SBI FD Calculator: If you are also looking for a completely safe option of investment instead of investing money in the market, then a Fixed Deposit in banks can prove to be a great option for you. In this, your deposit amount is completely safe and gives a fixed return for a fixed period. With the help of the country's largest government bank, SBI, let us understand 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.
How much return in 1 year?
SBI 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, if the bank gives interest to senior citizens at the rate of 7 percent, then they will get Rs 35,930 as interest.
How much return in 2 years?
SBI gives interest to its customers at the rate of 6.70 percent on FDs up to 2 years, so on an FD of Rs 5 lakh, you will get Rs 71,062 as interest. On the other hand, 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.
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 on an FD of Rs 5 lakh, you will get Rs 1,13,907 as interest. On the other hand, 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 interest to its customers 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 Zee Business. 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.
-
Not Dharmendra, Girish Karnad was Hema Malini’s mother -in -law
-
9 Signs your mental health is suffering
-
Facial acupuncture works to bring glow from inside the face, know how medical explained effective
-
KL Rahul did a big act, became the first player to score a century for three teams in the history of IPL
-
AP DSC hall ticket download 2025 link to activate on this date; exam from June 6
