If you are looking for an investment scheme that is completely safe and offers guaranteed returns, the SBI Fixed Deposit (FD) scheme could be the best option for you. Fixed deposits are one of the most popular investment instruments in India because they carry no risk and offer a fixed interest rate. This is why millions of people choose to invest their savings in SBI FDs every year.
There's currently a lot of discussion about a new fixed deposit scheme from SBI. This FD scheme offers a very attractive interest rate. We'll tell you more about it in this post. If you want to learn more about it in detail, please read this post until the end.
What Interest Rate Will You Get?
We will tell you the interest rate offered by SBI. For SBI FD plans with a tenure of 2 to 3 years, you will receive an interest rate of 6.45%. Additionally, senior citizens will receive an interest rate of 6.95% on these plans. For your information, SBI also offers FD plans with tenures ranging from 5 to 10 years, with varying interest rates. You can find complete details about these plans on the official SBI website.
Benefits Of Fixed Deposits
Safe investment: Your money is safe in a fixed deposit.
Guaranteed returns: You receive a fixed interest rate for a specified period.
Tax benefits: Some fixed deposit schemes also offer tax exemptions.
Benefits Of Small Investments
If you invest ₹1 lakh, depending on the interest rate and tenure, you could earn a monthly return of up to ₹5,639. This is why the SBI Fixed Deposit scheme is highly beneficial for small and medium-sized investors.
Benefits For Larger Investments
If you invest between ₹1.01 crore and ₹3 crore, SBI offers even more attractive interest rates.
- For a 1-year fixed deposit: 6.55% for general customers and 7.05% for senior citizens.
- For a 2-year fixed deposit: 6.85% for general customers and 7.35% for senior citizens.
How Much Interest Will You Get On A 3 Lakh Investment?
If you invest ₹300,000 in a 5-year fixed deposit scheme, you will receive ₹4,50,053 at maturity. In this case, if you invest for 5 years, you will receive a total of ₹1,50,053 in interest. If you are a senior citizen, investing ₹300,000 will yield ₹4,25,478 at maturity. This includes ₹1,25,478 in interest.
How Much Interest Will You Get On An FD Plan Of 1.01 Crore To 3 Crore?
For your information, if you invest between 1 crore and 3 crore in a fixed deposit plan, the interest rates are as follows: For a 1-year FD, general customers receive 6.55% interest, and senior citizens receive 7.05%. For a 2-year FD, general customers receive 6.85% interest, and senior citizens receive 7.35%.
It's The Right Time To Invest!
For those who want to earn good returns with low risk, SBI's fixed deposit scheme is an excellent option. The repo rate is currently stable. Therefore, this is an ideal time to invest in a fixed deposit and benefit from the interest. If you have some spare cash, you can earn a good return by investing in this fixed deposit scheme.
Conclusion
This scheme offers attractive interest rates for all customers, with additional benefits for senior citizens. Whether you invest ₹1 lakh or crores, the SBI Fixed Deposit scheme guarantees a fixed return and keeps your money safe. If you have any question regarding this post, then you can tell us by commenting in the comment box given below. Your feedback and suggestions are welcome as always. Thank you.
