Senior Citizen FD Rates: Returns on Rs 3 Lakh, Rs 6 Lakh, and Rs 9 Lakh for 1, 3, and 5-Year Amrit Vrishti Deposits

Higher returns on fixed deposits make SBI an attractive option for risk-averse senior citizens planning their retirement.

Overview of SBI Senior Citizen FDs

The State Bank of India (SBI) offers senior citizens attractive fixed deposit (FD) schemes with competitive interest rates, catering to their need for safe and stable investment options. Key schemes include Amrit Vrishti, Amrit Kalash, and SBI Sarvottam, alongside traditional FDs with tenures of 1, 3, 5, and 10 years.

Key Interest Rates for Senior Citizens:

• Amrit Vrishti Special FD: 7.75%

• 1-Year FD: 7.30%

• 3-Year FD: 7.25%

• 5-Year FD: 7.50%

Returns Based on Investment Amount and Tenure

1-Year FD – Estimated Maturity

• ₹3 Lakh Investment: ₹3,29,361.13 (Interest: ₹29,361.13)

• ₹6 Lakh Investment: ₹6,58,722.25 (Interest: ₹58,722.25)

• ₹9 Lakh Investment: ₹9,88,083.38 (Interest: ₹88,083.38)

3-Year FD – Estimated Maturity

• ₹3 Lakh Investment: ₹3,72,164 (Interest: ₹72,164)

• ₹6 Lakh Investment: ₹7,44,328 (Interest: ₹1,44,328)

• ₹9 Lakh Investment: ₹11,16,492 (Interest: ₹2,16,492)

5-Year FD – Estimated Maturity

• ₹3 Lakh Investment: ₹4,34,984 (Interest: ₹1,34,984)

• ₹6 Lakh Investment: ₹8,69,969 (Interest: ₹2,69,969)

• ₹9 Lakh Investment: ₹13,04,953 (Interest: ₹4,04,953)

Why Choose FDs Over Market-Linked Investments?

For senior citizens seeking secure returns, FDs offer predictable income through periodic interest payouts. Compared to market-linked options like mutual funds, FDs ensure capital protection, aligning with their lower risk appetite.

Additional Details

• Best Time to Invest: Higher rates on special schemes like Amrit Vrishti make this an opportune moment for senior citizens.

• Flexibility: SBI offers multiple payout options—monthly, quarterly, half-yearly, or on maturity—to suit individual needs.

• Safety and Trust: SBI’s reputation as India’s largest public-sector bank provides an added layer of security.

Considerations

Investors should carefully compare tenure options and plan based on their financial goals. It is also advisable to check for penalties on premature withdrawals to maintain liquidity.

For more information, visit SBI’s official website or consult your local branch for tailored advice.