Investment in fixed deposit (FD) still attracts a large population in India. Guaranteed returns and fixed income are some of the attractions for a number of investors. State Bank of India also offers FD schemes. Know how much return you will get by investing in a SBI fixed deposit scheme.
SBI FD: Post office government investment schemes have their own charm. They offer guaranteed returns and fixed income and attracts a large population in India. Fixed Deposit (FD) is one such scheme, where investors invest money considering it as a safe investment option. An FD can be made in any bank or post office for different time periods at all places. Interest rates also vary according to time.
However, the objective of all investors is to get better and guaranteed returns on investment.
If you are also interested in buying a FD from State Bank of India (SBI), know that for how much return will you get on your investment?
If you invest Rs 5 lakh in a SBI FD, how much profit will you get per year and how much will your amount increase.
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SBI FD: Interest rates on different FDs in SBI
- 7 days to 45 days – 3.00%
- 180 days to 210 days – 5.25%
- More than 211 days but less than 1 year – 5.75%
- More than 1 year but less than 2 years – 6.80%
- More than 2 years but less than 3 years – 7.00%
- More than 3 years but less than 5 years – 6.50%
- Above 5 years and up to 10 years – 6.50%
- 400 days Amrit Kalash Deposit Scheme – 7.10%
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SBI FD: Additional interest to senior citizens
Senior citizens get 0.50 percent more interest on all these FD schemes. On schemes for more than 5 years and up to 10 years, 1 per cent more interest is available.
In such a situation, senior citizens are given interest at the rate of 7.50 per cent.
SBI FD: Return you will get on Rs 5 lakh investment
If you want to deposit Rs 5 lakh in a SBI FD, how much will your amount increase in 1, 2, 3, 5 and 10 years. Know the calculation according to SBI FD Calculator-
- With 5.75% interest on FD up to 1 year – Rs 5,29,376
- With 6.80% interest on FD up to 2 years – Rs 5,72,187
- With 7.00% interest on FD up to 3 years – Rs 6,15,720
- On FD up to 5 years with 6.50% interest – Rs 6,90,210
- With 6.50% interest on FD up to 10 years – Rs 9,52,779
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SBI FD: Returns senior citizens will get
- FD up to 1 year with 6.25% interest – Rs 5,31,990
- With 7.30% interest on FD up to 2 years – Rs 5,77,837
- With 7.50% interest on FD up to 3 years – Rs 6,24,858
- With 7.00% interest on FD up to 5 years – Rs 7,07,389
- With 7.50% interest on FD up to 10 years – Rs 10,51,175
