SBI Superhit Scheme: State Bank of India has launched SBI Superhit FD scheme for the customers. One has to invest in this scheme for 1 or 2 years. Compared to other schemes, it offers higher interest. In this scheme the investor gets 7.4% interest. While senior citizens get 7.90 percent interest.
SBI Superhit Scheme: The country’s largest public sector State Bank of India (SBI) comes with many offers for customers. Currently the bank is running SBI best FD scheme for its customers. The bank is offering 7.4 percent interest in this FD scheme. This interest is higher than other investment options like PPF, NSC and Post Office Scheme.
Apart from this, the biggest feature of this scheme is its duration. This scheme is for 1 or 2 years only. The bank is giving 7.4 percent interest on 2 year FD to the general public, while it is giving 7.90 percent interest to senior citizens.
The bank is giving 7.10 percent interest to the general public and 7.60 percent interest to senior citizens on FD with a tenure of 1 year.
What is the Investment Limit?
The investor has to invest at least Rs 15 lakh in SBI Best Term Deposit Scheme. A maximum investment of Rs 2 crore can be made in this scheme. The bank has given the option of 1 year and 2 years period to the investor in this scheme.
This plan is best for those who are retired. When he gets money from PPF fund, he can invest in this scheme. If he invests more than Rs 2 crore in the scheme, the interest he gets will be reduced by 0.05 percent.
