SBI Update: By investing Rs 5,000 in SBI, you will get Rs 3,54,957...

There is good news for those who have an account with the State Bank of India (SBI Account). SBI Bank is giving special offers to customers for investment. If you also have an account in the country's largest government bank, then you can benefit. In this scheme of SBI, you will get interest of around Rs 55,000. In this scheme of SBI, you do not have to deposit any money at once. If you also get RD done in SBI, then general customers will get interest ranging from 6.50 percent to 7 percent. Even if you deposit your small savings every month, you can create a big fund in it. (SBI RD Account)

SBI Recurring Deposit
SBI gives RD for a period of one year to ten years. In this, you can deposit a minimum of Rs 100 every month. SBI's RD is offering 6.5% to 7% interest for the general public and 7% to 7.5% interest for senior citizens. These rates are applicable from 15 February 2023.

SBI RD interest rates

Interest from 1 year to less than 2 years is 6.80% for general and 7.30% for senior citizens.

2 years to less than 3 years 7% (General) 7.50% (Senior Citizens)

3 years to less than 5 years 6.50 (General) 7.00 (Senior Citizens)

Upto 5 years and 10 years 6.50 (General) 7.50 (Senior Citizen)

Around Rs 55,000 will be available in SBI RD
RD i.e. Recurring Deposit Scheme is a scheme in which money is deducted from your bank account every month. For example, suppose you deposit Rs 5,000 every month in RD for 5 years, then you will get interest at the rate of 6.50%. Accordingly, you will get interest of approximately Rs 54,957 on maturity. Let us tell you that your investment of Rs 5000 every month in 5 years will be Rs 3 lakh, but on maturity, you will get around Rs 3,54,957 lakh. Out of this, Rs 3 lakh will be your investment and the interest amount will be around Rs 54,957.
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