SBI Fixed Deposit Scheme: Earn Up to ₹32,044 Interest on ₹2 Lakh Investment – Check Full Details
SBI Fixed Deposit Scheme: State Bank of India (SBI), the country’s largest public sector bank, continues to be a trusted choice for millions of Indians when it comes to safe and secure investments. Among its various offerings, SBI’s Fixed Deposit (FD) schemes remain a preferred option for those seeking guaranteed returns.
SBI Offers Attractive Interest Rates on FDs for All Age Groups
SBI provides a wide range of FD options with tenures starting from 7 days up to 10 years. The bank offers competitive interest rates depending on the duration and the customer’s age category:
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For general citizens (below 60 years of age): Interest rates range from 3.50% to 7.00% per annum.
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For senior citizens (60 years and above): SBI offers a slightly higher interest, ranging from 4.00% to 7.50% per annum.
Currently, the highest interest rates—7.00% for regular depositors and 7.50% for senior citizens—are available on FDs with a tenure of 2 to 3 years.
Deposit ₹2 Lakh and Earn Guaranteed Interest of Up to ₹32,044
One of the most appealing aspects of SBI’s FD scheme is its fixed return promise. Here’s how much you can earn by investing ₹2 lakh:
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For general citizens: An investment of ₹2 lakh in a 2 to 3-year FD at 7.00% interest will earn you a fixed return of ₹29,776.
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For senior citizens: By investing the same amount in the same tenure, senior citizens will receive ₹32,044 as guaranteed interest at the 7.50% rate.
Why Choose SBI Fixed Deposit?
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Safety: Backed by India’s largest government bank, your investment remains secure.
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Flexible tenure options: Ranging from a few days to several years.
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Guaranteed returns: Fixed interest rates provide peace of mind.
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Special benefits for senior citizens: Higher interest rates make FDs even more rewarding.
Final Thoughts
If you are looking for a reliable and risk-free investment option, SBI’s Fixed Deposit scheme is a solid choice. Whether you are planning for short-term savings or long-term goals, SBI’s FD plans offer stability and assured returns. Depositing ₹2 lakh can help you earn up to ₹32,044 in interest—making it a smart move for both general and senior investors.
