sbi fd rate
If you have an account with the country’s largest bank SBI, then there is good news for you. SBI has launched a fixed deposit scheme which offers high rate of interest to the investors. The bank is offering an interest rate of 7% on this fixed deposit, which can help customers grow their money. Not only regular customers but also senior citizens are getting additional benefits on fixed deposits from SBI. If you are considering opening a Fixed Deposit with SBI, it is important to read all the details here.
SBI FD rates: Special benefits for senior citizens
Under this fixed deposit scheme, SBI offers interest rate ranging from 4.50% to 5.80% for fixed deposits of 7 days to 365 days. For senior citizens, the bank offers an interest rate of 5.0% to 6.30% on their fixed deposits. SBI offers attractive interest rates for 5 to 10 year fixed deposits earning an interest rate of 6.10% to 6.60% for senior citizens and regular customers.
SBI FD Rate: Strong interest is being received on FD
SBI Term Deposit Scheme: This scheme allows investors to open fixed deposits for tenures ranging from 7 days to 10 years. The minimum investment is Rs. 1000. Additionally, early withdrawal options are available.
SBI Tax Saving FD Scheme: Investors can opt for this particular scheme which has a tenure of 5 years. The maximum investment limit is Rs. 1.5 lakh, and there is no tax impact on premature withdrawal.
Also, you can invest in SBI’s scheme for a tenure of 6 to 10 years, starting with a minimum investment of Rs. 1000. A unique feature of this scheme is the option to re-invest the interest earned on the principal amount. Along with this, loan facility is also available under this scheme.