Mon, Sep 16, 2024
Compare SBI Senior Citizen 5-year FD vs NSC to see which offers better returns on a Rs 2.50 lakh investment. Explore maturity amounts, tax benefits, and interest rates to decide.
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Fri, Sep 06, 2024
SBI Senior Citizen FD Interest Rates 2024: State Bank of India (SBI) runs many fixed deposit (FD) schemes for senior citizens. They can invest in the Amrit Kalash special scheme, 1-year, 3-year, and 5-year FDs. If senior citizens invest in the 5-year FD, they also get tax benefits under Section 80C of the Income Tax Act, 1961.
Tue, Sep 03, 2024
SBI FD Rates for Senior Citizens and General Citizens: The main SBI FD schemes are- 444-day Amrit Kalash scheme, 1-year FD, 3-year FD, and 5-year FD. Under Section 80C of the Income Tax Act, investors get tax benefits in the 5-year FD on deposits up to Rs 1.50 lakh in a financial year. Since this is a guaranteed return scheme, many senior citizens use SBI FDs as a source of regular income post retirement.
Fri, Aug 30, 2024
SBI Senior Citizen FD Interest Rates 2024: State Bank of India (SBI) is running the Amrit Kalash, 1-year, 3-year, and 5-year fixed deposit (FD) schemes for senior citizens. SBI offers its highest interest rate in the 444-day Amrit Kalash scheme. The special scheme for limited time provides 7.75 per cent annual interest rate to senior citizens. Investment in the 5-year FD provides up to Rs 1.50 lakh tax benefits under Section 80C of the Income Tax Act, 1961.
Fri, Aug 23, 2024
SBI Senior Citizen Latest Fixed Deposit (FD) Interest Rates: Fixed deposit (FD) is a guaranteed return scheme where one-time investment provides you fixed income in the form of interest rate. Investors who don't want to invest in market-linked investments or senior citizens who don't have a risk appetite and need a regular income opt for FDs. Investment in the 5-year FD provides tax benefits of up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act, 1961.
Tue, Aug 13, 2024
SBI gives 7.5 per cent interest to senior citizens on a five-year FD.
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