It is very important for everyone to invest these days so that one does not end up facing any financial crunch in the future. If you want to secure your future, then the State Bank of India (SBI) FD scheme can be a wonderful option for you. It is safe and gives good returns as well.
Know whether you need to start investing Rs 1000
SBI FD scheme is providing higher interest rates compared to all other banks, which in turn gives a benefit to an investor. If you choose to invest in SBI’s FD scheme, that will be a good option for you as it will give you more interest rate with security.
Lets know about SBI FD scheme
State Bank of India (SBI) is one of the big trusted banks in the country, where you don’t have worry about money once you invest. SBI FD Yojana is the most secure and profitable investment where you can within 7 days to maximum up to 10 years deposit money.
This scheme has fixed interest rates for different time periods with respect to different amounts. If you invest 6 lakh in this scheme, you gain good returns in terms of interest from that amount. The amount of return will vary according to time and interest rate applicable on your FD.
It is usually seen that the interest rate on FDs ranges from 6.5% to 7% for a time period from 1 year to 5 years. So if you invest Rs 6 lakh, there are decent chances of making good profits that will safeguard the future.
You Had to Start Investing with Rs 1,000
If you are really looking to keep your savings safe and still want to enjoy good returns, then, of course, State Bank of India’s Fixed Deposit (SBI FD Yojana) scheme can be your darling option.
To invest in this scheme, one has to be Indian, and here all you require to do is open an account and invest starting from just Rs 1,000. The best part is that there is no maximum limit on investment, thus you can deposit any amount you want.
