Why Majority of Our Economy Trust Fixing Money With SBI?

The State Bank of India has nationwide credibility amongst account holders. Specifically, when the question of either putting money aside in saving accounts or fixing money for better interest earning comes, SBI stands apart the rest. Though after revision, the SBI fixed deposit rates have been shrunk than previous rates. Yet, it varies between 7.00% to 9.75% p.a.

Depending on tenor of fixed deposits and amount, SBI offers slabs of interest rates. The biggest offer by SBI is a sense of security and safety of hard earned money. Apart from being nationalized government bank, SBI is an old name in the market and this name itself is a cherry on the cake of the customers.

Fixed deposit is a hassle-free way of saving. A majority prefers fixed deposits than to invest in share or mutual funds. Fixed deposit becomes a trusted corner stone when SBI offers this facility. SBI fixed deposit rates are as par the Government sanctions, transparent and convenient for everyone who wants to save.

SBI FD calculator helps in setting budget

Have you ever made use of the online calculators to manipulate the fixed deposits you will be getting on maturity? If no, you should try the SBI FD Calculator that will be giving you a clear idea on how much interest rate you will be getting on a certain amount of money invested. Ranging form a mere 7 % to 10 % , you can get all the options depending on the period for which you are going for fixed deposits and amount you are going to invest in. These tools and calculators are useful to help the common man and set their budget accordingly.

You just need to fill in the amount you want to invest in and the tenure for which your money will be invested. Accordingly the calculator will give back the precise amount you will be getting on maturity.

Summary: SBI FD Calculator helps you to set your definite budget for which you want to invest your money in fixed deposits.

State bank of India interest rates- In line with Private Banks

Are you looking for some investment options and thinking to invest in some good and highly assured returns schemes? Whether you are looking to invest in their fixed deposit schemes, PPF or another that would make you financially sound in the years to come, State bank of India interest rates have always been in the limelight. The Saving Bank deposits for State Bank of India offers an attractive interest rate of 4 % p.a. And if you look at their category of fixed deposits, there are options available to avail interest rate from 7 % to 9 % depending on the tenure for which you avail the scheme.

State bank of India Interest rates is admired by majority of the people in India for the reason that people prefer to go with nationalised bank over private ones.

Summary: State bank of India interest rates in no terms lag behind any of the private banks