Know Your FD Rate: SBI, PNB, Bank of Baroda, Canara Bank, HDFC Bank & more; find out your returns on Rs 5 lakh investment over 5 years
Compare FD rates from SBI, PNB, HDFC Bank, Canara Bank, and more. Learn how a ₹5 lakh investment can grow over 5 years with the latest fixed deposit interest rates.
Looking to invest in a fixed deposit? Get the latest FD rates from leading banks like SBI, PNB, HDFC Bank, Canara Bank, and more. Fixed deposits offer stable returns, making them a popular choice for both general citizens and senior citizens. Discover how much you can earn on an investment of Rs 5 lakh over a 5-year period. Compare interest rates and choose the best option to maximize your savings with reliable returns from top banks in India.
State Bank of India (SBI)
Gereral citizen:
Interest Rate: 7.75%
Tenure: 444 days
Senior Citizen:
7.60% for 400 day
HDFC Bank
Gereral citizen:
Interest Rate: 7.9%
Tenure: 4 Years 7 Months (55 months)
Senior Citizen:
7.9 for 4 years 7 months
Axis Bank
Gereral citizen:
Interest Rate: 7.75%
Tenure: 5 years to 10 years
Senior Citizen:
7.75 for 5 years to 10 years
Punjab National Bank (PNB)
Gereral citizen:
Interest Rate: 7.75%
Tenure: 400 days
Senior Citizen:
7.75% for 400 days
Bank of India (BOI)
Gereral citizen:
Interest Rate: 7.8%
Tenure: 666 days
Senior Citizen:
7.75 for 333 days
ICICI Bank
Gereral citizen:
Interest Rate: 7.8%
Tenure: 15 months to less than 18 months
Senior Citizen:
7.75% for 15 months to 2 years
Canara Bank
Gereral citizen:
Interest Rate: 7.75%
Tenure: 444 days
Senior Citizen:
7.75% for 444 days
Bank of Baroda (BOB)
Gereral citizen:
Interest Rate: 7.75%
Tenure: 399 days
Senior Citizen:
7.75% for above 2 years to 3 years
For general citizens: Your returns on Rs 5 lakh investment over 5 years
Invested amount: Rs 5,00,000
Estimated returns: Rs 2,39,340
Total value: Rs 7,39,340
For senior citizens: What you can get after 5 years if you invest Rs 5 lakh
Invested amount: Rs 5,00,000
Estimated returns: Rs 2,61,397
Total value: Rs 7,61,397
Minimum and maximum investment amount
The minimum deposit amount required to be invested in a senior citizen FD varies from bank to bank.
Tenure
It usually ranges from 7 days and a maximum of 10 years. You can choose the tenure within this range according to your needs.
Premature withdrawals
FDs normally provide the facility of premature withdrawal which can act as an emergency fund. However, banks levy a penalty on premature withdrawal of FD which differs from bank to bank.
Loan against FD
FD can be used as collateral to obtain a loan. The maximum loan sanctioned depends on the principal amount.
Nomination facility
While opening an FD, you must mention the nominee so that those dependent on you don’t face any difficulties while claiming the money. The depositor needs to fill a separate form while giving nomination, known as Form DA1.
Automatic renewals
Banks also offer the facility of automatic renewals at the time of maturity if no instructions are mentioned at the time of opening of the account. The tenure will be the same as the existing FD account.