What are SBI deposit rates?
SBI offers FD interest rates of 3.50%-7.10% p.a. to the general public and 4.00%-7.60% p.a. to senior citizens for tenures ranging from 7 days to 10 years. The interest rate of SBI Tax Saving FD is 6.50% p.a.
What is current FD rates of SBI?
- 7 days – 45 days. 3.50% 4.00%
- 46 days – 179 days. 4.75% 5.25%
- 180 days – 210 days. 5.75% 6.25%
- 211 days – 364 days. 6.00% 6.50%
- 1 year – 1 year 364 days. 6.80% 7.30%
- 2 years – 2 years 364 days. 7.00% 7.50%
- 3 years – 4 years 364 days. 6.75% 7.25%
- 5 years – 10 years. 6.50% 7.50%
What is the interest rate of regular deposit in SBI?
| Tenure | RD Rates for General Citizens | RD Rates Senior Citizen |
|---|---|---|
| 1 year – 1 year 364 days | 6.80% | 7.30% |
| 2 years – 2 years 364 days | 7.00% | 7.50% |
| 3 years – 4 years 364 days | 6.50% | 7.00% |
| 5 years – 10 years | 6.50% | 7.00% |
Which bank gives 7% interest on savings account in India?
IDFC FIRST Bank offers interest rate up to 7% on balances more than Rs 10lac to less than Rs 5 crore.
What is the highest deposit in SBI savings account?
ATM cards are provided for all SBI Savings Accounts, except for (Domestic) Resident's Foreign Currency Accounts. No maximum balance for most SBI savings accounts except small savings (maximum Rs.50,000) and minor accounts (maximum Rs. 10,000).
Which FD is best in SBI for senior citizens?
SBI senior citizen FD latest rates
State Bank of India (SBI), the country's largest lender, offers an interest rate between 4% to 7.50% for tenure ranging from 7 days to 10 years. On a 5-year tenure, SBI offers 7.25% to senior citizens. These rates were last revised on 27 December 2023.
Which bank gives 8% interest?
| Banks | Highest FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
|---|---|---|
| AU Small Finance Bank | 8.00 | 0.50 |
| Fincare Small Finance Bank | 8.00 | 0.50 |
| DCB Bank | 8.00 | 0.50-0.60 |
| IDFC First Bank | 8.00 | 0.50 |
What is the interest of 10 lakh in SBI per month?
| Bank/NBFC/HFC | Non-Senior Citizen (p.a.) | Monthly Interest Payout |
|---|---|---|
| YES Bank | 7.25% | ₹ 6,042 |
| Jana Small Finance Bank | 7.25% | ₹ 6,042 |
| Kotak Mahindra Bank | 6.20% | ₹ 5,167 |
| SBI | 6.50% | ₹ 5,417 |
What is the interest of 50000 FD in SBI?
| Investment Amount | For 3 years with interest of 6.75% | For 5 years with interest of 6.5% |
|---|---|---|
| ₹ 50,000 | ₹ 61,188 | ₹ 69,141 |
| ₹ 1 lakh | ₹ 1,22,377 | ₹ 1,38,282 |
| ₹ 2 lakh | ₹ 2,44,753 | ₹ 2,76,563 |
| ₹ 5 lakh | ₹ 6,11,883 | ₹ 6,91,409 |
What is the interest rate of SBI in 2024?
SBI FD interest rates 2024 range between 3.50% to 7.10% p.a. for regular citizens and 4.00% for senior citizens. The tenure of SBI fixed deposit interest rates 2024 varies from 7 days up to 10 years.
Which Indian bank pays highest interest rate?
| FD Scheme | All Bank FD Interest Rates 2024 |
|---|---|
| HDFC Bank Tax Saving FD | 6.10% - 6.60% |
| IndusInd Bank Tax Saver Scheme | 6.75% - 7.50% |
| SBI Bank Tax Saving FD | 6.10% - 6.60% |
| RBL Bank Tax Saving FD | 6.55% - 7.05% |
Can I have more than 10 lakhs in my savings account?
If a savings account holder deposits more than Rs 10 lakh during a financial year, the Income Tax Department can send an Income Tax notice.
How can I get 7% interest on my money?
