State Bank of India stands as the nation's largest public sector lender and remains a dependable haven for savers seeking reliable growth for their hard-earned money. With millions of customers entrusting their household wealth to the institution, fixed deposit accounts continue to serve as a cornerstone of risk-free financial planning. To accommodate diverse liquidity needs, the bank permits individuals to open fixed deposit accounts spanning from a minimal timeframe of 7 days up to a maximum duration of 10 years. For depositors evaluating a specific tenure of 364 days with a principal investment of 2,00,000 rupees, understanding the precise return breakdown clarifies the benefits across age groups.
Interest Rate Structure Across Diverse Tenures
The interest framework at State Bank of India scales according to the chosen deposit period, offering predictable yields for short-term and long-range horizons alike. For the shortest tenures ranging between 7 days and 14 days, the interest rates span from 3.05 percent to 3.65 percent. In the intermediate bracket covering 211 days to less than 1 year, the public lender guarantees an interest return ranging between 5.90 percent and 6.50 percent. For investors aiming to lock in capital over extended horizons from 5 years to 10 years, the bank provides yields ranging from 6.05 percent up to a peak of 7.15 percent.
Maturity Calculation on a 2 Lakh Rupee Investment for 364 Days
When a general depositor locks in 2,00,000 rupees for a 364-day duration, the total interest accrued at maturity reaches 12,030 rupees. Upon the completion of the term, the investor receives the principal along with the earnings, resulting in an aggregate payout of 2,12,030 rupees. This tenure provides an attractive avenue for savers who wish to park their funds for just short of a full year without exposing their balance to market volatility.
Enhanced Payouts for Senior and Super Senior Citizens
Recognizing the living requirements of elderly individuals, State Bank of India provides tiered preferential interest payouts to older age cohorts. A senior citizen placing 2,00,000 rupees into a 364-day fixed deposit account receives 13,073 rupees as fixed interest earnings, delivering an aggregate maturity balance of 2,13,073 rupees. For super senior citizens aged 80 years and above, the earnings increase even further. An identical deposit of 2,00,000 rupees over the 364-day span yields 13,283 rupees in fixed interest, culminating in a total maturity redemption of 2,13,283 rupees.
