SBI Bank Fixed Deposit (FD) Reinvestment Option: Rate Of Interest, Tenure And Other Details

SBI (State Bank of India) offers various types of term deposits. A term deposit is a fixed-term deposit held at a financial institution. SBI offers reinvestment plan, a variant of term deposits but instead of interest being paid out at a regular frequency during the period of deposit, it is paid out only at the time of maturity. Regular interest is added to the principal and compound interest calculated and paid thereon, said the cou...