State Bank Of India: If you want to get good interest rates along with guaranteed returns, you can see these five schemes (Fixed Deposit) of State Bank (SBI). Recently another scheme has been introduced by the Bank.
Some Schemes Introduced by State Bank
State Bank of India (SBI) has launched a new fixed deposit scheme called Amrit Rain. did The scheme offers attractive interest rates to both domestic and NRI customers. Earlier SBI launched other schemes like SBI Amrit Kalash and SBI WeCare. SBI Amrit Kalash Scheme is for both general and senior citizens, while SBI Wakecare is only for senior citizens.
What’s in SBI Amrit Kalash Scheme
SBI Amrit Kalash Scheme 400 Run for the day. It offers an interest rate of 7.10 percent per annum for general citizens. Senior citizens can get 7.60 percent rate. The last date of investment in this scheme is 30 September As per SBI website, these interest rates are applicable from April 12, 2023 SBI WeCare is designed for senior citizens only It offers an additional interest rate of 50 basis points (bps) over the regular interest rate. This scheme is available for both new deposits and renewals. It will be valid till September 30.
SBI Fixed Deposit Schemes Here
sTate Bank Amrit Rishi Yojana offers 7.25 percent interest rate for 444 days deposit. Senior citizens can get an additional 0.50 percent interest. Investors can take loans against these deposits. The scheme expires on March 31, 2025.
SBI Optimum
SBI Optimum scheme is for investors who want to deposit large amounts of money. It offers higher rates than regular fixed deposits. For a 2-year term, the interest rate is 7.4 percent and for 1 year, it is 7.10 percent. Senior citizens earn an additional 0.50 percent. The best option is available for deposits between Rs 1 crore and Rs 3 crore.
SBI Green Rupee Term Deposit
SBI has launched Green Rupee Term Deposit to support environment friendly projects. It offers an interest rate of 6.65 percent for 1111 or 1777 days and 6.40 percent for 2222 days. Senior citizens earn up to 7.40 percent depending on the tenure of the deposit. There is no time limit for investment in this scheme. These schemes offer different options to suit different investor needs.