State Bank of India (SBI), the country’s largest bank, presents a range of fixed deposit schemes to provide excellent investment options for all customers, including senior citizens.
With SBI We Care and Amrit Kalash schemes, investors can enjoy impressive returns on their investments.
Let’s delve into the details of these schemes and the interest rates they offer.
Interest Rates on SBI FDs: Know the Profitable Deals for Investors
SBI caters to diverse customer needs by offering a wide range of fixed deposit interest rates, ranging from 3% to 7.1%, for different tenures between 7 days and 10 years.
Senior citizens receive an additional benefit of 50 basis points higher interest rates on their FDs.
The interest rates offered by SBI are as follows: 3% on FDs from 7 to 45 days, 4.5% on FDs from 46 to 179 days, 5.25% on FDs from 180 to 210 days, 5.75% on FDs from 211 days to less than 1 year, 6.8% on FDs from 1 year to less than 2 years, 7% on FDs from 2 years to less than 3 years, 6.5% on FDs from 3 years to less than 5 years, and 6.5% on FDs from 5 years up to 10 years.
Amrit Kalash: A Lucrative Limited-Period FD Scheme by SBI
SBI introduced the special Amrit Kalash Fixed Deposit scheme, offering attractive interest rates to both general customers and senior citizens.
With this scheme, investors can enjoy a high interest rate of 7.1% for general customers and 7.6% for senior citizens.
However, please note that the Amrit Kalash scheme is set to end on 15th July. Make the most of this opportunity while it lasts.
Extended Benefit for Senior Citizens: SBI WeCare Deposit Offers High Interest Rates
The SBI WeCare scheme, initially launched for senior citizens, has now been extended till 30th September.
This special FD scheme provides high interest rates to senior citizens for a tenure ranging from 5 to 10 years.
Investors can take advantage of this extension and avail an attractive interest rate of 7.50 percent on their investments under the SBI WeCare Deposit scheme.