Interest up to 7.55 percent on FD
State Bank of India Savings Scheme: State Bank of India is the largest government bank in the country in terms of market cap. State Bank of India (SBI) accounts for crores of Indians. This government bank is giving great interest to its customers on savings accounts. Today we are going to tell you about one such savings scheme of State Bank of India, in which you can get a fixed interest of Rs 32,044 by depositing Rs 2 lakh. Yes, we are talking about the 2 -year FD scheme of State Bank of India.
Interest up to 7.55 percent on FD
State Bank of India of Public Sector is giving interest to its customers from 3.50 percent to 7.55 percent on different period FD schemes. This government bank is paying 7.05 percent to ordinary citizens on 444 days special FD scheme and 7.55 percent to senior citizens. State Bank of India is paying 7.00 percent to ordinary citizens on 2 -year FD and 7.50 percent to senior citizens. Let us tell you that after the Reserve Bank of India reduced the repo rate, the State Bank of India also cut the interest rates of its savings schemes.
A total of Rs 2,32,044 will be received for depositing 2 lakh rupees
A fixed interest of Rs 32,044 can be obtained by depositing only Rs 2 lakh in 2 -year FD of State Bank of India. If an ordinary citizen, who is under 60 years of age and he deposits Rs 2,00,000 in 2 years FD in State Bank of India, he will get a total of Rs 2,29,776 on maturity. It will get Rs 29,776 as fixed interest. Similarly, if a senior citizen, whose age is 60 years or more and he deposits Rs 2,00,000 in it, he will get a total of Rs 2,32,044 on maturity, in which the fixed interest will get Rs 32,044 as fixed interest.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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