SBI 3-year FD vs PNB 3-year FD vs BoB 3-year FD: What will general and senior citizens get on Rs 8 lakh investment?
A 3-year Fixed Deposit (FD) can be a choice for people who don’t need immediate returns but want them within a few years. It also offers an option for monthly income for 3 years if selected. Before investing, it’s important to compare interest rates banks offer, including smaller ones. Here, we’ll compare the interest rates of 3-year FDs from State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda (BoB) to see how much Rs 8 lakh will grow for both regular investors and senior citizens.
A Fixed Deposit (FD) is a common investment option that gives guaranteed returns and is popular among both regular investors and senior citizens. FDs can be for different periods, ranging from 7 days to 10 years. The interest you earn depends on how much money you invest and for how long. You can choose to get the interest every month, quarterly, half-yearly, annually, or all at once when the FD ends.
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(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
Read more: SBI 5-Year FD vs PNB 5-Year FD: What will be your return on Rs 7,00,000 & Rs 13,00,000 investments?
SBI 3-year general citizen FD interest rate
The interest rate is 6.75 per cent for general citizens.
SBI 3-year senior citizen FD interest rate
The interest rate is 7.25 per cent for senior citizens.
PNB 3-year general citizen fixed deposit rate
The bank offers a 7 per cent interest rate to general citizens in its 3-year FD.
PNB 3-year senior citizen FD interest rate
Punjab National Bank is offering a 7.50 per cent interest rate to senior citizens in its 3-year FD.
Bank of Baroda 3-year general citizen FD interest rate
The interest rate is 7.15 per cent for general citizens.
Bank of Baroda 3-year senior citizen FD interest rate
The interest rate is 7.65 per cent for senior citizens.
SBI 3-year FD: Maturity amount for general citizens on Rs 8 lakh investment
The estimated maturity amount will be Rs 9,77,914 in a 3-year fixed deposit for general citizens. The estimated return will be Rs 1,77,914.
SBI 3-year FD: Maturity amount for senior citizens on Rs 8 lakh investment
The estimated maturity amount will be Rs 9,92,438 in a 3-year fixed deposit for senior citizens. The estimated return will be Rs 1,92,438.
PNB 3-year FD: Maturity amount for general citizens on Rs 8 lakh investment
The estimated maturity amount will be Rs 9,85,151 and the estimated return will be Rs 1,85,151.
PNB 3-year FD: Maturity amount for senior citizens on Rs 8 lakh investment
The estimated maturity amount will be Rs 9,99,773 and the estimated return will be Rs 1,99,773.
Bank of Baroda 3-year FD: Maturity amount for general citizens on Rs 8 lakh investment
The estimated maturity amount will be Rs 9,89,517 and the estimated return will be Rs 1,42,138.
Bank of Baroda 3-year FD: Maturity amount for senior citizens on Rs 8 lakh investment
The estimated maturity amount will be Rs 10,04,198 and the estimated return will be Rs 1,53,149.