FD amount double in how many years in SBI?
I see you are wondering when your investment will double in SBI. I would suggest you use the ‘Rule of 72.’ Just divide 72 by the interest rate. With SBI’s current FD rates at around 6.25% - 7% per annum for 5–10 years, your money will double in nearly 10–11 years. Remember, exact time may vary depending on the interest rate you get and the compounding frequency.
A quick example for you to use this formula: if SBI is giving you a 7% annual interest rate, your money will double in about 10.3 years (72 ÷ 7 ≈ 10.3). If the interest rate is a bit less, say 6.5%, your FD will double in roughly 11 years.