New Delhi SBI FD Scheme: The country’s largest bank SBI continues to offer special investment schemes to make its customers rich. Recently, SBI is in discussion for the Senior Citizen’s Special EFI Scheme. World Senior Citizen Day was celebrated by the bank on 21st August. On this day all the senior citizens of the country are honored. On such an occasion, take a step to protect the old age of the elderly.
It is necessary to live life easily after retirement. Which investments should be made at the right time. SBI FD scheme can be your right choice for this. SBI’s elderly can get double money on investment. Under this scheme, the elderly are getting good returns.
SBI New Senior Citizen FD Scheme
SBI Bank is giving interest at the rate of 7.50 per cent to the elderly under this FD scheme. Talking about the second period, it is available on FD for a period ranging from 7 days to 10 years. The bank is giving interest ranging from 3.50 per cent to 7.50 per cent on this. SBI gives benefits of up to 50 BPS i.e. 0.50 per cent to the elderly under the scheme. In this scheme you get the facility of loan.
How to become 10 lakh from 5 lakh
If you invest money in FD scheme for 10 years, then your money will double directly. If you invest Rs 5 lakh, then you get interest at the rate of 7.5 per cent. The investment period is of 10 years. In this, 5 lakh 51 thousand 175 rupees will be available as interest. And the total return will be Rs 10,51,175.
SBI Senior Citizen Fixed Deposit Scheme
SBI keeps revising the interest rates on its scheme from time to time. In such a situation, there may be a change in the total calculation. According to the current interest rate, before investing, you must calculate a number of times that how much will be your return. All senior citizens can avail this FD.
