SBI 400-day FD vs PNB 400-day FD: Which can give higher return to general and senior citizens on Rs 9 lakh and Rs 18 lakh investments?
SBI 400-day FD vs PNB 400-day FD: Special fixed deposit (FD) schemes are for limited durations. Investors can invest a lump sum amount and withdraw at maturity. They often offer a higher interest rate than traditional FDs. State Bank of India (SBI) and Punjab National Bank (PNB) both have 400-day special FDs.
SBI 400-day FD vs PNB 400-day FD: Fixed deposit (FD) schemes provide guaranteed returns. Investors with a low-risk appetite and seeking fixed income from their investments invest in FDs. FDs have different durations and interest rates that may vary from bank to bank. Investors get return from FDs in the form of interest. They get this interest on the maturity of the FD. However, they can also opt for monthly, quarterly, half-yearly, or yearly withdrawals. Special FDs are no different. But banks issue them for a limited duration. They can extend the investment deadline depending on investor response. Banks often offer higher interest rates on special FDs than they offer in traditional FDs. State Bank of India (SBI) and Punjab National Bank (SBI) run 400-day special FD each. SBI's special FD is known as the Amrit Kalash scheme. Know about the interest rates that they are offering to general and senior citizens and what they will get on investments of Rs 9 lakh and Rs 18 lakh.
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