How much Interest will I get from SBH-150 days deposit scheme ?

POSTED BY vamsi ON January 3, 2014 12:24 pm ONE COMMENT

Hi

Recently state bank of hyderabad(SBH) introduced SBH-150 days deposit scheme at intrest rate of 9.15%.If i invest 10,000.How much my money would increase and how interest is calculated ?

Thanks

Vamsi

One reply on this article “How much Interest will I get from SBH-150 days deposit scheme ?”

  1. ashalanshu says:
    January 3, 2014 at 1:11 pm

    Dear Vamsi, the maturity value is already there in your FD receipt if you have invested already. In case you are going to invest online, the maturity value is there in netbanking option. By the way, your earning ‘ll be for 150 days, so it ‘ll be 9.15*150/365 on a simple note. Due to Qtly compounding, the result ‘ll change a little bit.

    thanks

    Ashal

    Reply

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