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i want to double my money, so need to know the period of double in SBI
In Savings Accounts  -  Asked by haresh -  7 years ago

Best Answer:
To double the money you can invest in SBI fixed deposit for 5-10 years and get the amount compounded annually without withdrawing interest. You can deposit your money with SBI for period between six months to 10 years and bank will pay you interest on your deposited money plus on the interest you earn. Thus your interest gets compounded every quarter giving you higher returns. To know the Best FD rates offered by different banks visit
7 years ago - By Ashu

Other Answers (2)
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Answer 1.
I also prefer SBI or any other public sector bank for investment.
7 years ago - By Jonny
Answer 2.
You have chosen best bank for investment. Your money will be safe. Some people to earn more interest invest with private banks or private companies fixed deposit. Here chances of losing money is very high as your money is invested in business and if they go bankrupt your money is lost. In case of public sector banks govt. provides insurance so our money is safe.
7 years ago - By Himi
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