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SBI: State Bank of India (SBI), the country's largest bank, has launched the Superhit scheme. Let's know the details here.

Before anyone invests money they think about risk a lot. Looking for ways to provide stable, secure income. Bank fixed deposits become the best options for such people. Attracting customers with high returns.

Besides, major banks are launching special FD schemes for customers. Recently, the country's largest bank, State Bank of India (SBI), has launched the SuperHit Scheme (FDs).

In this you can deposit money in different tenures ranging from 7 days to 10 years. At the end of the deposit period, you will receive the principal amount along with the interest earned. Now, if you invest Rs.10 lakh in the respective tenures in this scheme, how much income will you get? Let's see now.

1 year tenure
If you deposit Rs.10 lakh in SBI Superhit scheme for 1 year you will get 6.80% interest rate. At the end of the year you will earn interest of Rs.69,753. Your maturity amount will be Rs.10,69,753.

2 years tenure
Fixed deposit in this scheme for 2 years will earn interest rate of 7.00%. For this period you will get interest of Rs.1,48,881 on Rs.10 lakh. That means after 2 years your maturity amount will be Rs.11,48,881.

3 years tenure
If you intend to invest Rs.10 lakh FD for 3 years, you can get interest rate of 6.75%. Interest of Rs.2,22,393 will be earned in this tenure. After 3 years the maturity amount will be Rs.12,22,393.

5 Years Tenure
If you select 5 years tenure of this scheme, you will get interest rate of 6.50%.. During this period you will get interest of Rs.3,80,419 on a deposit of Rs.10 lakh. As a result the total maturity after 5 years will be Rs.13,80,419.

Benefits for Senior Citizens
SBI is offering 0.50% higher interest to senior citizens on all FDs under this scheme. Moreover, under the 'SBI ViCare Deposit' scheme, senior citizens will get an additional interest of 0.50% on deposits with tenor of 5 years or more. That means paying a total of 1% higher interest rate. For example, if a senior citizen deposits Rs.10 lakh for 5 years, they will earn interest of Rs.4,49,948. The maturity amount will be Rs.14,49,948.

These FDs are a safe way to grow your savings. It also comes with tax benefits. You can claim a deduction of up to Rs.1.5 lakh on 5-year FDs under Section 80C of Income Tax. No tax is payable on interest earned on FDs.