SBI FD Calculator: If you are also looking for a completely safe investment option instead of investing money in the market, then 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 its customers interest at the rate of 6.50 percent on FDs from 211 days to 1 year. Accordingly, if you deposit Rs 5 lakh in SBI FD in a year, you will get Rs 33,301 as interest only. On the other hand, if the bank gives interest at the rate of 7 percent to senior citizens, then they will get Rs 35,930 as interest.
How much return in 2 years?
SBI gives its customers interest 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 at the rate of 7.20 percent to senior citizens on FDs up to 2 years, then they will get Rs 76,703 as interest.
How much return in 3 years?
SBI gives its customers interest 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 at the rate of 7.40 percent to senior citizens 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 at the rate of 7.25 percent to senior citizens on FDs up to 5 years, then they will get Rs 2,16,130 as interest.
