SBI FD: Seniors Get ₹83,652 Guaranteed on ₹2 Lakh Deposit

• RBI's repo rate cuts have led to commercial banks, including SBI, reducing interest rates on some Fixed Deposits (FDs).
• SBI offers various FD tenures (7 days to 10 years) with interest rates ranging from 3.05% to 7.05%.
• Senior citizens (60+) can earn ₹83,652 interest on a ₹2 lakh, 5-year SBI FD at 7.05% p.a., totaling ₹2,83,652 at maturity.
• General public (under 60) can earn ₹70,035 interest on a ₹2 lakh, 5-year SBI FD at 6.05% p.a.
• SBI also offers a special "Amrit Vrishti" FD for 444 days, with rates of 6.45% for general and 6.95% for senior citizens.

Why It Matters: SBI offers seniors a guaranteed ₹83,000+ return on a specific FD.