Investing 5 lakhs in FD for 2.5 years in the name of wife will give this much profit, know the complete calculation..

FD Rate: RBI has cut the repo rate after many years. The reduction in the rate has been more than what investors had expected. This has made loans cheaper. But along with this, many banks have reduced the interest rates of FDs. But despite this, many banks in the country are still offering the highest interest on FD.

SBI Bank (SBI Bank FD Interest Rate) has recently cut the interest rates on FD by 0.25 percent in June. But despite this, it is giving great interest on FD (FD Rate) compared to other banks.

7 to 45 days FD

SBI Bank is offering a 3.05 percent interest rate to general customers on 7 to 45 days FD (SBI Bank FD Interest Rate). The bank is offering a 3.55 percent interest rate to senior citizens on this FD.

FD of 46 to 179 days

SBI Bank is offering a 5.05 percent interest rate to general customers on fixed deposits of 46 to 179 days. Senior citizens are getting a 5.55 percent interest rate on this FD.

FD of 180 to 210 days

SBI Bank is offering a 5.80 percent interest rate to general customers on FDs of 180 to 210 days. At the same time, it is offering a 6.30 percent interest rate to senior citizens (Senior Citizens FD Rates).

FD of 211 to less than 1 year

SBI Bank is offering a 6.05 percent interest rate on FDs of 211 to less than 1 year (FD Rate). Senior citizens are getting a 6.55 percent interest rate on this FD.

FDs of less than 1 to 2 years

SBI Bank is offering a 6.25 percent interest rate to general customers on FDs of less than one to two years. Senior citizens are getting a 6.75 percent interest rate on this FD.

FDs of less than 2 to 3 years

SBI Bank is offering a 6.45 percent interest rate to general customers on FDs of less than two to three years. Senior citizens are being offered a 6.95 percent interest rate on this FD.

FDs of less than 3 to 5 years

SBI Bank is offering a 6.30 percent interest rate to general customers on FDs of less than three to five years. Senior citizens are being offered 6.80 percent interest on this FD.

FDs for 5 and up to 10 years

SBI Bank is offering a 6.05 percent interest rate to general customers on FDs for 5 to 10 years. Senior citizens are getting a 7.05 percent interest rate on this FD.

Will you get this much return on investing 5 lakhs in SBI Bank FD?

You can earn huge returns by investing money in the FD (SBI Bank FD Rate) of India's largest government bank, SBI Bank. You can also get an FD in SBI in the name of your wife. If you invest five lakh rupees in a 2.5-year FD at an interest rate of 6.45 percent, then the total money will become Rs 5,86,734 on maturity. In this, you will get an interest of Rs 86,734. On the other hand, if your wife is a senior citizen, then the total amount on maturity will be Rs 5,93,992.