State Bank Of India Fixed Deposit Interest Rate Calculator calculates the interest earned on a fixed deposit with the help of outlined components:
State Bank of India (SBI) offers several FD accounts at attractive interest rates. The tenure of the FD account offered by SBI ranges between 7 days and 10 years. Certain FD accounts come with tax benefits under Section 80C of the Income Tax Act. SBI FD interest rates range from 3.40% to 6.20% per annum for deposits less than Rs 2 Crore. For tenure of 1 year to 5 years, one can avail the highest FD interest rates. SBI Fixed Deposit FD Interest Rates December 2019: फिक्स्ड डिपॉजिट को निवेश का सबसे सेक्योर और अच्छा माध्यम माना जाता है. पब्लिक सेक्टर के सबसे बड़े बैंक.
(1) Deposit Amount
It is an amount which an FD account holder wants to invest in the fixed deposit. It is also called principal. It is to be remembered that this amount can be deposited only once hence you have to decide the amount to be invested according to your investment objectives.
(2) Interest Rate
It is the rate of interest offered by the bank where you open the FD. It differs for different tenures. Once FD is opened for a specific tenure then the interest rate will remain the same for the whole tenure.
Sbi Fixed Deposit Interest Rates 2019
(3) Term of Deposit (FD Tenure)
Sbi Fixed Deposit Interest Calculator
It is the duration for which the amount is invested in an FD which may vary from 7 days to 10 years. In the calculator, you can select the tenure in days, months or year.
Sbi Fixed Deposit Interest Rates 2019 For Senior Citizens
(4) Compounding of Interest
Sbi Term Deposit Interest Rate
Interest can be compounded on monthly, quarterly, half yearly or annual basis. It can be a simple interest as well. You need to enter it based on the offer by the bank.