Latest SBI FD Interest Rates for General and Senior Citizens: Know what India's top bank is offering on Amrit Kalash, 1-, 2-, and 3-year FDs
SBI FD Interest Rates for General and Senior Citizens 2024: State Bank of India runs a lot of fixed deposit schemes for general and senior citizens. It offers more FD interest rates to senior citizens compared to what it offers to general citizens. If one invests in the 5-year FD, they also get the advantage of tax benefits of up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act. This benefit is for taxpayers following the old tax regime.
SBI FD Interest Rates for General and Senior Citizens 2024: Fixed deposit (FD) are guaranteed return schemes where one invests one time and gets maturity in the form of interest and principal amounts. People often use this investment tool to park their lump sum amount which they don't want to use at present. Since the scheme is non-market-linked, investors who don't want to take risk with their money and need guaranteed returns invest in FD. Most of the banks, including State Bank of India (SBI), run a lot of FD schemes for general and senior citizens. Investment in its 5-year FD also provides tax benefits under Section 80C of the Income Tax Act, 1961. The country's top lender also offers an extra interest rate to senior citizens. Here, we take you through the interest rates of SBI's 4 FDs—444 days Amrit Kalash, 1 year, 3 year, and 5 year.
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General Citizen: SBI 444 days Amrit Kalash FD Scheme interest rate
In its 444-day FD for general citizens, SBI is offering its highest interest at 7.25 per cent.
General Citizen: SBI 1-year FD Scheme interest rate
In its 1-year FD, the country's No. 1 lender is offering a 6.80 per cent interest rate.
General Citizen: SBI 3-year FD Scheme interest rate
In its 3-year FD, the country's top lender is offering 6.75 per cent interest rate.
General Citizen: SBI 5-year FD Scheme interest rate
In its 5-year FD, State Bank of India is offering a 6.50 per cent interest rate.
Senior Citizen: SBI 444 days Amrit Kalash FD Scheme interest rate
SBI is offering its highest interest rate to senior citizens in its 444-day Amrit Kalash Scheme. The interest rate is 7.75 per cent.
Senior Citizen—SBI 1-year FD Scheme interest rate
In the 1-year FD scheme, SBI is offering 7.30 per cent interest rate to senior citizens.
Senior Citizen: SBI 3-year FD Scheme interest rate
In its 3-year FD, the country's top lender is offering 7.25 per cent interest rate.
Senior Citizen: SBI 5-year FD Scheme interest rate
SBI is offering 7.50 per cent interest rate to senior citizens in its 5-year FD.