If you deposit 1 lakh rupees, you will get a fixed interest of Rs 24,604
SBI Savings Scheme: The country’s largest government bank-SBI has cut the interest rates of different durations by up to 0.25 percent. The Reserve Bank of India (RBI) cut the repo rate by 0.25 percent this month. After which all the banks of the country started cutting the interest rates of loan as well as the interest rates of deposits. In this series, State Bank of India also reduced the interest given on its savings schemes. However, even after this deduction, SBI’s FD schemes are getting great interest. Today we will tell you about a scheme of SBI, in which a fixed interest of Rs 24,604 can be found by depositing only 1 lakh rupees.
SBI is paying interest ranging from 3.50 to 7.55 percent on FD
SBI has reduced FD interest rates from 3.50% -7.25% to 3.50% -7.05% for ordinary people. This government bank is now paying interest ranging from 4.00 percent to 7.55 percent on FDs to senior citizens, which was earlier 7.75 percent. State Bank of India is offering interest of 6.90 percent to ordinary citizens and 7.40 percent to senior citizens on FD schemes ranging from 2 years to 3 years. Before the cut in interest rates, ordinary citizens were getting 7.00 percent interest on this scheme and 7.50 percent to senior citizens. That is, SBI has cut 0.10 percent on the interest given on this scheme.
If you deposit Rs 1 lakh in 3 years FD, you will get a fixed interest of Rs 24,604
If 1 lakh rupees are deposited in 3 years FD in SBI, then you will get a fixed interest of up to Rs 24,604 on maturity. If you are an ordinary citizen i.e. you are under 60 years of age, then you will get a total of Rs 1,22,781 for depositing Rs 1 lakh, which includes a fixed interest of Rs 22,781. If you are a senior citizen, that is, you are above 60 years of age, then you will get a total of Rs 1,24,604 for depositing Rs 1 lakh in this scheme, including a fixed interest of Rs 24,604.
Disclaimer: This article is 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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