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SBI FD Calculator: This Is How Much Your Rs 5 Lakh Investment Will Grow In 3 Years | Personal Finance News

SBI FD Calculator: This Is How Much Your Rs 5 Lakh Investment Will Grow In 3 Years | Personal Finance News

With the SBI FD Calculator, you can grow Rs 500,000 by investing in a 3-year FD with an interest rate of 6.75 percent.

SBI FD Calculator showed that a principal of Rs 10,00,000 would become Rs 12,20,595 in just 3 years! (Photo Credit: depositphotos)

New Delhi: With the help of State Bank of India (SBI) Fixed Deposit (FD) calculator, the depositor can easily calculate how much corpus he will get if he invests in a term deposit with the lender for a particular period. The FD calculator of SBI is available on the website of the bank. Let us see how to calculate the FD maturity amount in SBI:

How to use the SBI FD calculator online:

  • Go to https://sbi.co.in/web/student-platform/maturity-value-calculator#show
  • Please state the principal amount
  • Please specify the duration
  • State the annual interest rate.

That’s it! You don’t have to do anything else! SBI FD Calculator gives all the details like tenure and interest rates on the information provided.

SBI FD Calculator – How much will you earn with Rs 5 lakh, Rs 10 lakh, Rs 15 lakh FD with 3 years tenure?

Now let us use the SBI FD Calculator to find out how much corpus you can generate if you invest different principal amounts for a particular period, like that of the three-year period. Currently, the SBI FD interest rate for 3 years is 6.75 percent in case of common citizens. While it is 7.25 percent for senior citizens. On a term deposit of Rs 5 lakh for 3 years, the SBI Calculator will earn interest as follows:

SBI FD achieves return on investment of Rs 5 lakh over 3 years

  • Total Investment (Capital): Rs 5,00,000
  • SBI FD term: 3 years
  • SBI FD interest rate: 6.75% (general citizens)
  • What the SBI FD Calculator showed:
  • SBI FD Maturity Value: Rs 6,10,295
  • SBI FD Interest Value: Rs 1,10,295
  • So in just three years, you would earn over Rs 100,000 in interest.

SBI FD Return on Investment of 10 Lakh Rupees

  • Total Investment (Capital): Rs 10,00,000
  • SBI FD term: 3 years
  • SBI FD interest rate: 6.75% (general citizens)
  • After the SBI FD has done the calculation, the investor gets the following huge amount:
  • SBI FD Maturity Value: Rs 12,20,595
  • SBI FD Interest Value: Rs 2,20,591

As you can see, increasing the principal amount to Rs 10 lakh within the same time period will yield double the interest.

What are the benefits of NPS?

SBI FD Return on Investment of 15 Lakh Rupees

  • Total Investment (Capital): Rs 15,00,000
  • SBI FD term: 3 years
  • SBI FD interest rate: 6.75% (general citizens)
  • After the SBI FD has done the calculation, the investor gets the following huge amount:
  • SBI FD Maturity Value: Rs 18,30,886
  • SBI FD Interest Value: Rs 3,30,886

When the invested capital increases to 15 lakh rupees, the interest amount triples within 3 years.

SBI senior citizen FD returns Rs 5 lakh

  • Total Investment (Capital): Rs 5,00,000
  • SBI FD term: 3 years
  • SBI FD interest rate: 7.25% (seniors)
  • What the SBI FD Calculator showed:
  • SBI FD Maturity Value: Rs 6,19,360
  • SBI FD Interest Value: Rs 1,19,360

Seniors SBI FD returns on Rs 10 lakh

  • Total Investment (Capital): Rs 10,00,000
  • SBI FD term: 3 years
  • SBI FD interest rate: 7.25% (general citizens)
  • After the SBI FD has done the calculation, the investor gets the following huge amount:
  • SBI FD Maturity Value: Rs 12,38,720
  • SBI FD Interest Value: Rs 2,38,720
  • Senior citizens would get Rs 12.38 lakh after 3 years if they open a term deposit with SBI with a capital of Rs 10 lakh.

Seniors SBI FD yields Rs 15 lakh

  • Total Investment (Capital): Rs 15,00,000
  • SBI FD term: 3 years
  • SBI FD interest rate: 7.25% (general citizens)
  • After the SBI FD has done the calculation, the investor gets the following huge amount:
  • SBI FD Maturity Value: Rs 18,58,080
  • SBI FD Interest Value: Rs 3,58,080
  • SBI FD calculator shows that Rs 15 lakh would become Rs 18.58 lakh in case of 3-year FDs in case of senior citizens.

Please note that interest is compounded quarterly. The term and interest rates are indicative and the actual values ​​are given on the State Bank of India fixed deposit receipt.