Features of SBI Bank Fixed Deposit
- Tenure: The tenures of SBI FDs range from a week (7 days) to 10 years.
- Minimum Deposit: The smallest deposit required to start an FD with SBI is Rs. 1000, but there is no maximum deposit amount.
- Benefits for Senior Ciztizen: Senior citizen or elderly persons can benefit from an additional 0.50% SBI FD interest rate on amounts greater than Rs. 10,000.
- Nominee facility : SBI offers a nomination service, allowing depositors to nominate family members or spouses to receive the maturity amount.
- Auto renewal : The deposit has the option of auto-renewal.
- Loan facility : Loan against FD is also readily available.
- TDS deduction : If the consumer doesn’t send in Form 15G/15H, TDS will be charged out at the source at the current rate.
SBI FD Interest Rates 2023 | Fixed Deposit Calculator
The State Bank of India offers a wide range of deposit options that allow individuals to invest for both long and short periods of time. As the most important bank in India, SBI’s initiatives have brought about great results and superior returns for numerous decades, establishing them as a widely appreciated investment alternative among consumers. Customers can get excellent FD interest rates from SBI with just a Rs 1000 deposit. The State Bank of India, abbreviated SBI, is the largest bank in India, serving approximately 42 crore customers. People in general can get between 3-6.50% from an SBI FD, and seniors can get between 3.50% and 7.50%.
Table of Content
- SBI FD Interest Rates on Domestic Deposits (less than ₹2 crore)
- SBI FD Interest Rates on Domestic Deposits (more than ₹2 crore)
- Features of SBI Bank Fixed Deposit
- Types of SBI Bank FD Schemes
- How to Invest in SBI FD?
- Eligibility to Open an SBI FD Account
- Documents Required to Open State Bank of India FD
- Tax on SBI Fixed Deposit
- Loan Against SBI FD
- Premature Closure of SBI Fixed Deposit (Fees and Penalty)
- FAQs
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