SBI FD Rates.. How Much Will ₹2 Lakh Earn in Five Years for Regular and Senior Citizens?

State Bank of India offers retail term deposits starting from ₹1,000 and extending up to ₹3 crore, with deposit tenures ranging from seven days to ten years. According to the rates mentioned in the provided information, regular customers can earn interest starting from 3.05%, while the highest rate of 6.40% is available for deposits with a tenure of two to three years. Senior citizens get an additional rate, with rates ranging from 3.55% to 6.90%. SBI also has the 444-day Amrit Vrishti special deposit scheme, offering 6.45% for regular customers and 6.95% for senior citizens.

For deposits with a tenure of one to two years, the stated rates are 6.25% for regular customers and 6.75% for senior citizens. For three to five years, the rates are 6.30% and 6.80%, respectively. If a regular customer deposits ₹2 lakh for exactly five years at 6.30%, the stated calculation gives ₹73,380 as interest and a maturity amount of ₹2,73,380. For a senior citizen at 6.80%, the interest is stated as ₹80,188. Actual returns can vary depending on the applicable SBI rate, compounding method and deposit terms.

Note: Fixed deposit interest rates and returns can change. The figures mentioned above are based on the rates and calculations provided in the source information and are for general awareness only. Investors should check the latest applicable SBI rates and terms before making a deposit.