Tue, Nov 19, 2024
The FD interest rates vary from bank to bank. Generally, general citizens receive less interest than senior citizens on FDs.
More >
Mon, Nov 18, 2024
SBI Amrit Vrishti FD scheme: The minimum amount you can invest with an SBI fixed deposit is Rs 1,000. There is no upper limit for investing in Amrit Vrishti FD scheme.
Wed, Sep 25, 2024
Know Your FD Rate: State Bank of India (SBI) offers a wide array of limited-period fixed deposit (FD) schemes with special interest rates. One such scheme is the ‘SBI We-care’ FD, which currently provides annual returns of 7.5 per cent for senior citizens, according to the PSU bank's website, sbi.co.in. In April 2024, SBI—which offers FD tenures ranging from 7 days to 10 years—extended the deadline to open a We-care FD account to September 30. Read on to learn more about this special FD scheme, SBI We-care, with examples.
Tue, Aug 06, 2024
SBI Special FD Schemes: Did you know that the country's largest lender, State Bank of India (SBI), offers a variety of special fixed deposit investment schemes - also known as term deposits? Investing in fixed deposits is considered safer compared to equity or equity-related instruments as they offer returns at a fixed, predetermined rate of interest that is higher than savings accounts. The interest rate offered at the time of opening a fixed deposit remains constant throughout the term of the deposit.
Fri, Jul 12, 2024
SBI Senior Citizen FD Scheme: The bank offers an extra interest rate to senior citizens compared to general citizens. Investment in the 5-year FD also provides tax benefits under Section 80C of the Income Tax Act, 1961, in this non-market-linked scheme.
Mon, Jul 08, 2024
SBI 5-year FD vs Top SBI Debt Fund: When we talk about guaranteed return small savings schemes, some of the first programmes that strike our minds are fixed deposits (FDs). In contrast, mutual funds don't offer guaranteed returns. Even if we talk about debt funds, they also have some equity exposure and don't offer guaranteed returns.
Fri, Jul 05, 2024
SBI Senior Citizen FD Interest Rates 2024: Senior citizens need a regular source of income at their retirement age. So, a lot of them prefer investing in senior citizen fixed deposit schemes as they offer them higher interest rates than general citizens. The 5-year FD also provides tax benefits of up to Rs 1.50 lakh on deposits under Section 80C of the Income Tax Act.
Fri, Jun 28, 2024
SBI Senior Citizen FD Interest Rates: When you cross the retirement age, what may you need to run your daily expenses? It is most likely self-reliance, where you don't have to ask for money for your old-age expenses.
Fri, Jun 21, 2024
SBI Senior Citizen Latest FD Interest Rates: Senior citizens need a source of income in their retirement days so that they don't have to depend on others. They prefer guaranteed return schemes where they get steady income to cover their daily expenses. So, they invest in schemes such as fixed deposits (FD), where they have to invest once and get interest in return.
Fri, Jun 14, 2024
SBI Senior Citizen FD Interest Rates: In post-retirement days, senior citizens look for a steady income source that can help them meet monthly expenses with ease. A fixed deposit (FD) scheme provides them with assurance that they will have a regular income source in the form of interest. State Bank of India (SBI) also offers FDs for senior citizens. The interest rate varies from scheme to scheme.
Tue, Jun 11, 2024
SBI 5-year tax saver FD gives a guaranteed return and tax exemption on deposits. One can get tax relaxation of up to Rs 1.50 lakh on deposits in a financial year in the SBI FD scheme. The FD has a lock-in period of five years.
Fri, May 31, 2024
FDs may be non-market-linked and may not have returns as high as one may get in equities and mutual funds, but a steady income from them in the form of a return gives senior citizens mental peace. Moreover, they don't have to depend on others to meet their monthly expenses. The 5-year FD also provides benefit under Section 80C of the Income Tax Act.
Fri, May 24, 2024
SBI Senior Citizen FD Interest Rates: Like many other banks and non-banking finance companies (NBFCs), State Bank of India (SBI) also offers fixed deposit (FD) schemes for senior citizens, where it gives extra interest than it offers to general citizens. Know what will be the maturity value on investments of certain amounts in the 1-year, 3-year and 5-year FDs.
Wed, May 22, 2024
SBI offers different fixed desposit (FD) schemes, of which the most the most popular are the 400-day Amrit Kalash Scheme, 1-year FD, 3-year FD, and 5-year FD. It provides the highest interest in the Amrit Kalash scheme at 7.10 per cent. The interest rates in the 1-year, 3-year, and 5-year FDs are 6.80 per cent, 6.75 per cent, and 6.50 per cent, respectively.
Fri, May 17, 2024
When you become a senior citizen and cross the age of 60, there are chances that your sources of income are depleted.
Fri, May 10, 2024
The majority of senior citizens are keen on a guaranteed return. It may not be quite high, but it should be regular as it helps them meet their monthly expenditure. Secondly, it also gives them the financial freedom to not depend on others.
Wed, May 01, 2024
SBI MODS scheme: This scheme is similar to any other FD scheme. Unlike regular term deposits, the State Bank of India MOD offers partial withdrawals. One can so receive interest on the MOD balance in SBI at the stated rate.
Tue, Apr 16, 2024
Fixed deposit (FD) is a scheme run by post office as well as banks, small finance banks, and non-banking finance companies (NBFCs). Investors keen on non-market-linked investment products invest in FDs since they provide guaranteed returns. Like many other banks, State Bank of India (SBI) also provides additional interest rates to senior citizens on most of its FDs.
Thu, Mar 21, 2024
In the We Care Scheme, SBI offers 7.50 per cent interest for 5 to 10 years. At the same time, ICICI is giving the same rate on fixed deposits ranging from 5 years, 1 day, to 10 years. While, Amrit Kalash Scheme offers a 7.60 per cent return on a 400-day fixed-term deposit for senior citizens. HDFC Bank, on the other hand, pays 7.10 per cent interest on one-year to less than 15-month fixed deposits.
Tue, Jan 23, 2024
When you are old, your earnings may deplete, but your expenses remain the same. At times, expenses increase because of medical needs or for some other reasons. In such a situation, you need regular monthly income. SBI Annuity Deposit Scheme is one such investment plan that can help you get income every month in the form of equated monthly installments (EMIs). However, it's not a scheme solely based on retirement, an investor can also use it as a lump sum investment option to get regular monthly returns.
Sat, Jan 06, 2024
SBI FD Interest Rate 2024: Recently, the country's largest bank- State Bank of India (SBI)- has increased interest rates on some of its selected maturity fixed deposits (FDs) by up to 0.50 per cent. With the new interest rates in place in SBI FD, let's see what corpus you will make if you invest Rs 5 lakh for 1, 2, 3 and 5 years.
Wed, Dec 27, 2023
SBI FDs are quite popular among investors seeking guaranteed returns and fixed income. Since, an FD is not market-linked, it is a popular investment option among investors with low-risk appetite. Mutual funds are market-linked and their value may increase or decrease with the performance of the share market. In this write-up, we will tell you which of the two options (SBI FD vs Mutual Fund) can give you better returns in the long term.
Thu, Dec 21, 2023
State Bank of India gives 3 per cent to 6.5 per cent annual interest to regular customers and 3.5 per cent to 7.5 per cent to senior citizens on fixed deposits (FDs) of different maturities.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
