SBI FD Interest Rate 2024: What will you get if you invest Rs 5 lakh in State Bank of Indias FD for 1, 2, 3 and 5 years

 

SBI FD Interest Rate 2024: Recently, the countrys largest bank- State Bank of India (SBI)- has increased interest rates on some of its selected maturity fixed deposits (FDs) by up to 0.50 per cent. With the new interest rates in place in SBI FD, lets see what corpus you will make if you invest Rs 5 lakh for 1, 2, 3 and 5 years.

SBI FD Interest Rate 2024: SBI FD schemes have been popular for a long time since they give fixed income and guaranteed returns. The income that one gets from SBI FD is not market-linked and is rish-free. Investors know the interest rate at the time of depositing their money in the FD scheme so they can calculate the return that they will get after a certain period. However, interest rates for all SBI FDs are not the same

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