What is the interest rate on SBI NRE account?
2.70% p.a
(All figures in % per annum)
| Sr No. | Particulars | Rate of Interest |
|---|---|---|
| 1 | Saving Deposits Balance upto Rs. 1 lakh. | 2.70% p.a |
| 2 | Saving Deposits Balance above Rs. 1 lakh. | 2.70% p.a on entire balance |
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.
Can we do FD for 3 months?
If you want to invest in an FD for 3 months, you can get a decent rate of return. If you’re a senior citizen, you can get 7.40% p.a. on your investment for 3 months.
How is SBI FD interest calculated?
For SBI FD, the tenure usually varies from 7 days to 10 years. Then, use the slider to select the interest rate on the SBI FD. Lastly, select the compounding frequency from monthly, quarterly, half-yearly and yearly options. Compounding frequency is the number of times the interest will be compounded.
What is the interest rate in SBI?
SBI FD interest rates range from 5.25%pa to 7.25%pa compounded quarterly. For 60,90, and 120 days the fixed deposit rate in SBI is 6.5% pa. A 6 month period for SBI fixed deposit gives an interest of 6.75% pa. The SBI fixed deposit interest rate for a nine month period is 7% pa.
What is fixed deposit interest?
Fixed deposits are loan arrangements where a specific amount of funds is placed on deposit under the name of the account holder. The money placed on deposit earns a fixed rate of interest, according to the terms and conditions that govern the account. The actual amount of the fixed rate can be influenced by such factors…
What is a fixed deposit in India?
Fixed deposits are a high-interest -yielding Term deposit and offered by banks in India. The most popular form of Term deposits are Fixed Deposits, while other forms of term Deposits are Recurring Deposit and Flexi Fixed Deposits (the latter is actually a combination of Demand deposit and Fixed deposit).