SBI FD Scheme gives you the opportunity to convert your money into safe and assured returns. With attractive interest rates and easy process, know why it is the best investment option.
SBI FD Scheme: There are many investment options available today, but when it comes to safe and fixed returns, SBI FD Scheme (SBI FD Investment) proves to be a great option for investors. In the Fixed Deposit (FD) scheme, you have to invest a lump sum amount, on which you get good returns with the interest rate fixed by the bank.
Start investing from ₹ 1,000 and get great returns
State Bank of India (SBI) gives its customers the option to start investing from ₹ 1,000. There is no maximum limit of investment in this scheme, so that investors can invest the amount as per their wish. The investment period can range from 7 days to 10 years. The interest rates offered by the bank range from 3% to 7%, while senior citizens get the benefit of additional interest.
How much return will be there on an investment of 3.5 lakhs?
If a person invests ₹3.5 lakh in SBI FD and locks it for 5 years, then based on the bank’s 6.5% annual interest rate, this amount becomes ₹4,83,147 after maturity. This scheme is risk-free and offers fixed returns, making it an ideal option for small and medium investors.
How to invest in SBI FD?
Investing in SBI FD is very easy. For this you can visit the nearest SBI branch or invest online through SBI YONO app. For the application process, you will need documents like identity proof, address proof, and passport size photo.
Apart from this, the process of opening a fixed deposit is also available on the official website of SBI. By logging in to the website, you can fill the form as per your convenience and get detailed information related to the scheme.
FAQs
Q1. What is the interest rate of SBI FD scheme?
The bank offers interest rates ranging from 3% to 7%, while senior citizens get the benefit of additional interest.
Q2. What is the minimum and maximum investment limit?
The minimum investment amount is ₹1,000, while there is no limit on the maximum amount.
Q3. How to open an FD online?
You can open an FD through SBI’s YONO app or official website.
