SBI Savings Scheme: The country's largest government bank, SBI, has cut the interest rates of FDs of up to 0.25 per cent. The Reserve Bank of India (RBI) had cut the repo rate by 0.25 per cent this month, after which all banks of the country started cutting loans as well as deposit rates.
In this series, State Bank of India also cut the interest on its savings schemes. However, even after this deduction, SBI's FD schemes are getting great interest. Today we will tell you about one such scheme of SBI, in which a fixed interest of Rs 24,604 can be obtained by depositing only 1 lakh rupees.
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7.55 percent interest on FD (SBI Savings Scheme)
SBI has reduced the interest rates of FD from 3.50% -7.25% to 3.50% -7.05% for the common people. This government bank is now paying interest to senior citizens from 4.00 percent to 7.55 percent on FD, which was earlier 7.75 percent.
State Bank of India is paying 6.90 percent interest to ordinary citizens on 2 years to 3 years FD scheme and 7.40 percent to senior citizens.
Before the cut in interest rates, ordinary citizens were getting 7.00 percent interest on this scheme and 7.50 percent interest was being received to senior citizens. That is, SBI has cut the interest given by 0.10 percent on this scheme by 0.10 percent.
Know how to get a fixed interest of Rs 24,604? (SBI Savings Scheme)
If Rs 1 lakh is 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 a general citizen, that is, you are less than 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 over 60 years of age, then you will get a total of Rs 1,24,604 in this scheme, which includes a fixed interest of Rs 24,604.
