SBI Superhit Scheme: The superhit fixed deposit scheme of the country’s largest bank SBI provides a lot of tension free earning. In this scheme.
you can deposit money for different maturities ranging from 7 days to 10 years. In these you get a good amount of interest along with the principal on maturity. Know how much SBI will earn in 1, 2, 3 and 5 years on an FD of Rs 10 lakh.
This much interest will be available on an FD of Rs 10 lakh in 1 year – The interest rate on SBI’s 1-year maturity fixed deposit is 6.80 percent. If you have deposited Rs 10 lakh for 1 year.
then you will get Rs 10,69,753 on maturity. That is you will get a fixed income of Rs 69,753 from interest.
SBI has fixed 7 percent interest rate on deposits with 2 years maturity. If you have deposited Rs 10 lakh for 2 years. then you will get Rs 11,48,881! In this way. you will get a fixed income of Rs 1,48,881 from interest in FD.
SBI Superhit Scheme
The interest rate on SBI’s 3-year maturity FD deposit is 6.75 percent. If you have deposited Rs 10 lakh for 3 years. then your maturity amount will be Rs 12,22,393. In this way you will get a fixed income of Rs 2,22,393 from interest.
How much interest will you get in 5 years in Fixed Deposit
The interest rate on SBI’s 5-year maturity deposit in Fixed Deposit is 6.50 percent! If you have deposited Rs 10 lakh for 5 years. then on maturity you will have a fixed income of Rs 13,80,419! In this way you will get interest of Rs 3,80,419.
SBI Senior Citizen FD Interest Rate 2024
SBI usually gives half percent (0.50%) more interest to senior citizens than regular customers on different maturities. At the same time, under the ‘WeCare Deposit’ FD scheme. senior citizens get half a percent more interest on deposits of 5 years or more. That is, the total benefit will be 1 percent.
In this way, if a senior citizen deposits Rs 10 lakh in this Fixed Deposit scheme for 5 years. then the maturity amount will be Rs 14,49,948. The benefit of ‘SBI WeCare’ can be availed till 31 March 2024.
Fixed Deposit offers tax saving benefits
Let us tell you, on a 5-year FD, you can claim a rebate of up to Rs 1.5 lakh under Income Tax Section 80C.All customers get the benefit of 5-year tax saver FD.Also, know that the interest received on Fixed Deposit is taxable.