SBI Scheme: Deposit ₹ 2,00,000 in SBI and get fixed return of ₹ 32,044, check details

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State Bank of India Savings Scheme: State Bank of India is the largest government bank in the country in terms of market cap. Crores of Indians have accounts in State Bank of India (SBI). This government bank is giving great interest to its customers on savings accounts. Today we are going to tell you about such a savings scheme of State Bank of India, in which you can get fixed interest of Rs 32,044 by depositing Rs 2 lakh. Yes, we are talking about the 2-year FD scheme of State Bank of India.

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Up to 7.55 percent interest is being given on FD

The public sector State Bank of India is giving its customers interest ranging from 3.50 percent to 7.55 percent on FD schemes of different tenures. This government bank is giving 7.05 percent interest to general citizens and 7.55 percent interest to senior citizens on the special FD scheme of 444 days. State Bank of India is giving a bumper interest of 7.00 percent to general citizens and 7.50 percent to senior citizens on 2 year FD. Let us tell you that after the Reserve Bank of India reduced the repo rate, State Bank of India also reduced the interest rates on its savings schemes.

On depositing Rs 2 lakh, you will get a total of Rs 2,32,044

By depositing only Rs 2 lakh in a 2-year FD of State Bank of India, one can get a fixed interest of Rs 32,044. If a common citizen, whose age is less than 60 years, deposits Rs 2,00,000 in a 2-year FD in State Bank of India, then he will get a total of Rs 2,29,776 on maturity. In this, he will get Rs 29,776 as fixed interest. Similarly, if a senior citizen, whose age is 60 years or more, deposits Rs 2,00,000 in it, then he will get a total of Rs 2,32,044 on maturity, in which he will get Rs 32,044 as fixed interest.

Disclaimer: This article is written for informational purposes only. Consult your financial advisor before making any kind of investment or taking any financial risk. rightsofemployees will not be responsible for any kind of risk.

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