State Bank of India (SBI) is offering attractive interest rates on Fixed Deposits (FDs), making it a great choice for people looking to grow their savings safely.
The interest rates range from 3.05% to 7.15%, depending on the scheme and tenure.
You can open an FD with SBI for as little as 7 days or as long as 10 years.
At the end of the tenure, you get your full money back along with guaranteed interest, making it a reliable way to earn extra income without risk.
Amrit Varshiti Special FD: Highest Interest Rates
One of SBI’s standout schemes is the Amrit Varshiti Special FD, which offers the highest interest rates.
For a 444-day FD, general citizens get 6.45%, senior citizens get 6.95%, and super senior citizens get 7.05%.
For longer tenures of 5 to 10 years, general citizens earn 6.05%, senior citizens 7.05%, and super senior citizens 7.15%.
This makes it one of the most rewarding FD options in the market today.
How Much Can You Earn?
Let’s take an example: depositing ₹2,00,000 in a 6-year FD with SBI.
General citizens will receive ₹2,86,747, which includes ₹86,747 in interest.
Senior citizens will get ₹3,04,184, including ₹1,04,184 in interest.
Super senior citizens will earn ₹3,05,983, with a total interest of ₹1,05,983.
This shows how SBI FDs can help your money grow steadily, especially if you are planning for long-term financial goals.
