SBI FIXED Deposit scheme|| SBI FD Interest Rates 2019 || how much we get for 1 lakh || sbi fd

SBI FIXED Deposit scheme
Fixed deposit is investment instruments offered by banks and non-banking financial companies, where you can deposit money for a higher rate of interest than savings accounts. You can deposit a lump sum of money in fixed deposit for a specific period, which varies for every financier.
Once the money is invested with a reliable financier, it starts earning an interest based on the duration of the deposit. Usually, the defining criteria for FD is that the money cannot be withdrawn before maturity, but you may withdraw them after paying a penalty.
Eligibility
It can be opened by individuals and operate this account either singly or jointly
Account can be opened in the name of minor and a minor of 10 years and above age can open and operate the account
Nomination facility

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