Know Your FD Rate: Rs 6 lakh, Rs 12 lakh lump-sum investments deliver these returns to senior citizens, other depositors now
SBI's Sarvottam Special FD and PNB's 400-Day FD offer competitive interest rates for general and senior citizens, providing attractive returns on investments of Rs 6 lakh and Rs 12 lakh.
)
In a crowded fixed deposit (FD) market, two limited-period schemes from the State Bank of India (SBI) are drawing attention for their attractive interest rates. The SBI Sarvottam Special FD and Amrit Kalash Special FD offer competitive returns for both general and senior citizen depositors, with maturity tenures ranging from one to two years.
SBI Sarvottam Special FD
The SBI Sarvottam Special FD is a non-callable retail term deposit available in one- and two-year tenures. Here are the key features:
- Interest Rates:
- General Citizens:
- One-year deposit: 7.10%
- Two-year deposit: 7.40%
- Senior Citizens:
- One-year deposit: 7.40%
- Two-year deposit: 7.90%
- General Citizens:
For bulk retail deposits, the interest rates are slightly higher:
- Interest Rates for Bulk Deposits:
- General Citizens:
- One-year deposit: 7.30%
- Two-year deposit: 7.80%
- Senior Citizens:
- One-year deposit: 7.40%
- Two-year deposit: 7.90%
- General Citizens:
Estimated Returns for SBI Sarvottam Special FD
1-Year FD Returns for General Citizens:
- Investment of Rs 6,00,000: Estimated Returns: Rs 41,852, Total Value: Rs 6,41,852
- Investment of Rs 12,00,000: Estimated Returns: Rs 83,704, Total Value: Rs 12,83,704
1-Year FD Returns for Senior Citizens:
- Investment of Rs 6,00,000: Estimated Returns: Rs 45,014, Total Value: Rs 6,45,014
- Investment of Rs 12,00,000: Estimated Returns: Rs 90,027, Total Value: Rs 12,90,027
Punjab National Bank 400-Day Special FD
Another competitive option is Punjab National Bank's (PNB) special 400-day FD, which offers:
- Interest Rates:
- General Citizens: 7.30%
- Senior Citizens: 7.75%
- Super Seniors (aged 80 and above): 8.05%
Estimated Returns for PNB 400-Day FD
Returns for General Citizens:
- Investment of Rs 6,00,000: Estimated Returns: Rs 2,61,469, Total Value: Rs 8,61,469
- Investment of Rs 12,00,000: Estimated Returns: Rs 5,22,938, Total Value: Rs 17,22,938
Returns for Senior Citizens:
- Investment of Rs 6,00,000: Estimated Returns: Rs 2,80,706, Total Value: Rs 8,80,706
- Investment of Rs 12,00,000: Estimated Returns: Rs 5,61,411, Total Value: Rs 17,61,411
With the growing popularity of special FDs, these limited-time offers from SBI and PNB present a compelling opportunity for investors seeking higher returns on their savings. Senior citizens, in particular, stand to benefit from the elevated interest rates, making these fixed deposit options particularly attractive for maximising returns.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

LIC Saral Pension Plan: How to get Rs 64,000 annual pension on Rs 10 lakh one-time investment in this annuity scheme that everyone is talking about

Gratuity Calculation: What will be your gratuity on Rs 45,000 last-drawn basic salary for 6 years & 9 months of service?

Rs 1,500 Monthly SIP for 20 Years vs Rs 15,000 Monthly SIP for 5 Years: Know which one can give you higher returns in long term

LIC Saral Pension Plan: How much should you invest one time to get Rs 64,000 annual pension for life?

Income Tax Calculations: What will be your tax liability if your salary is Rs 8.25 lakh, Rs 14.50 lakh, Rs 20.75 lakh, or Rs 26.10 lakh? See calculations

8th Pay Commission Pension Calculations: Can basic pension be more than Rs 2.75 lakh in new Pay Commission? See how it may be possible

SBI Revamped Gold Deposit Scheme: Do you keep your gold in bank locker? You can also earn interest on it through this SBI scheme

Monthly Pension Calculations: Is your basic pension Rs 26,000, Rs 38,000, or Rs 47,000? Know what can be your total pension as per latest DR rates
12:46 PM IST