SBI FD Calculator: If you are also looking for a safe option instead of investing money in the market, then a Fixed Deposit in banks can be a great option. In this, your deposit amount remains safe, and you get a fixed return for a fixed period. Let us understand with the help of the country's largest government bank, SBI, that if you make an FD of Rs 5 lakh in SBI, then how much will you earn from interest only in 1, 2, 3 and 5 years. (Bank fd News)
How much return in 1 year?
SBI Bank gives interest to its customers at the rate of 6.50 percent on FDs ranging from 211 days to 1 year. According to this, if you deposit Rs 5 lakh in SBI's FD in a year, then you will get Rs 33,301 only as interest. At the same time, senior citizens (senior citizen fd rates) get 7% interest, which will give them ₹ 35,930.
How much return in 2 years?
This bank gives interest to its customers at the rate of 6.70 percent on FDs up to 2 years, so in this case, you will get Rs 71,062 as interest on an FD of Rs 5 lakh. At the same time, if the bank gives interest to senior citizens at the rate of 7.20 percent on FDs up to 2 years, then they will get Rs 76,703 as interest. (SBI Bank Update)
How much return in 3 years?
SBI gives interest to its customers at the rate of 6.90 percent on FDs up to 3 years, so in this case you will get Rs 1,13,907 as interest on an FD of Rs 5 lakh. At the same time, if the bank gives interest to senior citizens at the rate of 7.40 percent on FDs up to 3 years, then they will get Rs 1,23,021 as interest.
How much return in 5 years?
SBI gives its customers interest at the rate of 6.75 percent on FDs up to 5 years, so in this case, you will get Rs 1,98,749 as interest on an FD of Rs 5 lakh. At the same time, if the bank gives interest to senior citizens at the rate of 7.25 percent on FDs up to 5 years, then they will get Rs 2,16,130 as interest.
Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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