SBI Best Savings Scheme: Deposit ₹ 2,00,000 in SBI and get fixed return of ₹ 32,044, check details

Public sector State Bank of India is offering interest ranging from 3.50 per cent to 7.55 per cent to its customers on FD schemes of different tenures.

State Bank of India Savings Scheme: State Bank of India is the largest government bank in the country in terms of market cap. Crores of Indians have accounts in State Bank of India (SBI). This government bank is giving great interest to its customers on savings accounts. Today we are going to tell you about such a savings scheme of State Bank of India, in which you can get a fixed interest of Rs 32,044 by depositing Rs 2 lakh. Yes, we are talking about the 2-year FD scheme of State Bank of India.

Interest up to 7.55 percent is available on FD

The public sector State Bank of India is giving interest ranging from 3.50 percent to 7.55 percent to its customers on FD schemes of different tenures. This government bank is giving 7.05 percent interest to general citizens and 7.55 percent interest to senior citizens on the special FD scheme of 444 days. State Bank of India is giving bumper interest of 7.00 percent to general citizens and 7.50 percent to senior citizens on 2-year FD. Let us tell you that after the Reserve Bank of India reduced the repo rate, State Bank of India also reduced the interest rates of its savings schemes.

A total of Rs 2,32,044 will be available on depositing Rs 2 lakh

A fixed interest of Rs 32,044 can be obtained by depositing only Rs 2 lakh in a 2-year FD of State Bank of India. If a general citizen, whose age is less than 60 years and he deposits Rs 2,00,000 in a 2-year FD in State Bank of India, then he will get a total of Rs 2,29,776 on maturity. In this, Rs 29,776 will be received as fixed interest. Similarly, if a senior citizen aged 60 years or above deposits Rs 2,00,000 in it, he will get a total of Rs 2,32,044 on maturity, including Rs 32,044 as fixed interest.

Disclaimer: This article is written for informational purposes only. Consult your financial advisor before making any kind of investment or taking any financial risk. India TV will not be responsible for any kind of risk.

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