State Bank Of India Fixed Deposit Interest Rate Calculator calculates the interest earned on a fixed deposit with the help of outlined components:
(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
With effect from 9 May 2019. Click here to know about SBI NRO Term Deposits Rates. Source: SBI official website. Note: Interest rates are subject to change from time to time as per the Bank’s discretion. Foreign Currency Non-Resident Deposits (FCNR(B)) (% p.a.) w.e.f. Click here to know about Foreign Currency Non-Resident Deposits (FCNR(B)). State Bank Of India Fixed Deposit Interest Rate Calculator calculates the interest earned on a fixed deposit with the help of outlined components: (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 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.
- The duration varies from 7 days to 10 years. The rate of interest also changes according to the duration of the FD, total rates in the economy as well as the policy of the related bank. Interest rates in 2019. Bank FD rate of 9.25% provides fair returns which is adequate to cover the inflation rate.
- Low interest rates. Interest rate on a daily reducing balance. Zero processing charges. No prepayment penalties. Important Points About Loan Against Fixed Deposit From SBI. The tenor cannot exceed 5 years. You cannot avail loan/overdraft facility against tax-saving fixed deposit (with a lock-in of 5 years).
(3) Term of Deposit (FD Tenure)
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.
(4) Compounding of Interest
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.
Deposit Details
Earn 0.65% interest p.a. for a 36 months tenure
Earn 0.60% interest p.a. for a 18 or 24 months tenure
The minimum deposit amount per individual or per joint account with the same individuals is SGD 1,000
Multiple deposits can be placed by the customer as long as the maximum amount per individual or per CIF is $1,000,000
Unless otherwise instructed in writing at least three working days prior to the maturity date of the deposit, the term deposit will be renewed automatically on maturity for the same period as the original deposit at the SBI Prevailing Term Deposit Board Rate of interest at the time of renewal.
Click here to go to State Bank of India website for more details
Sbi Fixed Deposit Interest Rates 2019 Irs
Historical Chart and Deposit Rates
* Interest Rates based on highest fixed deposit rate with
maximum deposit amount of $75,000 and 3 to 18 months tenure
Sbi Fixed Deposit Interest Rates 2019 2020
State Bank of India current highest fixed deposit rate is 0.60% p.a. for 18 months tenure with minimum deposit of $1,000.
1 Lakh Fixed Deposit Interest In Sbi
There is currently no fixed deposit promotional rate for State Bank of India Fixed Deposits. The current highest fixed deposit rate is a State Bank of India board rate
The current Money Lobang National Average Fixed Deposit Rates for March 2021 is 0.46% p.a.
Sbi Fixed Deposit Interest Rates 2019 Nre
The average monthly highest fixed deposit rate for State Bank of India since 2018 is 1.08% p.a.
Sbi Fixed Deposit Interest Rates 2019
The last time State Bank of India had a fixed deposit rate promotion was in Jun 2019