State Bank of India (SBI), the country’s largest public sector bank, is offering attractive interest rates on Fixed Deposits (FDs).
Customers can earn interest ranging from 3.05% to 7.15% depending on the scheme and tenure.
You can open an FD with SBI for as short as 7 days or as long as 10 years, with guaranteed fixed returns at the end of the term.
This makes FDs a safe and reliable option for growing your money.
Amrit Varshiti Special FD: Highest Interest Rates
SBI’s Amrit Varshiti Special FD Scheme offers the highest returns, especially for longer tenures.
Here’s a quick look:
444-day Amrit Varshiti FD:
General citizens: 6.45%
Senior citizens: 6.95%
Very senior citizens: 7.05%
For FDs with 5–10 year tenures, interest rates are even higher:
General citizens: 6.05%
Senior citizens: 7.05%
Very senior citizens: 7.15%
For example, if you open an FD for 6 years, these are the rates you can expect.
How Much Can You Earn on Rs 2 Lakh?
Depositing Rs 2,00,000 in a 6-year FD with SBI can earn you significant interest:
General citizen: Total maturity amount Rs 2,86,747 (interest earned Rs 86,747)
Senior citizen: Total maturity amount Rs 3,04,184 (interest earned Rs 1,04,184)
Super senior citizen: Total maturity amount Rs 3,05,983 (interest earned Rs 1,05,983)
This shows how SBI FDs are a reliable option for both short-term and long-term savings, helping your money grow safely over time.