Best FD Rates: Fixed deposits are considered the safest investment tool. Now before the financial year ends, know which are the schemes where you can invest and get an interest rate of 8%.
If you want to invest in Fixed Deposit (FD), then the country’s largest government bank – SBI has come up with special schemes. Apart from State Bank, IDBI Bank is also included in these.
Under this scheme, super senior citizens are getting interest up to 8.05%. These are limited period schemes and will be available till March 31, 2025. Let us know which are such schemes?
SBI Amrit Vrishti Scheme
- Duration: 444 days
- Interest rate: 7.25% for general investors, 7.75% for senior citizens
- Investment limit: Applicable to domestic retail term deposits and NRI rupee term deposits of less than ₹3 crore
- Premature withdrawal: Penalty of 0.50% on deposits up to ₹5 lakh and 1% on deposits above ₹5 lakh
- Availability: SBI branches, Internet Banking (INB), and YONO app