SBI Superhit Scheme: Earn big without tension, know how much profit you will get in 1, 2, 3, and 5 years on depositing ₹10 lakh

SBI Superhit Scheme: In this scheme, you can deposit money for different maturities from 7 days to 10 years. In these, you get a good income from interest along with the principal on maturity.

SBI Superhit Scheme: In the superhit scheme (FDs) of the country's largest bank SBI, you get a good income without tension. In this scheme, you can deposit money for different maturities from 7 days to 10 years. In these, you get a good income from interest along with the principal on maturity. Know how much money SBI (SBI FD Interest Rate 2024) will earn in 1, 2, 3, and 5 years on FD of Rs 10 lakh.

SBI: Interest on ₹10 lakh FD for 1 year

The interest rate on SBI's 1-year maturity deposit is 6.80 percent. If you have deposited Rs 10 lakh for 1 year, then you will get Rs 10,69,753 on maturity. That is, you will get a fixed income of Rs 69,753 from the interest.

SBI: Interest on ₹10 lakh FD for 2 years

SBI has made the interest rate on a 2-year maturity deposit 7 percent. If you have deposited Rs 10 lakh for 2 years, then you will get Rs 11,48,881. In this way, you will get a fixed income of Rs 1,48,881 from interest.

SBI: Interest on ₹10 lakh FD for 3 years

The interest rate on SBI's 3-year maturity deposit is 6.75 percent. If you have deposited Rs 10 lakh for 3 years, then your maturity amount will be Rs 12,22,393. In this way, you will get a fixed income of Rs 2,22,393 from interest.

SBI: Interest on ₹10 lakh FD for 5 years

The interest rate on SBI's 5-year maturity deposit is 6.50 percent. If you have deposited Rs 10 lakh for 5 years, then your fixed income on maturity will be Rs 13,80,419. In this way, you will get interest of Rs 3,80,419.

SBI Senior Citizen FD Interest Rate 2024

SBI usually offers half percent (0.50%) more interest to senior citizens than regular customers on different maturities. At the same time, under the 'Wecare Deposit' scheme, senior citizens get half a percent more interest on deposits with a tenure of 5 years or more. That is, there will be a total benefit of 1 percent.

In this way, if a senior citizen deposits Rs 10 lakh for 5 years in this scheme, then the maturity amount will be Rs 14,49,948. The benefit of 'SBI Wecare' can be availed till March 31, 2024.

Let us tell you, that you can claim a deduction of up to Rs 1.5 lakh on 5-year FDs under Income Tax Section 80C. All customers get the benefit of a 5-year tax-saver FD. Also, know that the interest received on FDs is taxable.

(Note: The details of interest rates have been taken from the official website of SBI. Interest rates are effective from June 15, 2024, on deposits less than Rs 3 crore.)