SBI Senior Citizen FD Latest Interest Rates: What senior citizens can get on Rs 6 lakh, Rs 12 lakh, and Rs 18 lakh investment in Amrit Vrishti, 1-year, 3-year, 5-year FDs
SBI Senior Citizen FD Updated Interest Rates: State Bank of India (SBI) offers its highest interest rate to senior citizens in its 444-day Amrit Vrishti special FD at 7.75 per cent. Senior citizens get the interest rate of 7.30 per cent in 1-year FD, 7.25 per cent in 3-year FD, and 7.50 per cent in the 5-year FD.
SBI Senior Citizen FD Latest Interest Rates: Senior citizens need a regular source of income post retirement. They can get it in the form of a monthly pension, rent from their property, or return through investments. Since they can't take much risk with their investments post retirement, a lot of them invest in guaranteed return schemes such as fixed deposits (FDs). In FDs, they invest one time and get return in the form of interest. They can get this interest on maturity, or monthly, quarterly, and yearly. Banks offer them additional interest rates on FDs compared to what they offer to general citizens.
For senior citizens, State Bank of India (SBI) also runs special FD schemes such as Amrit Kalash, Amrit Vrishti, Green Deposit, Sarvottam, and normal FDs like 1-year, 3-year, and 5-year schemes.
The country's top lender offers its highest interest rate to senior citizens in its 444-day Amrit Vrishti special FD at 7.75 per cent. Senior citizens get interest rates of 7.30 per cent in 1-year FD, 7.25 per cent in 3-year FD, and 7.50 per cent in the 5-year FD. In this write-up, know how much maturity amount senior citizens will get on investments of Rs 6 lakh, Rs 12 lakh, and Rs 18 lakh investments in the Amrit Vrishti, 1-, 3-, and 5-year FDs.
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Maturity on Rs 6 lakh investment in SBI Amrit Vrishti Senior Citizen FD
The estimated interest on a Rs 6 lakh investment in the special FD will be Rs 5,87,22.25.
The estimated maturity will be Rs 6,58,722.25.
Maturity on Rs 12 lakh investment in SBI Amrit Vrishti Senior Citizen FD
The estimated interest on a Rs 12 lakh investment in the FD will be Rs 1,17,444.50.
The estimated maturity will be Rs 13,17,444.50.
Maturity on Rs 18 lakh investment in SBI Amrit Vrishti Senior Citizen FD
The estimated interest on a Rs 18 lakh investment in the special FD will be Rs 1,76,166.76.
The estimated maturity will be Rs 19,76,166.76.
Maturity on Rs 6 lakh investment in SBI 1-year Senior Citizen FD
The estimated interest on a Rs 6 lakh investment in the 1-year FD will be Rs 45,014.
The estimated maturity will be Rs 6,45,014.
Maturity on Rs 12 lakh investment in SBI 1-year Senior Citizen FD
The estimated interest on a Rs 12 lakh investment in the 1-year FD will be Rs 90,027.
The estimated maturity will be Rs 12,90,027.
Maturity on Rs 18 lakh investment in SBI 1-year Senior Citizen FD
The estimated interest on a Rs 18 lakh investment in the 1-year FD will be Rs 1,35,041.
The estimated maturity will be Rs 19,35,041.
Maturity on Rs 6 lakh investment in SBI 3-year Senior Citizen FD
The estimated interest on a Rs 6 lakh investment in the 3-year FD will be Rs 1,44,328.
The estimated maturity will be Rs 7,44,328.
Maturity on Rs 12 lakh investment in SBI 3-year Senior Citizen FD
The estimated interest on a Rs 12 lakh investment in the 3-year FD will be Rs 2,88,656.
The estimated maturity will be Rs 14,88,656.
Maturity on Rs 18 lakh investment in SBI 3-year Senior Citizen FD
The estimated interest on a Rs 18 lakh investment in the 3-year FD will be Rs 4,32,985.
The estimated maturity will be Rs 22,32,985.
Maturity on Rs 6 lakh investment in SBI 5-year Senior Citizen FD
The estimated interest on a Rs 6 lakh investment in the 5-year FD will be Rs 8,69,969.
The estimated maturity will be Rs 2,69,969.
Maturity on Rs 12 lakh investment in SBI 5-year Senior Citizen FD
The estimated interest on a Rs 12 lakh investment in the 5-year FD will be Rs 17,39,938.
The estimated maturity will be Rs 5,39,938.
Maturity on Rs 18 lakh investment in SBI 5-year Senior Citizen FD
The estimated interest on a Rs 18 lakh investment in the 5-year FD will be Rs 26,09,906.
The estimated maturity will be Rs 8,09,906.