Highest FD rates: Here's what SBI, PNB, Canara Bank and other banks are giving on Rs 5 lakh investment in 1-year, 3-year and 5-year investments
Bank FD (fixed deposit) rates vary from bank to bank. Most banks provide higher interest rates to senior citizens than general citizens. In FDs, you deposit a lump sum amount for a fixed period. However, you can withdraw the fixed deposit amount prematurely or upon maturity. This article will discuss how much interest rates banks like SBI, PNB, BoB, HDFC Bank, ICICI Bank, and Canara Bank are providing on different investments.
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SBI FD interest rates
State Bank of India (SBI) provides 7.25 per cent interest on 444 days - Amrit Vrishti FD scheme to general citizens while the bank gives 6.80 per cent, 6.75 per cent and 6.50 per cent interest rates on 1-year, 3-year and 5-year FDs.
Rs 5 lakh investment in SBI FD
If you invest Rs 5 lakh in SBI FD for one year, your maturity amount will be Rs 5,34,877. Similarly, the maturity amount will be around 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, then your maturity amount will be Rs 5,34,877. Similarly, the maturity amount will be around 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, your maturity amount will be Rs 5,35,140. Similarly, the maturity amount will be around 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.