SBI Amrit Vrishti FD: If you want to invest your money then SBI Amrit Vrishti FD can be a great option for you.
This is a 444-day fixed deposit scheme that gives you returns at attractive interest rates. In this scheme, common people are being given an interest of 7.25% and senior citizens are being given an interest of 7.75%.
Know how much return you will get on an investment of ₹ 1,00,000 to ₹ 5,00,000.
How much return will you get on investment of ₹ 5,00,000
On an investment of ₹ 5,00,000, senior citizens will get interest of ₹ 48935.21 at the rate of 7.75%, that is, the maturity amount will be ₹ 5,48,935.21.
At the same time, common citizens will get interest of ₹ 45,667.69 at the rate of 7.25% and the maturity amount will be ₹ 5,45,667.69.
How much return on investment of ₹4,00,000
If we calculate this on an investment of ₹4,00,000, then senior citizens will get interest of ₹39,148.17 in 444 days. In this way, the maturity amount will be ₹4,39,148.17.
On the other hand, common citizens will get an interest of ₹36,534.15. In this way, the maturity amount will be ₹4,36,534.15.
How much return on investment of ₹3,00,000
On an investment of ₹3,00,000, senior citizens will get interest of ₹29,361.13 in 444 days. In this way, the maturity amount will be ₹3,29,361.13.
On the other hand, common citizens will get an interest of ₹27,400.62. In this way, the maturity amount will be ₹3,27,400.62.
How much return will you get on an investment of ₹2,00,000
On an investment of ₹2,00,000, senior citizens will get interest of ₹19,574.08 in 444 days. In this way, the maturity amount will be ₹2,19,574.08.
On the other hand, common citizens will get an interest of ₹18,267.08. In this way, the maturity amount will be ₹2,18,267.08.
How much return on an investment of ₹1,00,000
On an investment of ₹1,00,000, senior citizens will get interest of ₹9,630 in 444 days. In this way, the maturity amount will be ₹1,09,630.
On the other hand, common citizens will get an interest of ₹9,280. Thus, the maturity amount will be ₹1,09,280.
Calculating Returns on SBI Amrit Vrishti FD
You can calculate the returns on SBI Amrit Vrishti FD using the following formula:
Maturity Amount = Investment Amount + (Investment Amount x Interest Rate x Tenure / 365)
For example, if you invest ₹1,00,000, your maturity amount will be:
Maturity Amount = ₹1,00,000 + (₹1,00,000 x 7.25% x 444 / 365) = ₹1,09,280
How to Invest in SBI Amrit Vrishti FD
To invest in SBI Amrit Vrishti FD, you need to visit the nearest SBI branch. You need to submit the required documents and fill out the application form. Once your application is accepted, you can make your investment.