What is the minimum amount to deposit in FD?
The minimum amount required to open a fixed deposit can range from Rs. 1,000 (in State Bank of India) to Rs. 5,000 (in Axis Bank).
What is maximum amount for fixed deposit?
You can deposit a maximum Rs 1.5 lakh a year under Section 80C. There is also tax deducted at source (TDS) on FD. If your interest earned from FD is more than Rs 10,000 in a year, TDS will be deducted.
Can I open FD for 3 months?
If you want to invest in an FD for 3 months, you can get a decent rate of return. For instance, AU Bank offers 6.90% for regular citizens on their FD. If you’re a senior citizen, you can get 7.40% p.a. on your investment for 3 months.
What is the SBI fixed deposit calculator?
SBI Fixed Deposit Calculator can be used to check the interest and maturity amount that the depositor shall get on maturity. Since SBI FD interest rates keep on changing, it is highly advisable to check the maturity amount as per the prevailing interest rates before investing in a fixed deposit.
What is the minimum and maximum limit for SBI-flexi deposit?
Unlike Recurring Deposit account, SBI Flexi Deposit offers flexibility in choosing the deposit amount within the minimum and maximum limits per financial year. What is the minimum and maximum limit for SBI – Flexi Deposit? The Minimum deposit amount is Rs. 5,000/- per Financial Year.
What is the minimum amount required for SBI reinvestment plan?
In SBI Reinvestment Plan interest income is only credited to your account on the date of maturity. The interest income is consistently added to the principal amount. The minimum amount of deposit is Rs.1,000.
What is SBI term deposits?
SBI Fixed Deposit Schemes State Bank of India (SBI) offers a variety of investment products. Fixed Deposits or Term Deposits are one of the key products. The lender offers you the option of opening a fixed deposit account for a period that ranges between 7 days and 10 years.