New Delhi: Using the State Bank of India’s (SBI’s) fixed deposit (FD) calculator, the depositor can easily find out how much corpus he will get if he invests in a term deposit with the lender for a set time period. SBI ‘s FD calculator is available on the bank’s website. Lets see how to calculate FD maturity amount in SBI:
How to use SBI FD calculator online:
Go to https://sbi.co.in/web/student-platform/maturity-value-calculator#show
Mention the principal amount
Mention the duration
Mention the annual rate of interest.
Thats it! You don’t need to do anything else! SBI FD Calculator will give all details like maturity and interest values on the information provided.
SBI FD Calculator- How much will you earn on Rs 5 lakh, Rs 10 lakh, Rs 15 lakh FD on 3 year tenure
Now, let’s use the SBI FD Calculator to find out how much corpus you can generate if you invest different principal amounts for a set period of time like that of the three-year period. Currently, the SBI FD interest rate for 3 years is 6.75 per cent in the case of general citizens. While it is 7.25 per cent for senior citizens. On a term deposit of Rs 5 lakh for 3 years, SBI Calculator will earn interest as follows:
SBI FD returns on Rs 5 lakh investment for 3 years
Total investment (Principal): Rs 5,00,000
SBI FD tenure: 3 years
SBI FD interest rate: 6.75% (general citizens)
What the SBI FD Calculator showed:
SBI FD maturity value: Rs 6,10,295
SBI FD interest value: Rs 1,10,295
So, in just three years time, you would earn interest of more than Rs 1 lakh.
SBI FD returns on Rs 10 lakh investment
Total investment (Principal): Rs 10,00,000
SBI FD tenure: 3 years
SBI FD interest rate: 6.75% (general citizens)
After the SBI FD does the calculation here is the massive amount the investor gets:
SBI FD maturity value: Rs 12,20,595
SBI FD interest value: Rs 2,20,591
As you can see, raising the principal amount to Rs 10 lakh yields double the interest value within the same time period.
SBI FD returns on Rs 15 lakh investment
Total investment (Principal): Rs 15,00,000
SBI FD tenure: 3 years
SBI FD interest rate: 6.75% (general citizens)
After the SBI FD does the calculation here is the massive amount the investor gets:
SBI FD maturity value: Rs 18,30,886
SBI FD interest value: Rs 3,30,886
Raising the principal invested to Rs 15 lakh, triples the interest amount within 3 years.
SBI senior citizen FD returns on Rs 5 lakh
Total investment (Principal): Rs 5,00,000
SBI FD tenure: 3 years
SBI FD interest rate: 7.25% (senior citizens)
What the SBI FD Calculator showed:
SBI FD maturity value: Rs 6,19,360
SBI FD interest value: Rs 1,19,360
Senior citizens’ SBI FD returns on Rs 10 lakh
Total investment (Principal): Rs 10,00,000
SBI FD tenure: 3 years
SBI FD interest rate: 7.25% (general citizens)
After the SBI FD does the calculation here is the massive amount the investor gets:
SBI FD maturity value: Rs 12,38,720
SBI FD interest value: Rs 2,38,720
Senior citizens would get Rs 12.38 lakh after 3 years if they open a term deposit with SBI with Rs 10 lakh capital.
Senior citizens SBI FD returns on Rs 15 lakh
Total investment (Principal): Rs 15,00,000
SBI FD tenure: 3 years
SBI FD interest rate: 7.25% (general citizens)
After the SBI FD does the calculation here is the massive amount the investor gets:
SBI FD maturity value: Rs 18,58,080
SBI FD interest value: Rs 3,58,080
SBI FD Calculator shows Rs 15 lakh would become Rs 18.58 lakh on FDs of 3 years tenure in case of senior citizens.
Note that the interest is compounded on a quarterly basis. The maturity and interest values are indicative and the actual ones will be on the State Bank of India fixed deposit receipt.
SBI FD Calculator shows how you can grow Rs 5 lakh by investing in a 3-year tenure FD at 6.75 per cent interest rate. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
