The big investor-friendly news coming from the largest public sector bank of the country State Bank of India (SBI) is yet another. SBI has launched a special fixed deposit scheme that offers attractive returns. Under this scheme, one will be able to earn ₹1,25,478 in interest if Rs 3 lakh has been invested; hence, it is presently considered to be among the most rewarding opportunities available for fixed deposits.
Some Features of the New SBI FD Scheme
This FD scheme has been designed keeping in mind investors, who seek safety with assured returns. Unlike market-linked investments, SBI FD schemes come with guaranteed returns, hence are trusted by the Indian saver.
The special FD comes with:
- Option for flexible tenure
- Above-average interest rates in comparison with regular deposits
- Additional benefits for senior citizens
- Safety guaranteed by the bank most trusted in the country
Returns on ₹3 Lakh Investment
The most attractive aspect is the high rate of return that the scheme offers. Upon investment of ₹3 Lakh, interest of ₹1,25,478 would accrue over the maturity period; this ensures a total maturity amount beyond ₹4,25,000 with safety of capital along with handsome profit.
Senior citizens earn still more returns because SBI offers them an additional interest rate benefit. This makes the scheme very attractive for retired people who are depending on steady and secure income.
Why This SBI FD Scheme Is Beneficial
SBI’s special FD plan has generated a lot of interest among the investors, mainly because of:
- Sure returns with no market risk at all
- Interest rates higher than savings account deposits or recurring deposits
- Equally attractive to the regular investor as to a senior citizen
- Money-safe investment backed by a bank of the government
- Best for parking lump sum amounts for steady growth
Conclusion
SBI Special FD Scheme is a golden opportunity for any investor wanting to get high interest rates with no risk. Interest payable on an amount of ₹3 lakh is ₹1,25,478, one of the highest interest rates available in terms of deposit schemes at present. If you are considering investing in a safe instrument with good returns, this scheme is worth serious thought.