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Even after retirement senior citizens can get guaranteed returns on certain schemes and make a steady income to cover their daily expenses. Fixed deposits (FD) is such a scheme which gives a specific rate of return on your invested amount. A 5-year FD can also provide you a tax benefit of up to Rs 1.50 lakh on deposits under Section 80C of the Income Tax Act.  Most of the banks financial institutions offer better rates of return for senior citizens. SBI has also given a  better rate of returns to Senior citizens as compared to the general citizens. State Bank Of India runs the 400-day Amrit Kalash 1-year 3-year and 5-year FDs for senior citizens. The PSU bank is offering its highest interest rates to senior citizens in the Amrit Kalash scheme at 7.60 per cent. Its interest rates for the 1-year 3-year and 5-year senior citizen FD schemes are 7.30 per cent 7.25 per cent and 7.50 per cent respectively. Check how much returns you can get on FDs Of  Rs 2.50 lakh Rs 5 lakh Rs 7.50 lakh & Rs 10 lakh. SBI Senior Citizen (1-year FD) At a 7.30 per cent interest rate in the 1-year scheme an investment of Rs 2.50 lakh will give you Rs 18756 in return and the maturity amount will be Rs 268756. For Rs 5 lakh investment you will get interest of Rs 37511 with maturity amount of Rs 537511. For Rs 7.50 lakh you will get interest of Rs 56267 and the maturity amount will be Rs 806267. On a Rs 10 lakh deposit the bank will give you Rs 75023 in interest and Rs 1075023 in maturity. SBI Senior Citizen (3-year FD) On the 3-year FD with an interest rate of 7.25 per cent on the Rs 2.50 lakh deposit will be Rs 60137 while the maturity amount will be Rs 310137. A Rs 5 lakh investment in the 3-year FD will give you Rs 120273 in interest and Rs 620273 in maturity. On investing Rs 7.50 lakh you will get interest of Rs 180410 and Rs 930410 in maturity. On investment of Rs 10 lakh your interest amount will be Rs 240547 and the maturity value will be Rs 1240547. SBI Senior Citizen (5-year FD) The 5-year FD offers an interest rate of 7.50 per cent so a Rs 2.50 lakh investment in the FD will give you Rs 112487 in interest and Rs 362487 in maturity value. On a Rs 5 lakh investment you will get interest of Rs 224974. The maturity value will be Rs 724974.  If you invest Rs 7.50 lakh in this FD you will get interest of Rs 337461 and the maturity amount will be Rs 1087461. A Rs 10 lakh investment will help you get Rs 449948 in interest and Rs 1449948 in maturity. (Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)