State Bank of India (SBI), the country’s largest public sector bank, continues to offer attractive returns on Fixed Deposits (FDs).
Although the Reserve Bank of India (RBI) recently reduced repo rates, leading many banks to cut FD interest rates, SBI’s FD schemes still provide competitive and guaranteed returns.
One of the most popular schemes is the 444-day Amrit Varshiti Special FD, which offers the highest interest rates for both general and senior citizens.
SBI FD Interest Rates at a Glance
SBI offers FD tenures from 7 days to 10 years.
Interest rates range between 3.05% and 7.10%.
444-day Amrit Varshiti Special FD:
General citizens: 6.60%
Senior citizens: 7.10%
5-year FD:
General citizens: 6.05%
Senior citizens: 7.05%
How Much You Can Earn on a ₹1 Lakh Deposit
If you deposit ₹1 lakh in a 5-year SBI FD:
General citizens (under 60 years): Total maturity amount = ₹1,35,018
Fixed interest earned: ₹35,018
Senior citizens (60 years or older): Total maturity amount = ₹1,41,826
Fixed interest earned: ₹41,826
This makes SBI FDs a safe and rewarding option for those looking to grow their savings steadily over time.
