State Bank of India (SBI) is offering attractive interest rates on its Fixed Deposit (FD) schemes, making it a popular choice for safe investments.
You can start an FD with SBI for as little as 7 days, and extend it up to 10 years depending on your financial goals.
Currently, SBI offers interest rates ranging from 3.05% to 7.05%, depending on the tenure and customer category.
This flexibility allows investors to choose a plan that suits their needs.
Interest Rates for 1-Year FD and Special Schemes
For a standard 1-year (365 days) FD, SBI offers:
6.25% for general citizens
6.75% for senior citizens
6.85% for very senior citizens (80 years and above)
SBI also has a special scheme called the Amrit Vrishti FD, which offers even higher returns for a 444-day tenure:
6.45% for general citizens
6.95% for senior citizens
7.05% for very senior citizens
This makes it one of the most rewarding short-term FD options currently available.
How Much Will ₹2 Lakh Earn in 1 Year?
Planning to invest ₹2,00,000 for 1 year? Here’s how much you can expect at maturity:
General citizens:
You will receive ₹2,12,796, earning ₹12,796 as interest
Senior citizens:
You will receive ₹2,13,846, earning ₹13,846 as interest
Very senior citizens:
You will receive ₹2,14,056, earning ₹14,056 as interest
Is SBI FD Worth It?
If you’re looking for a safe and stable return, SBI FDs remain a reliable option.
With competitive rates and flexible tenures, they are ideal for both short-term and long-term financial planning.
Whether you’re a first-time investor or someone looking to park funds securely, SBI’s FD schemes can help you earn steady returns without market risk.
