Discover the Returns of Investing in SBI’s FDs: It is the most common and most significant choice for Indians when it comes to investing their hard-earned money, however, it is difficult for them to determine which institutes offer the best returns or the best tenure.
Latest Fixed Deposit (FD) Rates from State Bank Of India (SBI) for 2024
SBI offers a 4 percent return to senior citizens for the same tenure on FDs maturing between 7 days and 45 days.
General investors will receive 4.75 percent on fixed deposits maturing between 46 days and 179 days, while senior investors will receive 5.25 percent.
In the case of 180-210-day deposits, the bank defines an interest rate of 5.75 percent. Senior citizens get an interest rate of 6.25 percent.
The return on fixed deposits whose maturity period ranges between 211 days and 364 days is 6 percent. As usual, senior citizens will receive 0.5 percent more.
If you have a fixed deposit maturing between 1 year and 1 year 364 days, you will receive a return of 6.8 percent. If your fixed deposit matures between 2 years and 2 years 364 days, you will receive a return of 7 percent.
On deposits made for 3 years or 4 years 364 days, the bank offers a return of 6.75 percent. On deposits maturing between 5 years and 10 years, the bank offers a return of 6.5 percent. Senior citizens earn 7.5 percent.
Amrit Kalash Scheme offers the highest return of 7.1 percent on SBI FD investments.
