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5 Best SBI FD: These 5 Fixed Deposits (FD) of SBI are best for senior citizens

IndiaEmployment Desk | September 11, 2024 11:15 PM CST

FD is a best option to invest your money. In such a situation, these 5 FDs of SBI are best for senior citizens to invest money.

FD is a best option to invest your money. There is no chance of risk in FD. Also, there is a fixed return in FD. For this reason, most people prefer to invest their money in FD. Banks start many types of FD schemes. These FD schemes offer attractive interest rates to the customers. State Bank of India (SBI) has launched some of its FDs, these Fixed Deposits (FDs) are best for senior citizens. Let's know.

SBI Amrit Kalash

SBI's Amrit Kalash FD offers attractive interest rates. This scheme serves domestic, NRI and senior citizens. The 400-day special period scheme is at an interest rate of 7.10% from April 12, 2023. Senior citizens are eligible for an interest rate of 7.60%. This scheme will be valid till September 30, 2024.

SBI WeCare

SBI WeCare FD is specially designed for senior citizens, which offers an additional interest rate of 50 basis points (bps) on regular interest rates. This scheme is available for both new deposits and renewals. This FD will also be valid till September 30.

SBI Amrit Vrishti

SBI Amrit Vrishti FD scheme offers 7.25 percent interest rate on 444-day deposits. In this new FD scheme, senior citizens can earn additional 0.50 percent interest. Along with this, they can also take loans on these deposits. The deadline for this scheme is March 31, 2025.

SBI Sarvottam

SBI Sarvottam FD scheme is for senior investors who deposit large amounts. This FD scheme offers higher interest rates than regular fixed deposits. The interest rate for a period of 2 years is 7.4 percent and the interest rate for 1 year is 7.10 percent. In this scheme also, senior citizens get an additional 0.50 percent interest.

SBI Green Rupee Term Deposit

SBI's Green Rupee Term Deposit offers 6.65 percent interest rate for 1111 or 1777 days and 6.40 percent interest rate for 2222 days. In this FD scheme, senior citizens can earn interest up to 7.40 percent depending on the deposit period.