If you are looking for a fixed deposit scheme with safe and guaranteed returns, then these special FD schemes of SBI are the best option for you.
SBI: If you are looking for a fixed deposit scheme with safe and guaranteed returns, then these special FD schemes of SBI are the best option for you. The bank has introduced separate plans according to age and investment capacity.
Amrit vrishti fd – 444 day limited scheme
Green’s deposit
Patrons Deposit – Special for Super Senior Citizens
Additional benefits to senior citizens
You can withdraw money ahead of time but with conditions
Overdraft and loan facility
Tax and tds
FD Renewal and Nominee Facility
SBI: If you are looking for a fixed deposit scheme with safe and guaranteed returns, then these special FD schemes of SBI are the best option for you. The bank has introduced separate plans according to age and investment capacity.
The 3 special FD schemes of India’s most trusted bank SBI are Amrit Vrishti, Green -like deposits and patrons.
Amrit vrishti fd – 444 day limited scheme
Interest Rate (General): 6.60%
For senior citizens: 7.10% (including 0.50% We Care Bonus)
Investment security and better returns.
Green’s deposit
Minimum investment: ₹ 1.01 crore
Period: 1111, 1777 and 2222 days
Interest Rate: 5.95% – 6.45%
For senior citizens: 6.70%
Patrons Deposit – Special for Super Senior Citizens
Age: 80 years and above
Interest Rate: up to 7.15%
0.25% additional profit
Minimum investment: ₹ 1,000
Additional benefits to senior citizens
Each FD scheme more interest up to 0.50%
Special rate under We Care Scheme
Older opportunity for elderly investors
You can withdraw money ahead of time but with conditions
Equivalence possible in all FD schemes.
Penalty up to 0.50% -1% in some cases.
It is easy to withdraw money in need.
Overdraft and loan facility
You can take a loan or overdraft instead of FD.
Help will be available in emergency.
Interest rates are attached to FD.
Tax and tds
TDS deducted when the annual interest is more than ₹ 50,000.
You can get exemption from TDS by depositing Form 15G/15H.
Plan the tax wisely.