SBI FD vs HDFC Bank FD vs ICICI Bank 1-year FD Calculator: What will you get on maturity if you invest Rs 5 lakh in each guaranteed return scheme

Senior citizens need a regular income option post retirement. So, a lot of them invest their money in fixed deposit (FD) schemes. Banks such as State Bank of India (SBI, HDFC Bank, and ICICI Bank offer 1-year fixed deposit schemes to senior citizens. 

SBI FD vs HDFC Bank FD vs ICICI Bank 1-year FD Calculator: What will you get on maturity if you invest Rs 5 lakh in each guaranteed return scheme
Banks such as State Bank of India (SBI, HDFC Bank, and ICICI Bank offer 1-year fixed deposit schemes to senior citizens. Image Source: Pixabay/Representational

Fixed deposits (FD) are a simple and secure investment choice for senior citizens. It is a non market linked investment that allows its investors to invest a lump sum amount and get returns in the form of interest.

Check out the interest rates for 1-year senior citizen FDs of State Bank of India (SBI), HDFC Bank, and ICICI Bank. Also, learn what will you get in maturity on Rs 5 lakh investment in each guaranteed return scheme. 

SBI FD interest rate for senior citizen 
SBI offers an interest rate of 7.30 per cent in 1 year. 

What will be the corpus if you invest Rs 5 lakh in SBI senior citizen FD for 1 year?
If you deposit Rs 5 lakh for 1 year, you will get estimated Rs 5,37,511 on maturity. 

HDFC Bank interest rate for senior citizen 
HDFC Bank offers an interest rate of 7.10 per cent in 1 year. 

What will be the corpus if you invest Rs 5 lakh in senior citizen FD for 1 year in HDFC Bank?
If you deposit Rs 5 lakh for 1 year, you will get estimated Rs 5,36,456 on maturity. 

ICICI Bank's senior citizen interest rate 
ICICI Bank offers an interest rate of 7.20 per cent in 1 year.

What will be the corpus if you invest Rs 5 lakh in senior citizen FD for 1 year in ICICI bank?
If you deposit Rs 5 lakh for 1 year, you will get estimated Rs 5,36,984 on maturity. 

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Written By: ZeeBiz WebTeam
Updated: Wed, Oct 23, 2024
12:49 PM IST
ZeeBiz WebDesk
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