Welcome to the SBI RD Calculator! Planning to invest in a recurring deposit (RD) with State Bank of India?
This easy-to-use tool allows you to calculate the maturity amount, total interest earned, and your overall investment based on the parameters you provide.
Customize the values such as monthly deposit, investment tenure, and interest rate to get a detailed projection of your future returns.
Results
| Year | Invested Amount (₹) | Earned Interest (₹) | Total Maturity (₹) |
|---|
How Does the SBI RD Calculator Work?
To get accurate results, enter the following details:
- Monthly Deposit (₹): The amount you plan to deposit each month.
- Investment Tenure (Years): The duration of your RD investment.
- Interest Rate (% p.a.): The interest rate provided by SBI for the RD scheme.
Key Benefits of Using the SBI RD Calculator
- Instant Calculation: The calculator updates the results in real-time as you adjust the values.
- Comprehensive Results: View the invested amount, interest earned, and total maturity value for each year of your RD.
- Easy-to-Use Interface: The calculator is designed with simple input fields and sliders for easy adjustments.
SBI RD Calculator – What Will You See?
After inputting the values, the calculator will show:
- Invested Amount: The total sum you will have invested at the end of your chosen period.
- Interest Earned: The total interest accumulated throughout the tenure.
- Maturity Amount: The final sum you will receive, combining your principal investment and the interest earned.
Example of a Calculation
For instance, if you:
- Deposit ₹2,000 each month for 5 years.
- Choose an interest rate of 8% p.a.
- The total investment over 5 years will amount to ₹1,24,000.
- Your total maturity value (including interest) could be ₹147933, based on the prevailing rates.
Why Choose SBI for Your Recurring Deposit?
- Attractive Interest Rates: SBI offers competitive interest rates that can maximize your savings.
- Safe and Reliable: SBI RD is a secure option, backed by one of the largest banks in India.
- Flexible Tenure: SBI allows you to choose a tenure ranging from 1 year to 20 years.
Start Planning Your Investment with SBI
Try out the SBI RD Calculator to get an estimate of your potential returns. Adjust the values for your monthly deposit, investment period, and interest rate to see how much you could earn over time.
Additional Details You Should Know
- Interest Calculation: Interest is calculated monthly, and your maturity amount includes both your principal and the earned interest.
- Minimum Deposit: SBI allows a minimum monthly deposit of ₹500.
- Maximum Deposit: The maximum deposit per month is ₹50,000.
- Tenure Flexibility: Choose an investment period from 1 year to 20 years to match your financial goals.
Use the SBI RD Calculator now to plan your savings strategy. This simple tool helps you estimate how much you will accumulate, helping you make informed financial decisions.