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SBI Fixed Deposit Interest Rates for Below Rupees Two Crore
SBI Fixed Deposit Interest Rates for Rupees Two Crore & Above
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NRE TERM DEPOSITS With effect from 10th November 2019
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Advantage of Fixed Deposit
1. Tax Benefits
You can claim deduction up to 1.5 Lakh under section 80C of Income-tax law. Fixed Deposits can help you to save tax on your annual income.
2. Higher rate of Interest
Fixed deposit interest rates are always higher than the regular saving deposit. SBI Saving account interest rate is 3.5% whereas the sbi FD interest rates are 6.25.
3. Safe Investment
Fixed Deposit is always considered a safe investment option. Unlike other investment like a mutual fund, FD returns you an assured amount on the maturity of your Fixed Deposit.
Note – You can visit this page to know the changes of rates of all fixed deposits, SBI FD rates Changes
The FAQ ( Frequently Asked Questions )
1. Minimum and Maximum limit for Fixed Deposit in SBI?
The minimum amount deposit is 5000 INR per year and the maximum deposit amount is 50000 in a financial year.
2. Is there any penalty in default payment?
Yes, he penalty for default payment in the minimum deposit is Rs 50 Per financial year.
3. What are the Minimum and Maximum period of Deposit?
The minimum period of SBI Fixed deposit is 5 years and Maximum is 7 Years.
4. Who is eligible for SBI FD?
Any individual other than minor are eligible for this scheme.
5. Can Senior Citizen avail additional rate of interest on SBI Flexi Deposit?
Yes, SBI offers an additional rate of Interest to the senior citizen.
Deposit Your lumpsum amount on SBI FD to avail the features like Guaranteed Return, choice of interest payout, liquidity through OD or premature withdrawal. SBI Fixed Deposit is available for 7 Days to Years, and anyone can start the FD by investing Minimum deposit of 1000 INR.
I hope we have cleared all your queries related to SBI fixed deposit interest rates, In case if you have any doubt related to the Interest % of SBI FD, You can share with us in the comment section and we will try our best to Solve Your queries.