Table of Contents
What is the current interest rate on FD in SBI?
For regular investors (non-senior citizens), the highest rate of interest is 5.40%. For senior citizens, it 6.20%.
Which fixed deposit is best in SBI?
The highest FD interest for SBI is 6.75% for regular accounts and 7.25% for Senior Citizens, only for the Fixed Deposits with tenure of minimum 5 years.
What is the interest of 5 lakh FD in SBI?
State Bank of India FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.45% | For 5 years with interest of 5.5% |
|---|---|---|
| ₹ 50,000 | ₹58859 | ₹65785 |
| ₹ 1 lakh | ₹117719 | ₹131570 |
| ₹ 2 lakh | ₹235438 | ₹263141 |
| ₹ 5 lakh | ₹588595 | ₹657852 |
How much interest will I get for 10 lakhs?
The 10 lakh rupees fd interest varies from bank to bank. Currently Interest rate on 10 lakh ranges between 1.75% to 7.35%.
How can I double my money in SBI?
The SBI Fixed Deposit Double Scheme is named Special Term Deposit to cater to investors looking to double their money at maturity. In other words, it is a reinvestment plan where the accrued interest is added to the principal to generate compounding benefits.
Which bank gives highest return on FD?
Fixed Deposit Interest Rates by Different Banks
| Bank | Tenure | Interest Rates for General Citizens (per annum) |
|---|---|---|
| ICICI | 7 days to 10 years | 2.50% to 5.50% |
| Punjab National Bank | 7 days to 10 years | 3.30% to 5.25% |
| HDFC Bank | 7 days to 10 years | 2.50% to 5.50% |
| Axis Bank | 7 days to 10 years | 2.50% to 5.75% |
Can I get monthly interest on fixed deposit in SBI?
The interest rate on the SBI Monthly Income Scheme Fixed Deposit is in the range of 2.90% to 5.35%. The interest in this scheme is credited monthly in the depositor’s account. Thus, it an excellent option for individuals looking for regular and secured source of income.
Is FD Double in 5 Years?
Fixed Deposit: Currently, banks are offering an interest rate of around 6.25 per cent per annum on deposits with a maturity period of more than five years. Invest in an FD now and it will take 11 years for the money to double. The interest on FDs, however, is taxable as per the slab an individual falls under.
Can I get monthly interest on FD in SBI?
Yes, you can get monthly interest with monthly income FD scheme. What is the interest rate of the SBI Monthly Income Scheme Fixed Deposit? The SBI monthly income scheme fixed deposit has an interest rate ranging from 2.90% to 5.10%.
What are the best Fixed Deposit Plans in SBI?
SBI Term Deposit SBI term deposit is a simple fixed deposit account that has the following features.
Which bank has the highest interest rate for fixed deposit?
New Delhi: Fixed Deposits (FD) have always been a go-to for the common man in India. FD rates in India are among the highest and safest interest rates in the country. In the last few months, several banks have upgraded their fixed deposit plans.
What is current interest rate of SBI home loan rate?
The revised prime lending rate is 12.30 percent, as per the SBI website. Now, the base interest rate has also been increased by 10 points, and the new interest rate on loans for customers stands at 7.55 percent. Since the base rate has been increased by SBI, this will have a direct impact on the customers of the bank.
How to make a fixed deposit using online SBI?
– Collect your ID proof, PAN card and address proof (KYC docs) – Approach the nearest branch with a xerox copy of the KYC docs along with the originals (for verification purpose). – Ask for the FD /RD form. Fill in all the particulars. – Upto Rs.20000 can be paid in cash. Above that, bank will accept only via cheque. – Bank will give you a signed and sealed Fix