State Bank of India is offering the highest interest rate of 6.45 per cent to general citizens, 6.95 per cent to senior citizens and 7.05 per cent to very senior citizens on the Amrit Varsha FD scheme.
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SBI Saving Schemes: The country’s largest public sector bank, SBI, is offering excellent interest rates on FD accounts. The State Bank of India offers its customers interest rates ranging from 3.05% to 7.05%. An FD account can be opened with SBI for a minimum of 7 days. Additionally, you can open an FD with this bank for a maximum term of 10 years. Here, we’ll tell you about one such SBI FD scheme, where you can earn a fixed interest of ₹42,524 by depositing just ₹1 lakh. Let’s explore.
Highest returns for very senior citizens on FD schemes ranging from 5 to 10 years
State Bank of India is offering the highest interest rate on its 444-day Amrit Varshi Special FD scheme. The bank offers the highest interest rate on the Amrit Varshi FD scheme, at 6.45% for general citizens, 6.95% for senior citizens, and 7.05% for very senior citizens. Apart from this, SBI is offering interest of 6.05 percent to general citizens, 7.05 percent to senior citizens and 7.15 percent to very senior citizens on 5-year FD scheme.
A deposit of ₹1,00,000 will earn a fixed interest of ₹42,524.
If you are a general citizen and deposit ₹1 lakh in a 5-year FD with SBI, you will receive a total of ₹1,35,018 upon maturity. This includes a fixed interest of ₹35,018. Similarly, if you are a senior citizen and deposit ₹1 lakh in a 5-year FD with SBI, you will receive a total of ₹1,41,826 upon maturity. This includes a fixed interest of ₹41,826. Similarly, if you are a super senior citizen and deposit ₹1 lakh in a 5-year FD with SBI, you will receive a total of ₹1,42,524 upon maturity, including a fixed interest of ₹42,524.
