SBI superhit scheme: Seniors should rejoice! Learn all the facts here. Make a single deposit of Rs 5 lakh to receive Rs 10.5 lakh in ten years

 SBI superhit scheme: Seniors should rejoice! Learn all the facts here. Make a single deposit of Rs 5 lakh to receive Rs 10.5 lakh in ten years

SBI superhit scheme: Seniors should rejoice! Learn all the facts here. Make a single deposit of Rs 5 lakh to receive Rs 10.5 lakh in ten years

SBI superhit scheme: If you're considering having your funds fixed at State Bank of India (SBI), the biggest bank in the nation, find out how long it will take to get better returns on your fixed-rate investment (FD) at SBI.

A sizable portion of the nation still makes their investments using fixed deposits. Any bank or post office accepts FDs. FD is designed for various time periods everywhere. Time also has an impact on interest rates. Nonetheless, obtaining higher and more secure returns on investment is the goal shared by all investors.

If you're considering fixing your money with State Bank of India (SBI), the biggest bank in the nation, in this scenario, find out how long it will take to get greater returns on your fixed deposit (FD) at SBI. How much return will you get annually and how much will your money rise if you put Rs 5 lakh in FDs?

Find out the interest rates on the various SBI FDs.

3.00% for 7 to 45 days

180 to 210 days: 5.25 percent

Over 211 days but under a year – 5.75 percent

Over a year but under two years: 6.80%

Over two years but under three years: 7.00%

Over three but under five years: 6.50%

More than five years and up to ten years: 6.50%

400 days 7.10% is the Amrit Kalash Deposit Scheme.

Senior folks are more interested in

On all these FD programs, senior persons get a 0.50 percent interest rate increase. However, 1% more interest is offered for plans lasting up to 10 years and longer than 5 years. Seniors who qualify for this get interest at a rate of 7.50%.

Find out how much Rs 5 lakh will increase in value per year.

How much would your deposit rise in 1, 2, 3, 5, and 10 years if you wish to deposit Rs 5 lakh with SBI? Understand the computation using the SBI FD Calculator:

With a one-year FD interest rate of 5.75%, or Rs 5,29,376

6.80% interest on a two-year fixed deposit (FD) of Rs 5,72,187

With a three-year FD interest rate of 7.00%, or Rs 6,15,720

Rs 6,90,210 on FD for a maximum of five years at 6.50% interest

6.50% yield on FDs for a maximum of ten years = Rs 9,52,779

What percentage of older citizens will there be?

6.25% interest on FD for a maximum of one year – Rs 5,31,990

With a two-year FD interest rate of 7.30%, or Rs 5,77,837

With a three-year FD interest rate of 7.50%, or Rs 6,24,858

With a five-year FD interest rate of 7.00%, or Rs 7,07,389

With a 10-year FD interest rate of 7.50% = Rs 10,51,175