SBI FD Calculator

Investing in an SBI FD is ideal for risk-averse investors looking to gain assured returns. This non-market-linked scheme is a great option to earn additional income on your idle funds and keep your initial corpus secure.

 

Before you invest, use the SBI FD calculator to get an estimate of your returns. This can help you assess if the current terms are ideal for your goals. If not, you can use the calculator to evaluate the right terms that give you desired returns. 

 

Read on to learn the latest SBI FD interest rates and the benefits of using an SBI fixed deposit calculator, and more. 

Before you invest in an SBI FD, check out the latest rates. This will help you choose the best terms that match your needs. Here are the latest SBI FD interest rates for domestic deposits under ₹2 Crores:

Disclaimer: The above interest rates are current as of October 2023 and are subject to change as per the bank’s policy.

 

Using the rates from the above table, you can use the State Bank of India FD calculator and check the returns for different investment terms. 

Using an FD calculator is an important step before you begin your investment. Here are the reasons why computing your returns with this digital tool is key to a positive experience. 

1. Select a Suitable Tenor

One of the major benefits of the SBI FD calculator is that it can help you decide the ideal tenor for your FD investment. You can adjust the investment terms to understand which duration gives you the returns you desire. 

2. Avoid Errors in Calculations

If you make multiple calculations manually, there are high chances of errors. However, an SBI FD calculator can make unlimited calculations accurately as it is an automated tool. As such, you can make informed decisions based on the correct estimates. 

3. Calculate Estimated Returns

Before you book an FD, ensuring you get the highest possible returns on your investment is crucial. You can easily do that by using a SBI FD calculator. Simply take your investment amount, assess the estimates for different tenors and choose accordingly. 

4. Save Time

Using an SBI fixed deposit calculator is faster than making calculations by hand, so you can save time. In fact, you can get estimates in just a few clicks.

5. Plan Your Investment

Issuers often offer a special tenor which can give you better returns. For example, you can use the SBI fixed deposit interest calculator to compare the returns for its special tenor ‘Amrit Kalash’ against other tenors. This way, you ensure you do not miss out on a great opportunity.

 

In addition to the above benefits, the SBI FD calculator is very simple to use. All you have to do is enter the amount you want to invest, choose a tenor, and select the interest rate (if available). Then, you must submit the details to get the estimates. 

 

Remember, in some cases, you may be unable to choose the interest rate as the calculator will automatically fill it depending on the tenor. 

 

If you plan to invest in fixed deposits, you can get umpteen options on Bajaj Markets. Choose a plan that best suits your goals and maximise your gains in just a few clicks.