QuestionsCategory: sukanyahow much amount received after mechurity
ramana.vadugu asked 7 months ago

Dear sir Iam deposit 4000/- per year 14 year open account after 21 years how much received mechurety amount.
SBI Bank employee said how to possible paid 1000/- per year after 21 given 600000 how to possible it total trash.
 
Please reply me please

1 Answers
Bipin Staff answered 7 months ago

If you deposit Rs 4000 every year, at maturity, assuming current rate of interest you will receive Rs 1,95,647.90

If you deposit Rs 1000 every month your maturity amount will be close to Rs 5,70,000.

Keep in mind interest rate are reviewed every quarter and can change.