State Bank of India: If you also have an account in most banks of the country, then this is useful news for you. Many special FD (SBI FD) and term deposit facilities are available from SBI (SBI FD Scheme). If you are also going to make a fixed deposit, then before that, know in which scheme you are getting the benefit of higher interest.
SBI FD Scheme: Interest up to 7.9 percent is available on many schemes like SBI Amrit Kalash, SBI Wecare, SBI Green Deposit, SBI Sarvottam.
SBI Amrit Kalash Scheme: The special thing about SBI ‘Amrit Kalash’ scheme is that it gives interest at the rate of 7.6 percent on FD for 400 days. Common citizens investing in Amrit Kalash Special FD Scheme will get 7.10% interest rate. You can invest in this scheme till 31 March 2024. This is a special FD scheme of SBI.
SBI Wecare: Only senior citizens can invest in SBI WeCare Scheme. In this scheme, senior citizens get the maximum interest benefit for a period of 5 to 10 years. The last date to invest in this scheme is 31 March 2024. Under this scheme, interest of 7.50 percent is being given on FD of 5 years to 10 years. Bank customers are getting FDs ranging from 7 days to 10 years. In this, interest is available from 3.5 to 7.5 percent.
SBI Green Rupee Term Deposit: In SBI Customer Green Term Deposit, senior citizens get interest at the rate of 7.15 percent for the tenure of 1111 days and 1777 days. Apart from this, customers are getting interest at the rate of 7.40 percent on a period of 2222 days. Talking about common citizens, these people are getting interest at the rate of 6.65% for the period of 1111 days and 1777 days. The bank offers 6.40% on retail deposits with a tenure of 2222 days.
SBI best term deposit scheme: The biggest advantage of this scheme of SBI is that it is only one year and two year scheme. In SBI Best Scheme, general customers are getting 7.4 percent interest on 2 year deposit i.e. FD. At the same time, senior citizens are getting 7.90 percent interest on this scheme. At the same time, on one year’s investment, general public is getting 7.10 percent interest and senior citizens are getting 7.60 percent interest.
SBI Annuity Deposit Scheme: In SBI Annuity Deposit Scheme you have to deposit a lump sum amount. In this scheme, the depositor is given interest along with a part of the principal amount every month. This interest is equal to the bank’s term deposit i.e. FD. In annuity deposit scheme, money is deposited for 36, 60, 84 or 120 months.
