SBI FD Interest rate 2023: How much interest will be earned on an FD of one lakh in SBI Bank? Know complete information.
SBI FD Interest rate 2023: The complete information about how much interest will be earned on 1 lakh FD in State Bank of India is given in this article. The latest information about the interest rate of State Bank of India for the current year is given here. Now the return of FD is very high. State Bank of India has also increased the interest rate of fixed deposits of different maturities, so let’s know the detailed information.
How much interest will be earned on an FD of one lakh in SBI Bank
Nowadays many people want to know how much interest they will get in how many days before investing their savings. If you are confused about how much interest you will get on FD in sbi then now your problem of calculating interest is solved on official website of sbi. The available FD deposit calculators give you exact information about the interest rate you will get on maturity and how much interest you will earn on your fixed deposit investment for a period of two or three years.
6975 rupees interest per year in sbi bank which represents the interest on investment of one lakh rupees
SBI Bank has now reduced the interest rate on one year fixed deposit to 6.80 percent. According to SBI Fixed Deposit Calculator, if you deposit one lakh rupees for one year, you will get interest of 6975 per year and on maturity you will get a total of 1 lakh 6,975. Will be eligible to meet
In SBI Bank in 2 years Rs. 14,888 will get interest
SBI has increased the interest rate on deposits with a maturity of two years from 6.75% to seven percent If you deposit Rs 1 lakh for two years, you will get Rs 14.88 as interest in two years.
પંચાયત વિભાગના વર્ગ -૩ કર્મચારીઓની જિલ્લા ફેરબદલી નો આદેશ જોવા માટે અહી ક્લિક કરો
How much interest will be earned on a five year FD?
State Bank of India is also currently offering 6.50% interest on deposits with a maturity of 5 years. If you have deposited Rs 1 lakh for 5 years, you will get Rs 38,042 as interest in 5 years. In this way, your Rs 1 lakh will increase to Rs 138,042 in five years.
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Disclaimer: We have taken this information from State Bank of India website, please consult the relevant expert before investing