SBI 400-day FD vs SBI 1-year FD: Where will you get higher returns for short-term needs on Rs 2 lakh, Rs 4.5 lakh, and Rs 7 lakh deposits?
A fixed deposit (FD) is a secure and straightforward investment option where you deposit a lump sum for a specified period at a fixed interest rate. The key advantage is that the interest rate remains unchanged regardless of market fluctuations, ensuring stable returns.
SBI FD Rates: Fixed deposits are among the most reliable investment choices for individuals seeking safe and steady returns. Offered by banks and non-banking financial companies (NBFCs), they allow investors to park a lump sum for a predetermined duration.
Compared to stock market investments, FDs provide a more secure alternative, offering guaranteed returns and higher interest rates than standard savings accounts. The State Bank of India (SBI), one of the leading banks, offers various fixed deposit schemes with competitive interest rates. Below is a look at the latest SBI FD rates for their one-year FD and special 400-day FD on deposits of Rs 2 lakh, Rs 4.5 lakh, and Rs 7 lakh.
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(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
Why opt for FD?
FDs are a safe option for investors looking for stable and secure returns. They offer higher interest rates than regular savings accounts and ensure guaranteed returns, making them a safer alternative to stocks. Banks and NBFCs provide various FD schemes, allowing flexibility in choosing the tenure and payout options.
When to start FD?
Starting an FD depends on your financial goals and liquidity needs. If you have surplus funds that you don’t need immediately, investing in an FD can help you earn better returns. It is advisable to compare interest rates, bank credibility, and premature withdrawal terms before choosing the best FD scheme.
SBI 1-year FD interest rate
The interest rate for SBI’s 1-year fixed deposit stands at 6.80 per cent for general citizens and 7.30 per cent for senior citizens.
SBI 400-day FD interest rate
SBI’s Amrit Kalash 400-day fixed deposit scheme offers an interest rate of 7.10 per cent per annum for general citizens and 7.60 per cent per annum for senior citizens. The last date to apply for this scheme is March 31, 2025.
SBI 1-year FD: Maturity on Rs 2 lakh investment
A general citizen investing Rs 2 lakh in SBI’s 1-year fixed deposit can earn an estimated maturity value of Rs 2,13,950.75, with approximately Rs 13,950.75 earned as interest.
SBI 400-day FD: Maturity on Rs 2 lakh investment
For the 400-day Amrit Kalash FD, an investment of Rs 2 lakh will yield an estimated maturity value of Rs 2,16,035.58, with approximately Rs 16,035.58 as interest earned.
SBI 1-year FD: Maturity on Rs 4.5 lakh investment
A Rs 4.5 lakh investment in SBI’s 1-year FD is expected to grow to an estimated maturity value of Rs 4,81,389.18, earning approximately Rs 31,389.18 in interest.
SBI 400-day FD: Maturity on Rs 4.5 lakh investment
Investing Rs 4.5 lakh in SBI’s 400-day FD scheme can result in an estimated maturity value of Rs 4,86,080.05, with approximately Rs 36,080.05 earned as interest.
SBI 1-year FD: Maturity on Rs 7 lakh investment
For a Rs 7 lakh investment in SBI’s 1-year fixed deposit, the estimated maturity value is Rs 7,48,827.61, with approximately Rs 48,827.61 earned in interest.
SBI 400-day FD: Maturity on Rs 7 lakh investment
A Rs 7 lakh investment in the 400-day Amrit Kalash FD can yield an estimated maturity value of Rs 7,56,124.52, with approximately Rs 56,124.52 earned as interest.