SBI FD Interest Rates: If you are an SBI account holder, this news could be very useful for you. The country’s largest bank—by market capitalisation—is offering special Fixed Deposit (FD) schemes to its customers. SBI offers attractive interest rates on its FD schemes. In this article, we explore the interest rates that SBI offers on 180-day FDs and the returns it provides to senior citizens.
Interest on 180-day FDs at SBI
SBI offers interest rates ranging from 3.05% to 7.15% on FD schemes with varying tenures. You can open an FD account with SBI for a tenure ranging from a minimum of 7 days to a maximum of 10 years. For the 180-day FD scheme, the country’s largest public sector bank is offering interest rates between 5.65% and 6.25%.
Returns for Senior Citizens
SBI offers an interest rate of up to 5.65% to general customers on FDs with a 180-day tenure. Meanwhile, investors over the age of 60 are offered up to 6.15% interest on 180-day FDs. Customers aged 80 years or older can also earn up to 6.25% interest on 180-day FD accounts. You can invest less than ₹3 crore in this SBI FD scheme.
What is the offer?
SBI offers senior citizens 0.50% higher interest on FD accounts than general customers. Additionally, super senior citizens are being offered an interest rate that is 0.10% higher than the rate offered to senior citizens. It is worth noting that the country’s largest public sector bank, SBI, is offering a maximum interest rate of 6.45% to general customers on its special 444-day fixed deposit scheme, ‘Amrit Vrishti’.