State Bank of India Savings Scheme: State Bank of India is the largest government bank in the country in terms of market cap. State Bank of India (SBI) accounts for crores of Indians. This government bank is giving great interest to its customers on a savings account. Today we are going to tell you about one such 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 -old FD scheme of State Bank of India.
State Bank of India Savings Scheme: 7.55 % interest on FD
State Bank of India of public sector is giving interest to its customers from 3.50 percent to 7.55 percent on different period FD schemes. This government bank is paying 7.05 percent interest to ordinary citizens on 444 days special FD scheme and 7.55 percent to senior citizens. State Bank of India is paying 7.00 percent to ordinary citizens on 2 -year FD and 7.50 percent to senior citizens. Let us tell you that after the Reserve Bank of India reduced the repo rate, the State Bank of India also reduced the interest rates of its savings schemes.
A total of Rs 2,32,044 will be received for depositing 2 lakh rupees
A fixed interest of Rs 32,044 can be obtained by depositing only Rs 2 lakh in the 2 -year FD of State Bank of India. If an ordinary citizen, who is under 60 years of age and he deposits Rs 2,00,000 in 2 years FD in State Bank of India, he will get a total of Rs 2,29,776 on maturity. It will get Rs 29,776 as fixed interest. Similarly, if a senior citizen of 60 years or older deposits Rs 2,00,000 in it, then he will get a total of Rs 2,32,044 on maturity, in which Rs 32,044 will be received as fixed interest.
