SBI FD Rate Hike: If your account is in the country’s largest bank SBI, then it is a matter of good news for you. Let us tell you that SBI has started Fixed Deposit. With the help of this, the bank is giving more interest on FD to the investors.
The bank is paying interest at the rate of 7 per cent on this fixed deposit of the bank. After which the customers will become rich. Along with its ordinary customers, SBI is also giving more benefits on fixed deposits to senior citizens. In such a situation, if you are going to make a fixed deposit in SBI, then read all the information in detail here.
In this fixed deposit scheme, SBI is paying interest at the rate of 4.50 to 5.80 per cent on investment of fixed deposits of 7 days to 365 days. On the other hand, talking about senior citizens, the bank is giving interest at the rate of 5.0 per cent to 6.30 per cent on fixed deposits to the elderly. Strong interest is being received by SBI on fixed deposits of 5 to 10 years. In which senior citizens and ordinary people are getting interest at the rate of 6.10 per cent to 6.60 per cent.
Know quickly about SBI’s FD scheme
SBI Term Deposit Scheme – In this scheme of SBI, the investor gets the option to take FD from 7 days to 10 years. The investor gets strong benefits in this fixed deposit. You can invest at least Rs 1000 in this FD. Along with this, the option of early maturity is also available.
SBI Tax Saving FD Scheme- Investors can invest in this special scheme of SBI for 5 years. With this, the maximum investment capacity is Rs 1.5 lakh, while money can be withdrawn before maturity on this FD, in which there is no tax in any way.
SBI Fixed Deposit Reinvestment Plan- On the other hand, you can invest in this plan of SBI for between 6 years to 10 years. With this, you can start the process of investing in this FD scheme from Rs 1000. The special thing about this scheme is that you can get interest by re-investing the interest received in the amount invested, that is, you can reinvest. Along with this, the facility of taking loan is available in this scheme.
