State Bank of India is offering interest rates ranging from 6.05% up to a maximum of 7.15% on FD accounts with tenures ranging from 5 to 10 years.
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SBI Schemes: State Bank of India is India’s largest public sector bank. State Bank of India (SBI) not only boasts the largest customer base but also possesses the most extensive network of branches across the country. The nation’s largest public sector bank is offering impressive returns to its customers through its Fixed Deposit (FD) schemes. This public sector bank is currently offering its customers bumper interest rates ranging from 3.05% to 7.15% on their FD accounts. Here, we will explore a specific SBI FD scheme where a deposit of just ₹1 lakh can yield fixed interest earnings of up to ₹42,524.
SBI Offers Up to 7.05% Interest to Senior Citizens
At State Bank of India, an FD account can be opened for a tenure ranging from a minimum of 7 days to a maximum of 10 years. SBI offers interest rates ranging from 3.05% to 3.65% on 7-day FD schemes; from 4.90% to 5.50% on schemes with a tenure of 46 to 179 days; and from 5.65% to 6.25% on schemes with a tenure of 180 to 210 days. Furthermore, this public sector bank offers interest rates ranging from 6.05% up to a maximum of 7.15% on FD accounts with a tenure of 5 to 10 years.
Deposit ₹1,00,000 in SBI to Earn Fixed Interest of Up to ₹42,524
If a general citizen deposits ₹1 lakh into a 5-year FD scheme at State Bank of India, they will receive a total of ₹1,35,018 upon maturity, which includes an interest component of ₹35,018. If you are a senior citizen and deposit ₹1 lakh in SBI’s 5-year FD scheme, you will receive a total of ₹1,41,826 upon maturity, which includes interest of ₹41,826. Similarly, if you are a super senior citizen and deposit ₹1 lakh in SBI’s 5-year FD scheme, you will receive a total of ₹1,42,524 upon maturity, which includes interest of ₹42,524.
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