Navratri Special Investment Ideas: What Rs 11,000, Rs 21,000, Rs 51,000, and Rs 1,01,000 investments can bring in 1-year FDs from SBI, HDFC Bank, PNB, ICICI Bank and Canara Bank
Navratri Special Investment Ideas: People can invest in marked-linked and non-market-linked schemes. They can invest for the short or the long term. They can choose online or offline investment mode. But the important thing is to invest with the aim of growing wealth.
Navratri Special FD Ideas: The festival of Navratri began today (Thursday, October 3, 2024). The 10-day festival will culminate with Dussehra. During festivities, it is considered auspicious to make investments. People can invest in marked-linked and non-market-linked schemes. They can invest for the short or the long term. They can choose online or offline investment mode. But the important thing is to invest with the aim of growing wealth. In a modern world, there can be umpteen ideas to grow wealth. One of the popular ideas where wealth can grow steadily and that provides guaranteed return is fixed deposit (FD). In an FD, investors make a one-time investment and get return in the form of interest on maturity. They can also choose monthly, quarterly, half-yearly, or yearly withdrawal options. In today's Navratri Investment Special, we will discuss how much maturity you can get in the 1-year FD of leading banks such as SBI, PNB, Canara Bank, HDFC Bank, and ICICI Bank if you invest Rs 11,000, Rs 21,000, Rs 51,000, or Rs 1,01,000. (FD Interest Rate Data Source: Paisabazaar.com)
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Maturity on Rs 11,000 investment in 1-year FD of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank
State Bank of India offers a 6.80 per cent interest rate in the 1-year FD, so the estimated interest on a Rs 11,000 investment will be Rs 767 and the estimated maturity amount will be Rs 11,767.
Punjab National Bank also offers a 6.80 per cent interest rate in the FD, so the estimated interest on a Rs 11,000 investment in its FD will be Rs 767 and the estimated maturity will be Rs 11,767.
Maturity on Rs 11,000 investment in 1-year FD of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank
Canara Bank's interest rate for the 1-year FD is 6.85 per cent. On a Rs 11,000 investment, it will give an estimated interest of Rs 773 and an estimated maturity of Rs 11,773.
HDFC Bank is offering a 6.60 per cent interest rate in the 1-year FD; the estimated return on a Rs 11,000 investment will be Rs 744; and the estimated maturity will be Rs 11,744.
Maturity on Rs 11,000 investment in 1-year FD of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank
The interest rate in ICICI Bank's 1-year FD is 6.70 per cent, so the estimated interest will be Rs 756 and the estimated maturity amount will be Rs 11,756.
Maturity on Rs 21,000 investment in 1-year FD of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank
On a Rs 21,000 investment, SBI will give an estimated interest amount of Rs 1,465 and the estimated maturity of Rs 22,465.
PNB will also give estimated Rs 1,465 in interest and estimated Rs 22,465 in maturity.
Maturity on Rs 21,000 investment in 1-year FD of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank
In Canara Bank, the estimated interest on a Rs 21,000 investment will be Rs 1,476 and the estimated maturity will be Rs 22,476.
HDFC Bank's estimated interest for a Rs 21,000 investment will be Rs 1,421 and the estimated maturity will be Rs 22,421.
Maturity on Rs 21,000 investment in 1-year FD of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank
The estimated interest amount in ICICI's 1-year FD for a Rs 21,000 investment will be Rs 1,443, and the estimated amount will be Rs 22,443.
Maturity on Rs 51,000 investment in 1-year FD of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank
On a Rs 51,000 investment, SBI will give an estimated interest of Rs 3,557 and an estimated maturity of Rs 54,557.
PNB will also give estimated Rs 3,557 in interest and estimated Rs 54,557 in maturity.
Maturity on Rs 51,000 investment in 1-year FD of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank
In Canara Bank, the estimated interest on a Rs 51,000 investment will be Rs 3,584 and the estimated maturity will be Rs 54,584.
HDFC Bank's estimated interest for a Rs 51,000 investment will be Rs 3,450, and the estimated maturity will be Rs 54,450.
Maturity on Rs 51,000 investment in 1-year FD of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank
The estimated interest amount in ICICI's 1-year FD for a Rs 51,000 investment will be Rs 3,504, and the estimated amount will be Rs 54,504.
Maturity on Rs 1,01,000 investment in 1-year FD of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank
On a Rs 1,01,000 investment, SBI will give an estimated interest of Rs 7,045 and an estimated maturity of Rs 1,08,045.
PNB will also give estimated Rs 7,045 in interest and estimated Rs 1,08,045 in maturity.
Maturity on Rs 1,01,000 investment in 1-year FD of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank
In Canara Bank, the estimated interest on a Rs 1,01,000 investment will be Rs 7,098 and the estimated maturity will be Rs 1,08,098.
HDFC Bank's estimated interest for a Rs 1,01,000 investment will be Rs 6,833 and the estimated maturity will be Rs 1,07,833.
Maturity on Rs 1,01,000 investment in 1-year FD of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank
The estimated interest amount in ICICI's 1-year FD for a Rs 1,01,000 investment will be Rs 6,939, and the estimated amount will be Rs 1,07,939.