SBI FD interest rate: The State Bank of India is the biggest bank in the country and it also has some of the most attractive money-making schemes for everyone, young, middle-aged and old. Among the standout ones are its fixed deposits. A high 7.3% SBI FD interest rate is available that can give you over Rs 75000 in just 12 months without you having to even break out a sweat. Yes, virtually money for nothing!
This SBI FD interest rate is available for senior citizens on investments of 1 year. The interest rate for rest of the population below 60 years is 6.8%, which too is a high amount. So, if you are thinking of making your money grow in order to make better lifestyle arrangements for your family and yourself including for emergencies like health problems or even job loss, then you must look at this SBI FD.
Also, notably, leaving your money idling in a savings bank account serves no purpose at all.
And how will SBI FD interest rate of 7.3% generate over Rs 75000 in just 12 months? Well, if you invest Rs 10 lakh for a period of 1 year, the SBI FD calculator shows that you will earn Rs 75,022 on maturity. What you will get back is Rs 10,75,022.
Considering that this money was not producing anything for you earlier, this is a definately a positive move forward.
For those people who don’t want the bother of managing their money actively, and therefore, shun the stock markets, property purchases, gold purchases, or even mutual funds, one of the safest and surest ways to earn money is through bank fixed deposits.
Note: The sums mentioned are estimates and the actual amounts will be available in the bank FD receipts.
SBI FD interest rate of 7.30% can easily earn tens of thousands of rupees for you. Just check what the SBI FD calculator revealed. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
