SBI Bank Scheme | Deposit Rs 5,000 in this scheme of SBI, bank will pay full interest of Rs 55,000

SBI Bank Scheme | Many types of facilities are provided to customers by the country’s largest government bank. Today we tell you about a scheme of State Bank of India, in which you will get Rs 55,000 as interest from the bank on investing Rs 5000. The special thing is that this is a scheme of State Bank, so there is no risk of money in it.

How much interest are you getting?

This recurring deposit facility is provided by SBI, in which all customers get the benefit of good interest. Customers are getting the benefit of interest at the rate of 6.8 percent on SBI Recurring Deposit. Along with this, senior citizen customers are getting interest at the rate of 7.5%.

RD can be done for different periods

Let us tell you that the bank is giving customers the opportunity to get RD for a maximum period of 10 years. SBI tops the list of government banks. You can get RD done for different tenures according to your convenience.

SBI Bank Scheme | You can start with 100 rupees every month

This scheme you can start with Rs. 100. Along with this, customers have to deposit money every month. You can also get recurring deposit for a period ranging from one year to two years.

SBI Bank Scheme | How to get interest of Rs 55,000?

If you want an interest of Rs 55000, then you have to get an RD of Rs 5000 every month. Along with this, you will have to get an RD of 5 years duration. On this, customers will get the benefit of interest at the rate of 6.5% from the SBI bank. The interest on the compounded amount will also increase every year and customers will get an interest of Rs 54,957 after five years.

SBI Bank Scheme | Term wise applicable interest rates

* Ordinary citizens will get 6.80 percent interest on RD from 1 to less than 2 years. At the same time, senior citizens will get an interest of 7.30 percent.
* For RD above 2 years and less than 3 years, the interest rate will be 7 percent for ordinary citizens and 7.50 percent for senior citizens.
* For RD above 3 years and less than 5 years, the interest rate will be 6.50 per cent for ordinary citizens and 7 per cent for senior citizens.
* On RD from 5 years to 10 years, the interest rate will be 6.50 percent for ordinary citizens and 7.50 percent for senior citizens.

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