The interest rates on FDs vary between different banks. In this case, every investor wants to choose a bank FD that offers the highest profit. To invest in a bank FD, you can consider the FD of the country’s largest government bank, SBI.
When it comes to investing money, most people think of bank FDs. Bank FDs are considered one of the best options by investors because the money invested is safe, and the returns are fixed. If you are someone who prefers to invest through FDs, this news will be very important for you.
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SBI Offers Attractive FD Schemes
Every bank in the country offers fixed deposits (FDs) to its customers, but the interest rates can vary. As a result, investors often look for the bank offering the highest return on their FD investments. If you’re considering investing in an FD, you can opt for the SBI FD, which is offered by the country’s largest government bank.
Also Read –SIP vs Fixed Deposit: Which is Better for a Middle-Class Investor? Explore the Pros and Cons
SBI FD Interest Rates
SBI provides competitive interest rates on its FDs:
For 1 to 3 years, general customers can earn up to 7% interest, while senior citizens earn 7.50%.
For 3 to 5 years, general customers get 6.75%, while senior citizens get 7.25%.
For 5 to 10 years, general customers receive 6.50%, and senior citizens get 7.50%.
Super seniors ke liye, super savings ka naya tareeka! Invest karo SBI Patrons Fixed Deposit mein aur extra 10 bps interest ke saath kaho #MeraFutureFixHai.
To know more visit: https://t.co/5lxlYAA48V#SBI #TheBankerToEveryIndian #TermDeposit #SBIPatrons pic.twitter.com/Mu8K4yk7rJ
— State Bank of India (@TheOfficialSBI) January 5, 2025
Profit up to ₹4 Lakh with SBI FD
If you invest ₹7 lakh in an SBI FD for 7 years, the maturity amount will be ₹10,99,294 for general customers. Senior citizens will receive ₹11,77,583. This means you will earn a profit of approximately ₹4 lakh.