. Senior citizens who need regular income in their retirement life also invest in FDs. State Bank of India (SBI) offers special, and 1-year, 3-year, and 5-year FDs to senior citizens. Here, we take you through the interest rates that SBI is offering to senior and general citizens in its various FDs. (Data Source: Paisabazaar.com)
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SBI FD Interest Rates For Senior Citizens (Amrit Vrishti FD)
SBI is offering its best interest rate to senior citizens in its Amrit Vrishti Scheme. The interest rate in the 444-day special FD is 7.75 per cent.
SBI FD Interest Rates For Senior Citizens (1-year FD)
The interest rate in the 1-year FD is 7.30 per cent.
SBI FD Interest Rates For Senior Citizens (3-year FD)
SBI is offering 7.25 per cent interest rate to senior citizens in its 3-year FD.
SBI FD Interest Rates For Senior Citizens (5-year FD)
The 5-year SBI FD offers 7.50 per cent interest rate to senior citizens. It also offers tax benefits of up to Rs 1.50 lakh on deposits in a financial year under Section 80C of the Income Tax Act, 1961.
SBI FD Interest Rates For General Citizens
Like senior citizens, SBI is offering its best interest rate to general citizens in its Amrit Vrishti Scheme. The interest rate in the special FD is 7.25 per cent.
SBI FD Interest Rates For General Citizens (1-year FD)
In the 1-year FD, SBI offers 6.80 per cent interest rate.
SBI FD Interest Rates For General Citizens (3-year FD)
The interest rate in the 3-year FD for general citizens is 6.75 per cent.
SBI FD Interest Rates For General Citizens (5-year FD)
The 5-year SBI FD offers 6.50 per cent interest rate to general citizens. Like in the 5-year senior citizen FD, it also offers tax benefits under Section 80C.