Bank fixed deposit interest rates have climbed up and the State Bank of India is offering a great money-making chance for its account holders to profit from it. SBI FD interest rate has been hiked to a high of 7.25% and if you are interested in making a lot of money while sleeping, just check out what SBI is offering in its latest fixed deposit scheme.
The special SBI 444 day fixed deposit scheme with an assured 7.25% interest rate. Let us assume that you have Rs 5 lakh lying idle in your savings bank account where it is earning a measly around 3% interest rate. The best thing bank account holders can do is to take out that money and invest in a fixed deposit and earn more than double the interest rate. And the latest SBI FD interest rate hike offers just that chance. Leaving money in a savings bank account is like earning negative returns as its value is gradually being eaten up by inflation.
SBI FD interest rate of 7.25% can make you earn big amount and that too in a short time. So, breaking out our online SBI FD Calculator we invest a principal amount in this SBI FD of Rs 500000.
When the SBI FD calculator does the calculation, here is the maturity value that you get. The sum is definitely mouth-watering. SBI FD Maturity value received by account holder will be around Rs 5,45,341.
Because of the high SBI FD interest rate, the FD holder has been able to earn a huge amount of money even though he had to do absolutely nothing at all except go to the SBI branch and open a FD. In fact, an SBI FD can be opened sitting at home too. SBI FD interest earned by account holder will be around Rs 45,341.
Note: The FD calculator is only a general self-help planning tool. Interest and Maturity Values are indicative only and the actual maturity value will be printed in your FD Receipt.
SBI FD interest rate hiked to 7.25%! It is a sweet chance to get over Rs 45000 without having to break a sweat. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
