SBI FD Scheme: Fixed Deposit is such a scheme on which many people trust a lot. People get interest on maturity on depositing lump sum money on fixed deposits.
On the other hand, if we talk about senior citizens, they get interest at better rates than other people. At the same time, after increasing the repo rate of RBI, all the banks have also increased the interest rates of FDs. SBI’s name is also included in the list of these banks.
In SBI’s FD, customers can make a lump sum deposit in different tenures of 1-10 years. If you want to avoid the risk of market fluctuations, then you can choose the option of Fixed Deposit. Know here how much interest the common people and senior citizens are getting on FDs of how many years under the SBI FD Scheme?
Interest Rates for Senior Citizens
For senior citizens in SBI, interest is being given at the rate of 3.50 percent for FDs from 7 days to 45 days, 5 percent for 46 days to 179 days. 5.75 for 180 days to 210 days and 6 percent for FDs of more than 211 days but less than 1 year. If you get FD done for more than 1 year but less than two years, then the interest rate will be 6.60 percent per annum, whereas if you get FD done for more than 2 years but less than 3 years, you will get interest on FD at 6.75 percent.
On getting FD for more than 3 years but less than 5 years, interest will be given at the rate of 6.60 percent annually and for more than 5 years and up to 10 years, at least 6.90 percent interest will be given to senior citizens from the bank. will be given.
Interest rates for general public
3% for general public FDs from 7 days to 45 days, 4.50% for 46 days to 179 days, 5.25 for 180 days to 210 days, FDs of more than 211 days but less than 1 year Interest is being received at the rate of 5.50 percent. If you get FD done for more than 1 year but less than two years, then you get 6.10 percent, for more than 2 years but less than 3 years, 6.25 percent, for getting FD for more than 3 years but less than 5 years Annual interest will be given at the rate of 6.10 percent and for more than 5 years and up to 10 years, interest will be given by the bank at the rate of at least 6.10 percent.
