Up to 7.55 percent interest is being given on FD

The public sector State Bank of India is giving its customers interest ranging from 3.50 percent to 7.55 percent on FD schemes of different tenures. This government bank is giving 7.05 percent interest to general citizens and 7.55 percent interest to senior citizens on the special FD scheme of 444 days. State Bank of India is giving a bumper interest of 7.00 percent to general citizens and 7.50 percent to senior citizens on 2 year FD. Let us tell you that after the Reserve Bank of India reduced the repo rate, State Bank of India also reduced the interest rates on its savings schemes.

On depositing Rs 2 lakh, you will get a total of Rs 2,32,044

By depositing only Rs 2 lakh in a 2-year FD of State Bank of India, one can get a fixed interest of Rs 32,044. If a common citizen, whose age is less than 60 years, deposits Rs 2,00,000 in a 2-year FD in State Bank of India, then he will get a total of Rs 2,29,776 on maturity. In this, he will get Rs 29,776 as fixed interest. Similarly, if a senior citizen, whose age is 60 years or more, deposits Rs 2,00,000 in it, then he will get a total of Rs 2,32,044 on maturity, in which he will get Rs 32,044 as fixed interest.

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