I have my account in SBI. I am planning to open FD account there. Can you tell me which FD is best in SBI?
When someone asks me which FD is best in SBI, I always tell them that it depends on the objective behind creating it.
In your case as well, I would suggest focusing on your investment goal. It can be to earn the highest possible interest or save more on taxes.
When talking about the Fixed Deposits by SBI, they also provide schemes that suit the best interests of the investors. Here are the FDs that SBI currently provides so that you can align your investment goal and invest without much hassle:
| Name of the Scheme | Highest Interest Rate (Regular Citizen) | Highest Interest Rate (Senior Citizens) | Purpose |
|---|---|---|---|
| SBI Amrit Vristi Scheme | 6.6% | 7.10% for seniors and 7.20% for super senior citizens | Suitable for earning a higher short-term return (444 days). |
| SBI Annuity Deposit Scheme | 6.50% | 7.50% | This is suitable if you are looking for a steady monthly payout |
| SBI Tax Saver Deposit | 6.05% | 7.05% | Suitable to claim up to ₹1.5 lakh. |
| Regular Fixed Deposits by SBI | 6.05% | 7.05% | To earn regular returns. |
| SBI Green Rupee Term Deposit | 5.95% | 6.95% | To contribute to the environment-friendly initiatives in India. |
FD interest rates are subject to changes due to shifts in the repo rate. Therefore, I would recommend checking the latest interest rate of an FD option in the list before investing.