Often people, while investing money in FD, keep in mind that they also get good returns on their money and apart from this their money is also safe. In such a situation, people put more trust in government banks like State Bank of India or Punjab National Bank etc. Even though the interest rate in public sector banks is low, but people consider investing money in SBI as the right decision.
In such a situation, today we are telling you about the FD plans of SBI, so that you will get to know about the interest rate of all FD plans of SBI. With this, you will be able to decide how much interest you will get in SBI and for how many days investing is the more right option.
Let’s know the special things related to SBI FD…
Actually, SBI gives customers the opportunity to invest from 7 days to 10 years i.e. you can also get FD of your money in the bank for 7 days and also invest money for 10 years. In such a situation, different interest rates have been fixed according to every year. The longer you invest the money, the more interest you get.
According to the year, know how much interest is being received in whom…
- 2.90 percent interest is available for 7 days to 45 days, while senior citizens will get interest at the rate of 3.40.
- For 46 days to 179 days, 3.90 percent interest is available, while senior citizens will get interest at the rate of 4.40.
- For 180 days to 1 year, 4.40 percent interest is available, while senior citizens will get interest at the rate of 4.90.
- 5.00 percent interest is available for 1 year to 2 years, while senior citizens will get interest at the rate of 5.40. Let us tell you that this has been changed recently, otherwise instead of 5 percent before this, 4.90 percent interest was available.
- For 2 years to 3 years, 5.10 percent interest is available, while senior citizens will get interest at the rate of 5.60.
- For 3 years to 5 years, 5.30 percent interest is available, while senior citizens will get interest at the rate of 5.80.
- For 5 years to 10 years, 5.40 percent interest is available, while senior citizens will get interest at the rate of 6.20.
What are the things to keep in mind while taking FD?
First of all, let us tell you that in FD, this interest rate is told on a one-year basis and interest is earned accordingly. Apart from this, all these rates are for those investing less than Rs 2 crore. If you are investing more than this, then there is a different rule and interest rate for this. Also, if you want to invest more, then invest in different banks, because in case of sinking of one bank, your amount up to Rs 5 lakh can remain secure.
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