Guaranteed Return Scheme: Know what SBI, PNB, BoB, ICICI Bank and other banks are giving on Rs 5 lakh investment in fixed deposit schemes
If you invest Rs 5 lakh in SBI FD for one year, then your maturity amount will be Rs 5,34,877. Similarly, the maturity amount would be Rs 6,11,196 in three years and Rs 6,90,210 in five years.
A fixed deposit (FD) scheme offers a guaranteed return on a lump sum deposit. In FDs, you can deposit a sum for a fixed period to earn interest. FDs are considered a low-risk investment as they are not correlated with the market. They can be for a range of durations, from seven days to 10 years.
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PSU banks and other banks FD rates
This article will discuss what PSU banks SBI, PNB, BoB, Canara Bank and other banks like HDFC Bank, ICICI Bank are currently provide on 1-year, 3-year, and 5-year FDs. Take a look:
SBI FD interest rates
444 days - Amrit Vrishti: SBI offers 7.25 per cent interest on 444 days FD.
SBI- 1-year FD rate
In one year, the bank offers a 6.80 per cent interest rate to general citizens.
SBI- 3-year FD rate
In one year, the bank offers a 6.75 per cent interest rate to general citizens.
SBI- 5-year FD rate
In one year, the bank offers a 6.50 per cent interest rate to general citizens.
Rs 5 lakh investment in SBI FD
If you invest Rs 5 lakh in SBI FD for one year, then your maturity amount will be Rs 5,34,877. Similarly, the maturity amount would be Rs 6,11,196 in three years and Rs 6,90,210 in five years.
PNB FD interest rates
PNB provides 7.25 per cent interest on 400 days FD scheme while the bank gives 6.80 per cent, 7 per cent and 6.50 per cent interest rates on 1-year, 3-year and 5-year FDs.
PNB: Investment of Rs 5 lakh in FD
If you invest Rs 5 lakh in PNB FD for one year, your maturity amount will be Rs 5,34,877. Similarly, the maturity amount would be Rs 6,15,720 in three years and Rs 6,90,210 in five years.
Canara Bank FD interest rates
Canara Bank provides 7.25 per cent interest on 444 days FD scheme while the bank gives 6.85 per cent, 6.80 per cent and 6.70 per cent interest rates on 1-year, 3-year and 5-year FDs.
Maturity amount of Rs 5 lakh FD in Canara Bank
If you invest Rs 5 lakh in Canara Bank FD for one year, then your maturity amount will be Rs 5,35,140. Similarly, the maturity amount would be Rs 6,12,099 in three years and Rs 6,97,033 in five years.
BoB FD interest rates
Bank of Baroda provides 7.30 per cent interest on 400 days FD scheme while the bank gives 6.85 per cent, 7.15 per cent and 6.80 per cent interest rates on 1-year, 3-year and 5-year FDs.
Maturity amount of Rs 5 lakh FD in BoB
If you invest Rs 5 lakh in Bank of Baroda FD for one year, then your maturity amount will be around Rs 5,35,140. Similarly, the maturity amount will be around Rs 6,18,448 in three years and Rs 7,00,469 in five years.
HDFC FD interest rates
HDFC provides 7.40 per cent interest on 4 Year 7 Months (55 months) FD scheme while the bank gives 6.60 per cent, 7 per cent and 7 per cent interest rates on 1-year, 3-year and 5-year FDs.
Maturity amount of Rs 5 lakh FD in HDFC Bank
If you invest Rs 5 lakh in HDFC Bank FD for one year, then your maturity amount will be around Rs 5,33,826. Similarly, the maturity amount will be around Rs 6,15,720 in three years and Rs 7,07,389 in five years.
ICICI FD interest rates
ICICI provides 7.25 per cent interest on 15 months to 2 years FD scheme while the bank gives 6.70 per cent, 7 per cent and 7 per cent interest rates on 1-year, 3-year, and 5-year FDs.
Maturity amount of Rs 5 lakh FD in ICICI Bank
If you invest Rs 5 lakh in ICICI Bank FD for one year, your maturity amount will be around Rs 5,34,351. Similarly, the maturity amount will be around Rs 6,15,720 in three years and Rs 7,07,389 in five years.