Investing Rs 5 million in SBI FD? This is what the elderly can expect to be a familiar person

The State Bank of India (SBI) has once again lowered the interest rate on fixed deposits (FDS) and has fixed deposits (FDS) for all terms effective from 15 June 2025. The reason most banks cut interest rates is because the Reserve Bank of India lowered the buyback rate by 50 basis points earlier this month. But older people can still double their funds in a 10-year FD program. In this article, we will calculate how a deposit of Rs 50,000 can create Rs 1,00,000 in 10 years.

Also Read: SBI FD, Savings Account, AMRIT VRISHTI Reduction: PSU Bank has lowered interest rates for all term from June 15, 2025; see full details

SBI’s 10-year FD interest rate for seniors

After lowering interest rates, SBI offers an interest rate of 7.05% for the elderly in a 10-year FD program.

SBI FD’s deposit of Rs 50,000
If an elderly person deposits Rs 5 million in SBI FD for 10 years, they can still double it.

Calculate Rs 5 million to Rs 1 crore
At an interest rate of 7.05%, seniors can earn over Rs 5 million in interest in 10 years of FD.

Investment amount: Rs 5 million
Estimated earnings (7.05%): Rs 50,57,284
Total value: Rs 1,00,57,284

If the elderly deposit Rs 4 million for 10 years

In the deposit of Rs 40,000, the elderly can double the money.

calculate
Investment amount: Rs 4 million
Estimated return (7.30%): Rs 40,45,827
Total value: Rs 80,45,827

SBI FD 30,00,000 deposit
Regarding how seniors make Rs 6 million for investments of Rs 3 million.
Investment amount: Rs 3 million
Estimated return (7.30%): Rs 30,34,370
Total value: Rs 60,34,370