When it comes to safe and steady investments, Fixed Deposits (FDs) are still the top choice for many, especially senior citizens.
The State Bank of India (SBI) offers a range of FD schemes with attractive interest rates and flexible tenures — from just seven days up to 10 years.
For those aged 60 and above, SBI provides higher interest rates than for general customers, helping retirees earn more from their savings.
Here’s a quick look at how much senior citizens can earn under different SBI FD schemes.
SBI Amrit Vrishti Scheme: A Special 444-Day Deposit
SBI’s Amrit Vrishti FD is a special short-term deposit plan with a tenure of 444 days.
It currently offers an interest rate of 7.10% for senior citizens.
If you invest:
₹3 lakh, you’ll receive ₹3,26,814 at maturity
₹6 lakh, you’ll get ₹6,53,629
₹9 lakh, you’ll earn ₹9,80,443
This plan is ideal for those looking for slightly higher returns in a little over a year’s time.
1-Year, 3-Year, and 5-Year FD Rates
1-Year FD:
SBI offers a 6.75% interest rate for senior citizens on its one-year deposits.
₹3 lakh grows to ₹3,20,768
₹6 lakh grows to ₹6,41,537
₹9 lakh grows to ₹9,62,305
Perfect for those seeking short-term returns with flexibility.
3-Year FD:
For a medium-term investment, SBI provides 6.80% interest.
₹3 lakh becomes ₹3,67,259
₹6 lakh becomes ₹7,34,518
₹9 lakh becomes ₹11,01,778
This option balances growth and stability — suitable for medium-term financial goals.
5-Year FD:
For long-term investors, the 5-year FD gives a 7.05% return.
₹3 lakh matures to ₹4,25,478
₹6 lakh to ₹8,50,955
₹9 lakh to ₹12,76,433
This longer tenure is great for retirees who prefer consistent income and safety over market risks.
Why Senior Citizens Prefer SBI FDs
Higher interest rates than regular customers
Flexible tenures — from 7 days up to 10 years
Reliable returns backed by India’s largest public-sector bank
Simple investment process through SBI branches or the online portal
The Bottom Line
SBI’s FD options give senior citizens the peace of mind of secure returns, no matter how the market performs.
Whether you’re investing for one year or five, there’s a plan to suit every financial need.
If you’re planning to invest this festive season, these FD rates can help you earn more while keeping your money safe.
