SBI Fixed Deposit (FD) Rates for Senior Citizens: Check Returns on ₹1 Lakh Investment

Want to earn higher returns on your savings? SBI offers special FD rates for senior citizens with guaranteed growth. Check the latest interest rates and see how much you can earn on a ₹1 lakh investment!

Check SBI’s latest FD rates for senior citizens. Get up to 7.75% interest on FDs and see how much you’ll earn on a ₹1 lakh investment. Safe & secure returns!

Check SBI’s latest FD rates for senior citizens. Get up to 7.75% interest on FDs and see how much you’ll earn on a ₹1 lakh investment. Safe & secure returns!

State Bank of India (SBI), the country’s largest bank, offers special fixed deposit (FD) schemes for senior citizens (aged 60 and above) with higher interest rates than regular deposits. These FDs are a popular investment option due to their guaranteed returns.

Here’s a look at SBI’s latest FD rates for senior citizens and how much they can earn on an investment of ₹1 lakh:

SBI FD Interest Rates for Senior Citizens

  • Amrit Vrishti Scheme (444 days tenure)
    • Interest Rate: 7.75%
    • Maturity Amount: ₹1,07,978
  • 1-Year FD
    • Interest Rate: 7.30%
    • Maturity Amount: ₹1,07,502
  • 2-Year FD
    • Interest Rate: 7.50%
    • Maturity Amount: ₹1,07,714
  • 3-Year FD
    • Interest Rate: 7.25%
    • Maturity Amount: ₹1,07,450
  • 5-Year FD
    • Interest Rate: 7.50%
    • Maturity Amount: ₹1,07,714

READ MORE: 20 Factors to Consider Before Investing in Mutual Funds

Additional Benefits of SBI FDs

  • Nomination Facility: Senior citizens can nominate a family member to receive the maturity amount.
  • Loan Against FD: SBI provides loans against fixed deposits at lower interest rates compared to regular loans.

Fixed deposits provide secure and predictable returns, making them a reliable choice for senior citizens looking for stable investment options. SBI’s fixed deposits provide secure, high returns for senior citizens. With attractive interest rates and flexible options, it’s a smart choice for safe investments. Start investing today and grow your savings hassle-free!

Disclaimer: This is not financial or investment advice. Please conduct your own due diligence or seek expert guidance for financial planning.

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