These 3 FD schemes of SBI are beneficial for the future, you will get the highest interest, you will become a millionaire.
State Bank of India is the largest government bank of the country, in which many schemes are run for the people of the country so that maximum benefits can be given after investment. You are given a lot of money for a short period of time along with investing in it, in this you will be told about the fixed deposits of the biggest banks.
Investing for different periods of time
At present, investments are made in the fixed deposit scheme of State Bank of India for different periods of time and the interest rates are also different. Let us tell you that at present, which fixed deposit scheme of State Bank of India is going to be the best.
How much interest rate will be available in SBI FD?
1.SBI Bank’s FD scheme is run for different time periods and the interest received from the bank for different time periods is also at different rates. If you are investing in the FD scheme of SBI Bank, then suppose you have invested ₹ 5,00,000. In this way its interest rate benefit is also applied. In the scheme, 6.90 percent interest is given for 1 year and if you invest Rs 5 lakh in SBI Fund Scheme for 1 year, along with this interest rate, the bank gives you Rs 35,403 as interest.
2.Whereas if you are investing ₹ 5,00,000 in SBI FD scheme for 2 years, then the interest benefit calculated by the bank is 7.50 percent. In 2 years, the bank gives you Rs 74,441 as interest on your Rs 5,00,000.
3.If you are investing Rs 5 lakh in SBI’s FD scheme for 5 years, then the bank gives you the benefit of interest rates at the rate of 7.50 percent. After 5 years, the bank gives Rs 22,49,74 as interest on the investment made by you.
