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.

The post SBI FD Calculator: Deposit ₹5 lakh and you will get interest of more than ₹2 lakh, See the complete calculation first appeared on Rightsofemployees.com.

In this (Post office 5 year Time Deposit scheme) the rate of interest is annual but is calculated on a quarterly basis. Investment in this scheme can be started with a minimum of Rs 1000. If you come from those investors who do not want to take risk and can be satisfied with fixed returns, then you can invest lump sum money in Post Office 5 year TD scheme of Post Office. In lieu of this, how much return will be received, we understand it here with the help of FD calculator.

How much will be the profit on investing ₹ 1 lakh

According to the Bankbazaar Post Office FD calculator, if you invest Rs 1 lakh today (by choosing the Reinvestment/Cumulative option) in the five-year Post Office Time Deposit Scheme, you will get 7 percent interest on maturity based on That is, after 5 years you will get Rs 1,41,478. In this, Rs 1 lakh is your investment amount and on this you will get the actual return of Rs 41, 478. The investment made under this post office scheme is also safe.

How much will be the profit on investment of ₹ 2 lakh

If you invest Rs 2 lakh in the five-year post office time deposit scheme as on date, then on the basis of 7 percent interest rate, on maturity i.e. after 5 years, you will get a total of Rs 2,82,956. There is an investment of Rs 2 lakh from your side and you will get Rs 82,956 as a return.

If you invest ₹ 5 lakh, you will get this much return

According to the Bankbazaar Post Office FD Calculator, if an investor invests Rs 5 lakh in this scheme as a lump sum, then he gets a total of Rs 7,07,389 as calculated on maturity on the basis of 7 percent interest. The amount invested by the investor in this is Rs 5 lakh, but on this he gets a return of Rs 2,07,389.

Benefits of Five Year Time Deposit Scheme in Post Office

If you invest in this scheme (Post office 5 year Time Deposit scheme), then you can open as many accounts as you want. Benefit is also available under section 80C (section 80C) of the Income Tax Act 1961 on the investment made in this. On maturity, you can also extend it for the same amount of time. Any single, joint and even three adults together can open the account. A minor can also operate the account.

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