State Bank of India (SBI), the country's largest government bank, always provides every information to its customers from time to time. Whether it is a way to avoid banking fraud or new updates of the bank. SBI shares every information with its customers through tweet or message. But do you know that this bank is far ahead of many other banks in terms of earning its customers. The stock of this bank has made its customers rich.
In fact, SBI shares have given double returns in just one year. That is, the investors who invested 1 lakh rupees in SBI's stock a year ago, their money has now become 2 lakhs of 1 lakh.
Journey from 5 May 2020 to 5 May 2021
On May 5, 2020, SBI's share on the National Stock Exchange of NSE was about 171 rupees. Which reached close to Rs 356 on 5 May 2021. That is, during this one year, this stock has given more than double returns. During this time, the investors, who saved this stock for one year, their money has increased more than double. If someone had bought 100 shares of the company on 5 May 2020, the price was close to Rs 17,100 at that time. It has now reached close to Rs 35,600. That means more than double the returns. Similarly, if someone had invested 1 lakh rupees in this stock a year ago, then their amount is now beyond 2 lakh rupees.
How much return in FD
On the other hand, if you talk about the returns in fixed deposits of SBI, then it varies from 4.90 per cent to 5.80 per cent. However, in fixed deposits, your money is completely safe. But investing in the stock market by making patience and strategy, that too in the long term, you can get better profits. However, to earn money from the stock market, long-term thinking, advice of your broker or market expert and the role of better strategy is important.
Disclaimer: Before investing in any stock, take the advice of market experts. These figures are given only for a period of one year. TV 9 Hindi does not provide any tips for you to invest money in any stock.