SBI Senior Citizen FD Rates: A lot of senior citizens invest in fixed deposit schemes (FDs) to get regular income. They may opt for maturity on completion of FD or payouts on a monthly basis. Like other banks, State Bank of India (SBI) also offers extra interest rates to senior citizens compared to what it offers to general citizens. The country’s top lender offers 1-, 3-, and 5-year, Amrit Vrishti, Amrit Kalash, and other FDs to senior citizens.
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SBI Senior Citizen FD Rates: At the retirement stage, senior citizens need regular expenses, but there are chances that they may not have a regular job, business, or other income source at that stage.
In such a situation, their source of earnings can be the returns from the investments they make.
That’s the reason a lot of senior citizens opt for fixed deposit (FD) investments in their retirement stage.
FDs are non-market-linked investments where returns are guaranteed.
It means senior citizens know how much periodic payouts or maturity amount they will get in an FD.
Banks encourage senior citizens to park their money in FDs.
As a result, they offer an extra interest rate to them compared to what they offer to general citizens.
Like many other banks, State Bank of India (SBI) also offers 0.5 per cent extra interest rates to senior citizens compared to the rates offered to general citizens.
Senior citizens can invest in SBI FDs ranging from 7 days to 10 years.
Some of the popular duration SBI senior citizen FDs are 1, 3, and 5 years.
SBI special FDs such as 400-day Amrit Kalash, SBI Super Green, and 444-day Amrit Vrishti also offer additional interest rates to senior citizens.
SBI also offers periodic payouts to its FD investors.
Here, we will tell how much monthly payouts and maturity amounts a senior citizen may get if they invest Rs 4,44,555, Rs 6,66,777, and Rs 8,88,999 in 1-, 3-, and 5-year FDs.
(FD rates source: Paisabazaar.com)
SBI Senior Citizen FD rate for 1-year FD
The lender provides a 7.30 per cent interest rate in the 1-year FD.
SBI Senior Citizen FD Rates: Monthly payout on Rs 4,44,555 investment in 1-year FD
Rs 32,453 overall and Rs 2,704.42 monthly
SBI Senior Citizen FD Rates: Maturity amount on Rs 4,44,555 investment in 1-year FD
Interest- Rs 33,352
Maturity- Rs 4,77,907
SBI Senior Citizen FD Rates: Monthly payout on Rs 6,66,777 investment in 1-year FD
Rs 48,675 overall and Rs 4,056.25 monthly
SBI Senior Citizen FD Rates: Maturity amount on Rs 6,66,777 investment in 1-year FD
Interest- Rs 50,023
Maturity- Rs 7,16,800
SBI Senior Citizen FD Rates: Monthly payout on Rs 8,88,999 investment in 1-year FD
Rs 64,897 overall and Rs 5,408.08 monthly
SBI Senior Citizen FD Rates: Maturity amount on Rs 8,88,999 investment in 1-year FD
Interest- Rs 66,695
Maturity- Rs 9,55,694
SBI Senior Citizen FD rate for 3-year FD
The bank provides a 7.25 per cent interest rate in the 3-year FD.
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SBI Senior Citizen FD Rates: Monthly payout on Rs 4,44,555 investment in 3-year FD
Rs 96,691 overall and Rs 2,685.86 monthly
SBI Senior Citizen FD Rates: Maturity amount on Rs 4,44,555 investment in 3-year FD
Interest- Rs 1,06,936
Maturity- Rs 5,51,491
SBI Senior Citizen FD Rates: Monthly payout on Rs 6,66,777 investment in 3-year FD
Rs 1,45,024 overall and Rs 4,028.44 monthly
SBI Senior Citizen FD Rates: Maturity amount on Rs 6,66,777 investment in 3-year FD
Interest- Rs 1,60,391
Maturity- Rs 8,27,168
SBI Senior Citizen FD Rates: Monthly payout on Rs 8,88,999 investment in 3-year FD
Rs 1,93,357 overall and Rs 5,371.03 monthly
SBI Senior Citizen FD Rates: Maturity amount on Rs 8,88,999 investment in 3-year FD
Interest- Rs 2,13,846
Maturity- Rs 11,02,845
SBI Senior Citizen FD rate for 5-year FD
The PSU bank provides 7.50 per cent interest rate in the 5-year FD.
SBI Senior Citizen FD Rates: Monthly payout on Rs 4,44,555 investment in 5-year FD
Rs 1,66,708 overall and Rs 2,778.47 monthly
SBI Senior Citizen FD Rates: Maturity amount on Rs 4,44,555 investment in 5-year FD
Interest- Rs 2,00,027
Maturity- Rs 6,44,582
SBI Senior Citizen FD Rates: Monthly payout on Rs 6,66,777 investment in 5-year FD
Rs 2,50,041 overall and Rs 4,167.35 monthly
SBI Senior Citizen FD Rates: Maturity amount on Rs 6,66,777 investment in 5-year FD
Interest- Rs 3,00,015
Maturity- Rs 9,66,792
SBI Senior Citizen FD Rates: Monthly payout on Rs 8,88,999 investment in 5-year FD
Rs 3,33,375 overall and Rs 5,556.25 monthly
SBI Senior Citizen FD Rates: Maturity amount on Rs 8,88,999 investment in 5-year FD
Interest- Rs 4,00,003
Maturity- Rs 12,89,002
(Disclaimer: These calculations are estimations. Actual amounts may vary slightly
