If you want to make a massive amount of money without taking any risk at all and not have to spend any time on the effort to earn it, then you must take a look at the SBI FD interest rate on offer currently. So, if you invest a sum of Rs 300000 in a State Bank of India fixed deposit scheme, you have a great chance to increase your money in a delightful way.
This kind of amazing news comes via the SBI FD interest rate of 7.5% available to senior citizens currently. The only thing you need to do is to land up at an SBI branch, or otherwise you can simply go online to start the FD.
The SBI FD scheme that you need to go for is the 10-year deposit and leave the money there without trying to break it during this tenure. You should simply invest and forget about it for a decade and then collect the massive amount that is due to you from SBI. Do note the fact that this is available to senior citizens only while the general public will get .5% less in interest.
Senior citizens must make sure to take the effort of trying to earn extra money from their principal that lies in their savings bank account as they have the opportunity to earn virtually double the interest rate in a fixed deposit.
Here is the breakup for the SBI FD calculator:
Total investment (Principal): Rs 300000
SBI FD tenure: 10 years
SBI FD interest rate: 7.5%
After the SBI FD does the calculation here is the massive amount the investor gets:
SBI FD maturity value: Rs 6,30,704
SBI FD interest value: Rs 330704
Note: The interest and maturity value are indicative and the actual ones will be on the State Bank of India fixed deposit receipt.
Don’t let you money lie idle in your savings bank account, deploy it in a bank fixed deposit and SBI FD interest rate of 7.5% is the best opportunity to turn your Rs 300000 into over Rs 600000. SBI FD calculator shows how. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
