Many investors are now exploring mutual funds and the stock market, but a large section still prefers the safety of bank fixed deposits (FDs).
The State Bank of India (SBI) is offering attractive FD interest rates to help customers earn stable returns.
SBI allows FD accounts for tenures ranging from 7 days to 10 years, with interest rates between 3.05% and 7.15%, making it one of the most popular choices for conservative investors.
Highest Rates for Long-Term FDs
For a 5-year (60-month) FD, SBI offers some of its best rates:
General citizens: 6.05%
Senior citizens: 7.05%
Very senior citizens (80+ years): 7.15%
SBI also has special schemes like the 444-day Amrit Varshi FD, which offers slightly higher rates for different age groups: 6.45% for general citizens, 6.95% for seniors, and 7.05% for very senior citizens.
How Much Will You Earn on a ₹4 Lakh FD?
If you deposit ₹4,00,000 in a 60-month FD with SBI:
General citizens will receive ₹5,40,071 at maturity, earning ₹1,40,071 as interest.
Senior citizens will get ₹5,67,303, with interest of ₹1,67,303.
Very senior citizens will get ₹5,70,097, earning ₹1,70,097 in interest.
This makes SBI FDs a reliable option for investors looking for guaranteed returns over a medium to long term.
