SBI 3-year FD vs PNB 3-year FD vs BoB 3-year FD: What will general and senior citizens get on Rs 6 lakh investment
A 3-year fixed deposit (FD) can be a good option for investors who don’t want return immediately, but want it in the short term only. Or, a guaranteed option that can help them get monthly income for 3 years if they opt for it. Thus, before investing individuals must compare interest rates offered by different banks and small banks. In this context, we will compare a 3-year FD of State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda (BoB) to find out what general and senior citizens will get after investing Rs 6 lakh in each FD.
A fixed deposit (FD) is a popular fixed return investment option for general and senior citizens. FDs can have a variety of tenure, from as short as 7 days to as long as 10 years. The interest you receive on FD depends on the amount you invest and the length of the deposit. Individuals can choose to receive their interest payments monthly, quarterly, half-yearly, or yearly, or on maturity of the FD.
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(Disclaimer: Our calculations are projections and not investment advice. Do you own due diligence or consult an expert for financial planning)
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 6 lakh investment
The estimated maturity amount will be Rs 7,33,436 in a 3-year fixed deposit for general citizens. The estimated return will be Rs 1,33,436.
SBI 3-year FD: Maturity amount for senior citizens on Rs 6 lakh investment
The estimated maturity amount will be Rs 7,44,328 in a 3-year fixed deposit for senior citizens. The estimated return will be Rs 1,44,328.
PNB 3-year FD: Maturity amount for general citizens on Rs 6 lakh investment
The estimated maturity amount will be Rs 7,38,864 and the estimated return will be Rs 1,38,864.
PNB 3-year FD: Maturity amount for senior citizens on Rs 6 lakh investment
The estimated maturity amount will be Rs 7,49,830 and the estimated return will be Rs 1,49,830.
Bank of Baroda 3-year FD: Maturity amount for general citizens on Rs 6 lakh investment
The estimated maturity amount will be Rs 7,42,138 and the estimated return will be Rs 1,42,138.
Bank of Baroda 3-year FD: Maturity amount for senior citizens on Rs 6 lakh investment
The estimated maturity amount will be Rs 7,53,149 and the estimated return will be Rs 1,53,149.