SBI FD interest rate up to 7.9%: List of 5 State Bank of India special fixed deposits offering higher rates
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SBI special FDs
The State Bank of India (SBI) offers customers a variety of financial services including special deposit options. The bank offers a variety of special fixed deposits for normal and senior citizens including SBI Amrit Kalash, SBI Wecare, SBI Green Deposits, and SBI Sarvottam. The new deposit added to the list is SBI Amrit Vrishti. These particular deposits depend on duration, amount, and type of investment.
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SBI Amrit Vrishti
SBI offers the highest interest rate of 7.25% for general citizens on newly launched SBI Amrit Vrishti on 444 days tenure and 7.75% for senior citizens on the same tenure. The scheme is available for investment from July 15, 2024 to March 31, 2025.
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SBI Amrit Kalash
SBI Amrit Kalash special FD offers investors a higher interest rate compared to regular SBI FDs. The last date to invest in Amrit Kalash is March 31, 2025. The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for a rate of interest of 7.60%. The Scheme will be valid till 31-March-2025.
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SBI WEcare
Only senior citizens are eligible to invest in SBIWeCare,which gives higher interest rates to senior citizens for terms ranging from 5 to 10 years. The scheme is available on fresh deposits and renewal of maturing depositsThe bank offers 7.50% interest on SBI Wecare special FD. The last date to invest in SBI Wecare is November 30, 2024.
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SBI Green Rupee Term Deposit
Under the green deposit scheme, senior citizens can earn 7.15% on tenure of 1111 Days and 1777 Days. The bank offers 7.40% on 2222 Days tenure on retail deposits.
Regular citizens can earn 6.65% on tenure of 1111 Days and 1777 Days. The bank offers 6.40% on 2222 Days tenure on retail deposits.
Regular citizens can earn 6.65% on tenure of 1111 Days and 1777 Days. The bank offers 6.40% on 2222 Days tenure on retail deposits.
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SBI Sarvottam
For SBI Sarvottam term deposits resident individuals and non- individual customers Note that minors and NRI customers are not eligible.
Under SBI Sarvottam term deposits, the bank offers an interest rate of 7.4 per cent for a tenure of two years. For a one-year tenure, the interest rate has been fixed at 7.10 per cent. Senior citizens will get an additional 50 basis points (bps) premium over the rate of interest provided to the general investors. They will earn an interest rate of 7.9 per cent for deposits maturing in two years.
For a year, they will get an interest rate of 7.6 per cent in the bank for retail customers, the minimum deposit amount will be Rs 15.01 lakh and the minimum amount can go up to Rs 3 crore under SBI Sarvottam term deposits.
Under SBI Sarvottam term deposits, the bank offers an interest rate of 7.4 per cent for a tenure of two years. For a one-year tenure, the interest rate has been fixed at 7.10 per cent. Senior citizens will get an additional 50 basis points (bps) premium over the rate of interest provided to the general investors. They will earn an interest rate of 7.9 per cent for deposits maturing in two years.
For a year, they will get an interest rate of 7.6 per cent in the bank for retail customers, the minimum deposit amount will be Rs 15.01 lakh and the minimum amount can go up to Rs 3 crore under SBI Sarvottam term deposits.