SBI Scheme Offers Rs. 55,000 Interest on Rs. 5,000 Investment
We will tell you about such a scheme of State Bank of India, in which by investing Rs 5000, you will get Rs 55,000 as interest from the bank.
State Bank of India RD: Many types of facilities are provided to the customers by the country’s largest government bank. Today we will tell you about such a scheme of State Bank of India, in which by investing Rs 5000, you will get Rs 55,000 as interest from the bank. The special thing is that this is a scheme of State Bank (SBI Scheme), so there is no risk of money in it.
How much interest is being received?
RD facility is provided by State Bank of India, in which customers get the benefit of good interest. Customers are getting the benefit of interest at the rate of 6.8 percent on SBI recurring deposits. Along with this, senior citizens are getting interest at the rate of 7.5 percent.
RD can be done for different periods
Let us tell you that the bank is giving the opportunity to the customers to get RD done for a maximum period of 10 years. SBI is at the top in the list of government banks. You can get RD done for different tenures as per your convenience.
You can start even with Rs 100 per month
The special thing is that in this scheme you can start with Rs 100. Along with this, you have to deposit money every month. You can also get RD done for a period ranging from 1 year to 2 years.
How to get interest of Rs 55,000?
If you want interest of Rs 55000 then you will have to make RD of Rs 5000 every month. Along with this, you will have to get RD done for a period of 5 years. On this you will get the benefit of interest at the rate of 6.5 percent from the bank. The interest on the amount compounded every year will also increase and you will get an interest of Rs 54,957 after 5 years.
How much interest will be received on which period?
- A common citizen will get 6.80 percent interest on RD of less than 1 to 2 years. At the same time, senior citizens will get interest of 7.30 percent.
- On RD of more than 2 years and less than 3 years, general citizens will get 7 percent interest and senior citizens will get 7.50 percent interest.
- On RD of more than 3 years and less than 5 years, general citizens will get 6.50 percent interest and senior citizens will get 7 percent interest.
- On RD between 5 years to 10 years, general citizens will get 6.50 percent interest and senior citizens will get 7.50 percent interest.
Source: https://www.informalnewz.com/sbi-scheme-deposit-rs-5000-in-this-government-scheme-of-sbi-the-bank-will-give-interest-of-rs-55000-in-return-know-what-is-the-scheme/
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