How much interest will you earn on deposit of Rs 2,00,000 in a 555-day FD with SBI? Check full calculation
New Delhi: Despite rising investments in the stock market and mutual funds, many people still consider fixed deposits (FDs) as the safest investment. FDs remain the preferred choice, especially for those seeking guaranteed returns without risk. The country's largest public-sector bank, State Bank of India (SBI), offers customers interest rates ranging from 3.05% to 7.15% on FDs with varying tenures. Today, we'll see how much you'll receive upon maturity and how much interest will be included in the total amount if you deposit Rs 200,000 in an SBI 555-day FD scheme. SBI interest rate on FDsย State Bank of India…