There is a locking period of 45 days. They are giving interest rate … At the interest rate of 7%, a post office fixed deposit investment will double in 10 years and four months. than according to Rule 72 your invested money will be doubled in 72/8 = 9 years. R: My amount is 50000ruppes is fix in sbi on one years.then after one years how much money will be return total. Post Office FD is considered a safe investment option as it is backed by the sovereign guarantee of the Government of India. How many years FD will double? Is Post Office FD Safe?
Here’s an example. In Fixed Deposits - Asked by venkat raju - 8 years ago Best Answer: you can calculate the amount that you will get after a certain time interval through deposit calculator, click here to get use deposit calculator.
Post Office Fixed Deposit (POFD) is similar to a bank deposit where the money is deposited for a fixed tenure and interest rate. How many years will FD double in the post office? Post office FD has four tenures available – 1, 2, 3, and 5 years.
The interest rate payable to SBI Staff and SBI pensioners will be 1.00% above the applicable rate. If you want to double your money, the rule of 72 shows you how to do so in about seven years without taking on too much risk. The range of interest rates is from 5.75% p.a. The thumb rule to calculate the same is also very simple. Fixed Deposit offer higher interest rates than savings accounts and do not compromise on the safety of one’s money (returns) like other investment options like mutual funds.Interest earned on FD is either paid at regular intervals or is reinvested, depending on the investor’s choice. After five years, NSC will fetch you Rs 2.20 lakh at maturity whereas, SBI's tax-saving FD will return Rs 2.03 lakh and on IDFC Bank's tax-saver FD you will earn Rs 2.16 lakh. Now state bank of India has revised interest rates for Domestic Term Deposits. on an FD with a maturity of 1 year. The rate applicable to all Senior Citizens of age 60 years and above will be 0.50% above the applicable rate. The higher the investment tenure, the higher is the interest rate offered. FD Calculation Formula: This is A = P (1 + r/4/100) ^ (4*n) and A = P (1 + r/25)4n. State Bank of India (SBI) offers an interest rate of 6.70% p.a. Post office 1 year FD prevailing interest rate is 7%. This means if you invest Rs.1 lakh in Bank Fixed today than you will get Rs.2 lakhs if you stay invested for 9 years. for a maturity between 5 years and 10 years. Fixed Deposit (FD) is a type of term deposit offered by banks and other non-banking financial companies (NBFC). For more details about the withdrawal process and documents required for the same, call the customer care team of SBI at toll-free number 1800-425-3800, 1800-11-2211 and toll number 080-26599990.