Currently, no banks offer an interest rate of 8% on savings accounts. However, some banks provide a 7% APY on checking accounts. These include Landmark Credit Union Premium checking account with an APY of 7.50%, and OnPath Credit Union High Yield checking account with an APY of 7.00%.
Can I deposit 5 lakhs in my SBI account?
For example, the cash deposit limit in SBI for current accounts is 5 lakh to INR 100 crore per month. In HDFC it is 60 lakh or ten times the value of the current monthly balance (AMB), after crossing this limit the bank may charge some interest from the depositor.
Which is the best deposit scheme in SBI?
- 8.50%* p.a. onwards. w.e.f. 05.04.2024. *T&C Apply. ...
- Start From. 11.15% p.a.* *T&C Apply.
- 2.70% p.a. less than Rs.10 Cr. 3.00% p.a. ...
- Starts From 8.75%* SBI Gold Loan. *T & C Apply.
- 2.70% p.a. Balance below Rs. ...
- 8.15% p.a.* *T&C Apply. ...
- 8.85% p.a. *T&C Apply. ...
- 7.00% 2 years to less than 3 year.
What is the interest of 1 lakh in SBI?
| Bank/NBFC/HFC | Non-Senior Citizen (p.a.) | Monthly Interest Payout |
|---|---|---|
| Kotak Mahindra Bank | 6.20% | ₹517 |
| State Bank of India | 6.50% | ₹542 |
| AU Small Finance Bank | 7.25% | ₹604 |
| Ujjivan Small Finance Bank | 7.20% | ₹600 |
How much interest does SBI bank give to senior citizens?
SBI offers FD interest rates of 3.50%-7.10% p.a. to the general public and 4.00%-7.60% p.a. to senior citizens for tenures ranging from 7 days to 10 years. The interest rate of SBI Tax Saving FD is 6.50% p.a.
What is the interest rate of SBI for senior citizens?
Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 30-September-2024. SBI GREEN RUPEE TERM DEPOSIT is available for three specific tenors of 1111, 1777 & 2222 days, at 10 bps below Card Rate for Retail deposits.
What is senior citizen interest rate at SBI?
For SBI senior citizens, the bank offers interest rate between 4% to 7.50%. Note that highest interest rate of 7.50% on tenure of 2 years to less than 3 years.
Which bank gives 9.5 interest rate?
Unity Small Finance Bank FD rates for senior citizens
At Unity Small Finance Bank, senior citizens can get up to 9.50 per cent on FDs of 1,001 days. The bank revised rates on February 2, 2024.
Which bank gives 9% interest on FD?
Unity Small Finance Bank offers FD interest rates ranging from 4.50% to 9% for tenures maturing between 7 days and 10 years to general citizens. The highest interest rate of 9% is offered on FDs maturing in 1001 Days. The rates are effective from October 9, 2023.
Who is the No 1 bank in India?
HDFC Bank is the largest bank in India in terms of market cap and the fourth-largest bank in the world on the same terms.
How much will I get if I put 10 lakhs in FD?
| FD Amount | Interest Rate Per Year | Interest Earned Monthly (in Rs.) |
|---|---|---|
| Rs. 10 Lakhs | 3.00% | Rs. 2,500.0 |
| Rs. 10 Lakhs | 3.50% | Rs. 2,916.6 |
| Rs. 10 Lakhs | 4.00% | Rs. 3,333.3 |
| Rs. 10 Lakhs | 4.50% | Rs. 3,750.0 |
How many years does it take for SBI fixed deposit to double?
How much time it takes to double the money with SBI FD. The online SBI Fixed Deposit calculator shows that senior citizens can double their money by booking an FD for a 10-year tenor. For example, if a senior citizen deposits Rs 50,000 in the 10-year SBI FD, it will grow to Rs 1,05,117 in 10 years.
What is the monthly interest of 1 crore in SBI?
| Deposit Amount | Interest Rate (p.a.) | Monthly Interest Payout |
|---|---|---|
| ₹1 Crore | 6.00% | ₹50,000 |
| ₹1 Crore | 6.50% | ₹54,167 |
| ₹1 Crore | 7.00% | ₹58,333 |
| ₹1 Crore | 7.50% | ₹62,500 |
