If you deposit ₹ 4,00,000 in SBI’s 400 day FD, what will be the maturity amount? Investment opportunity till 31st March
State Bank of India i.e. SBI is running a special Amrit Kalash FD scheme till 31 March 2024.
SBI is offering 7.10 percent interest to general customers and 7.60 percent interest to senior citizens in Amrit Kalash FD Scheme.
According to SBI maturity value calculator, if a normal customer deposits ₹ 4,00,000 in a special FD of 400 days, then the maturity amount will be Rs 4,32,071. The interest amount you received in this is Rs 32,071.
If you are a senior citizen, then the maturity amount on the same investment will be Rs 4,34,402. The amount of interest you received in this is Rs 34,402.
FD scheme is a fixed return scheme. It is considered as a safe investment option.
