Today we are going to tell you about the FD of the country’s largest government bank SBI. SBI offers its customers a very good interest rate on its FD.
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Bank FD is very popular among people for investing money. Most people prefer to invest their money in bank FD. The reason for this is the guaranteed return and security of money in FD. Recently, RBI has not cut the repo rate in its MPC meeting. In such a situation, FD investors have benefited a lot because now the bank is not going to cut the interest rates of its FD.
SBI FD
Today we are going to tell you about the FD of SBI, the country’s largest government bank. SBI offers a very good interest rate return on its FD to its customers. In such a situation, you can invest in the FD of this bank.
Return of 7 lakhs in SBI FD
The interest rates of SBI’s 5-year term FD are 6.05 percent. In such a situation, if you invest Rs 5 lakh in this FD for 5 years, then you will get a lot of benefit. After 5 years i.e. on maturity, you will get a total of Rs 6,75,088. In this, only Rs 1.75 lakh will be your interest.
If you are a senior citizen, you can earn more profit in this FD. SBI offers a return of 7.05 percent to senior citizens for a period of 5 years. In such a situation, if you invest 5 lakhs, you will get a total of 7.09 lakh rupees on maturity. In such a situation, you will get a profit of Rs 2.09 lakh.
