Senior Citizens FD Interest Rate: SBI announces bumper interest on 444 days FD for senior citizens..

Fixed Deposit: Employed people invest some amount of their income to secure their future. So that they do not have to face any kind of financial crisis in the future. Although, today there are many investment options available in the market. Where big money can be earned by investing.

But when it comes to the option of low risk and high return, most people choose the FD i.e. Fixed Deposit option. The guaranteed return is available on FD (FD Rate). Banks keep updating the interest rates of FD from time to time and many government and private banks of the country also provide special FD schemes to senior citizens as compared to general customers. Recently, the State Bank of India i.e. SBI Bank is offering a special FD scheme to senior citizens.

Let us tell you that SBI's scheme is of short duration, in which it is offering more interest to senior citizens as compared to normal FD (SBI FD Scheme). Some of these FDs are being offered 7.60 percent interest in 400 days. If you are planning to invest in FD i.e. Fixed Deposit, then definitely check the FD interest rates of SBI (SBI bank FD rate).

SBI Amrit Kalash FD Scheme

The last chance to invest in the Amrit Kalash FD Scheme of the State Bank of India (SBI) is 31 March 2025. In this FD scheme, you can invest for a period of up to 400 days. In general, customers get 7.10 percent interest. At the same time, senior citizens (Senior Citizens FD Interest Rate) are being offered 0.50 percent more interest i.e. 7.60 percent as compared to general customers. If you want safe and better returns, then this scheme can prove to be the best for you.

SBI Bank FD Interest Rate -

SBI's second special scheme Amrit Vrishti FD is also available for investment till 31 March 2025. The period of this FD is 444 days. 7.25 percent interest is being offered to general customers. Whereas 7.75 percent interest is being offered to senior citizens. This scheme is also a better option for investors.

IDBI Bank -

The last chance to invest in IDBI Bank's Utsav Callable FD Scheme is also 31 March 2025. The period of this FD is 555 days. General customers get 7.40 percent interest. At the same time, senior citizens get the benefit of a 7.90 percent interest rate. This scheme is best for those investors who want to invest for a long time.

The benefit of investing in the fixed deposit?

Why invest only in FD when there are many investment options in the market? This question must have definitely come to your mind. Actually, when you invest in other investment options, there is a risk of losing money and the returns are also very low and even if you get a higher interest rate, it keeps changing with time. But on the other hand, investing in FD schemes keeps your money completely safe and you get guaranteed returns. Another big advantage of this is that here you can invest money for 7 days to 10 years.

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