SBI 3-year FD vs Central Bank of India 1111-day FD: What will be maturity amounts on investments of Rs 4 lakh, Rs 9 lakh, and Rs 14 lakh investments? Know here
SBI 3-year FD vs Central Bank of India 1111-day FD: State Bank of India (SBI's) 3-year FD is regular FD, while Central Bank of India's 1111-day FD is a Green Deposit Super Cent special FD.
SBI 3-year FD vs Central Bank of India 1111-day FD: Fixed deposit is a non-market-linked, guaranteed return scheme where investors get interest on maturity on a one-time investment. They can also get it on a monthly, quarterly, half-yearly, or yearly basis. FDs come with callable and non-callable options having different interest rates. Special FDs are also FDs, but banks and small banks start them for limited durations. Depending on investor interest, they can extend the deadline to invest in them. The duration of special FDs can be from a few days to a few years. State Bank of India's 3-year FD is a regular FD, while Central Bank of India's 1111-day (Cent Green Deposit) is a special FD with investments in environment-related green projects. Both FDs have nearly similar durations. Know how much interest rates they are offering to general and senior citizens and what maturity amounts both of them will get on investments of Rs 4 lakh, Rs 9 lakh, and Rs 14 lakh.
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SBI 3-year FD: Interest rate for general citizens
The interest rate for general citizens is 6.75 per cent.
SBI 3-year FD: Interest rate for senior citizens
Senior citizens get a 7.25 per cent interest rate in the 3-year FD.
Central Bank of India 1111-day FD: Interest rate for general citizens
The PSU bank is offering 7.50 per cent to general citizens in the Cent Green Deposit FD.
Central Bank of India 1111-day FD: Interest rate for senior citizens
Senior citizens get an 8 per cent interest rate in the Cent Green Deposit FD.
SBI 3-year FD: Maturity for general citizens on Rs 4 lakh investment
The estimated interest will be Rs 88,957, and the estimated maturity will be Rs 88,957.
SBI 3-year FD: Maturity for general citizens on Rs 9 lakh investment
They will get an estimated interest of Rs 2,00,154 and an estimated maturity of Rs 11,00,154.
SBI 3-year FD: Maturity for general citizens on Rs 14 lakh investment
General citizens will get an estimated interest amount of Rs 3,11,350 and the estimated maturity of Rs 17,11,350.
SBI 3-year FD: Maturity for senior citizens on Rs 4 lakh investment
Senior citizens will get an estimated interest of Rs 96,219 and an estimated maturity of Rs 4,96,219.
SBI 3-year FD: Maturity for senior citizens on Rs 9 lakh investment
The estimated interest will be Rs 2,16,492, and the estimated maturity will be Rs 11,16,492.
SBI 3-year FD: Maturity for senior citizens on Rs 14 lakh investment
The estimated interest amount senior citizens will get will be Rs 3,36,766, and the estimated maturity will be Rs 17,36,766.
Central Bank of India 1111-day FD: Maturity for general citizens on Rs 4 lakh investment
The estimated interest they will get will be Rs 101,517.45, and the estimated maturity will be Rs 501,517.45.
Central Bank of India 1111-day FD: Maturity for general citizens on Rs 9 lakh investment
The estimated interest will be Rs 2,28,414.26, and the estimated maturity will be Rs 11,28,414.26.
Central Bank of India 1111-day FD: Maturity for general citizens on Rs 14 lakh investment
The estimated interest amount on this deposit will be Rs 3,55,311.08, and the estimated maturity will be Rs 17,55,311.08.
Central Bank of India 1111-day FD: Maturity for senior citizens on Rs 4 lakh investment
The estimated interest will be Rs 1,09,061.24, and the estimated maturity will be Rs 5,09,061.24.
Central Bank of India 1111-day FD: Maturity for senior citizens on Rs 9 lakh investment
Senior citizens will get an estimated interest of Rs 2,45,387.78, and the estimated maturity will be Rs 11,45,387.78.
Central Bank of India 1111-day FD: Maturity for senior citizens on Rs 14 lakh investment
They will get an estimated interest of Rs 3,81,714.33 and the estimated maturity of Rs 17,81,714.33.