SBI FD Scheme : India’s largest public sector bank, State Bank of India (SBI), is offering attractive interest rates on Fixed Deposit (FD) accounts for its customers. This year, after the Reserve Bank of India (RBI) reduced the repo rate, many banks across the country lowered their FD interest rates. SBI also reduced its FD rates following this move.
However, despite the rate cut, SBI’s FD schemes are still providing good and guaranteed returns. In this article, we will tell you about one such SBI FD scheme where by depositing just ₹1 lakh, you can earn fixed interest of up to ₹41,826 with full safety.
SBI FD Scheme : SBI Is Offering the Highest Interest on Its 444-Day FD Scheme
At SBI, customers can open FD accounts for durations ranging from 7 days to 10 years. Currently, SBI offers interest rates ranging from 3.05% to 7.10% on fixed deposits.
SBI’s 444-day “Amrit Vrishti Special FD Scheme” offers the highest interest rates:
- 6.60% per annum for general citizens
-
7.10% per annum for senior citizens
For comparison, SBI offers:
- 6.05% interest to general citizens on a 5-year FD
-
7.05% interest to senior citizens on a 5-year FD
₹1 Lakh Deposit Can Earn Fixed Interest of Up to ₹41,826
-
If you are a general citizen (below 60 years) and invest ₹1 lakh in an SBI 5-year FD, you will receive a total maturity amount of ₹1,35,018.
-
This includes fixed interest of ₹35,018.
-
-
If you are a senior citizen (60 years or above) and invest ₹1 lakh in an SBI 5-year FD, you will receive a total maturity amount of ₹1,41,826.
-
This includes fixed interest of ₹41,826.
-
This makes SBI’s FD scheme a safe and reliable investment option, especially for senior citizens looking for guaranteed returns.
How to Invest in SBI FD Scheme
You can invest in SBI’s Fixed Deposit schemes using any of the following methods:
1. Through SBI Branch
- Visit your nearest SBI branch
- Fill out the FD application form
- Submit KYC documents (Aadhaar, PAN, etc.)
-
Deposit the amount via cash, cheque, or account transfer
2. Online Through SBI Net Banking
- Log in to SBI Internet Banking
- Go to Fixed Deposit / Term Deposit option
- Select the FD tenure and amount
-
Confirm and submit the request
3. Through YONO SBI App
- Open the YONO SBI mobile app
- Go to the Deposits section
- Choose Fixed Deposit
- Enter amount, tenure, and nominee details
-
Confirm the investment
Once invested, your FD will start earning interest immediately, and the returns are completely guaranteed.