Table of Contents
- 1 What is the interest of 10000 in SBI?
- 2 What is the rate of interest in SBI for 5 years?
- 3 How much interest will 10000 rupees earn?
- 4 Which FD is best for SBI?
- 5 What is the interest on 10 lakh fixed deposit?
- 6 Does fixed deposit double in 5 years?
- 7 What is the rate of interest in SBI annuity scheme?
- 8 How much do you need to deposit to earn Rs 10000 a month?
What is the interest of 10000 in SBI?
Fixed Deposit Interest Rates Comparison 2021
| Name | Interest rate | Min. deposit |
|---|---|---|
| This FD SBI Bank | 2.90\% – 5.40\% | ₹1,000 |
| ICICI Bank | 2.50\% – 5.35\% | ₹10,000 |
| Axis Bank | 2.50\% – 5.50\% | ₹5,000 |
| HDFC Bank | 2.50\% – 5.50\% | ₹5,000 |
What is the rate of interest in SBI for 5 years?
Interest Rates for SBI Tax Savings Scheme
| Maturity Period | General Public FD interest rate (per annum) | Senior citizen FD interest rate (per annum) |
|---|---|---|
| 5 years | 5.30\% | 5.80\% |
How much interest will 10000 rupees earn?
10,000 on an FD in ICICI Bank for a period of 1 year at the rate of 6.60\%, the total interest earned in case of monthly compounding will be Rs. 656….Compound interest calculation: Daily, monthly, quarterly, half-yearly, yearly.
| Compounding frequency | Principal amount | Interest earned |
|---|---|---|
| Monthly | Rs.10,000 | Rs.656 |
What is the rate of interest for 5 years?
The interest rate for 5-year term deposits range from 7.00\% p.a. to 9.50\% p.a. For senior citizens, the rate of interest paid ranges from 7.50\% p.a. to 10.00\% p.a.
What is the interest of 10 lakh FD in SBI?
State Bank of India FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.3\% | For 5 years with interest of 5.4\% |
|---|---|---|
| ₹ 1 lakh | ₹130267 | ₹130917 |
| ₹ 2 lakh | ₹260534 | ₹261834 |
| ₹ 5 lakh | ₹651335 | ₹654586 |
| ₹ 10 lakh | ₹1302671 | ₹1309171 |
Which FD is best for SBI?
The highest FD interest for SBI is 6.75\% for regular accounts and 7.25\% for Senior Citizens, only for the Fixed Deposits with tenure of minimum 5 years.
What is the interest on 10 lakh fixed deposit?
The monthly interest for 1 lakh fixed deposit is Rs….Monthly Interest for Senior Citizens:
| Investment amount | Monthly interest for Senior Citizens | Commutative interest for 5 years |
|---|---|---|
| 5 lakh | Rs.2,729 | Rs. 1,931,122 |
| 10 lakh | Rs.5458 | Rs.3,86,243 |
| 15 lakh | Rs. 8,187 | Rs.5.79,365 |
| 20 lakh | Rs. 10, 917 | Rs. 7,72,486 |
Does fixed deposit double in 5 years?
So, assuming the same for an investment of Rs 1 lakh in both SBI FD and Post Office Time Deposit Scheme for five years, Rs 1 lakh will become Rs 1,64,362 in SBI FD giving Rs 64,362 as interest after five years. This means money will get almost doubled in the Post Office Time Deposit scheme.
How much is the interest on SBI fixed deposit after 5 years?
The amount of interest earned on a SBI Fixed deposit amount of Rs. 10,000 after 5 years depends on the interest at which the deposit was made. For instance, on Rs. 10,000 amount, rate of 6.55\% and for a tenure of 5 years, interest value is Rs. 3838 and at maturity it is Rs. 13,838.
What is the interest rate of SBI FD in India?
SBI Fixed Deposit Interest Rates for Domestic Bulk Deposits (Rs. 2 crore and above) Note: The Interest rates are applicable on deposits of Rs. 2 crore and above with effect from 27th May 2020. SBI FD interest rates range from 2.90\% to 5.40\% for regular residents.
What is the rate of interest in SBI annuity scheme?
On the amount deposited, he will get a return from the interest rate of 7 percent, which is around Rs 10,000 every month. If you have over Rs 5 lakh to invest and you want to increase your income in future, then this is a better option for you. A minimum of Rs 1,000 can be deposited in SBI annuity scheme every month.
How much do you need to deposit to earn Rs 10000 a month?
If an investor wants a monthly income of Rs 10,000 every month, then he will have to deposit Rs 5,07,964. On the amount deposited, he will get a return from the interest rate of 7 percent, which is around Rs 10,000 every month.