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.

ZeeBiz WebTeam | Nov 14, 2024, 05:11 PM IST

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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SBI 400-day Amrit Kalash Special FD: Interest rate for general citizens 

SBI 400-day Amrit Kalash Special FD: Interest rate for general citizens 

The interest rate for general citizens is 7.10 per cent.

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SBI 400-day Amrit Kalash Special FD: Interest rate for senior citizens

SBI 400-day Amrit Kalash Special FD: Interest rate for senior citizens

Senior citizens will get an interest rate of 7.60 per cent.

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PNB 400-day Special FD: Interest rate for general citizens

PNB 400-day Special FD: Interest rate for general citizens

The PSU bank is offering a 7.25 per cent interest rate.

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PNB 400-day Special FD: Interest rate for general citizens

PNB 400-day Special FD: Interest rate for general citizens

The interest rate for senior citizens in the special FD is 7.75 per cent. 

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SBI 400-day Amrit Kalash Special FD: Interest on Rs 9 lakh investment for general citizens

SBI 400-day Amrit Kalash Special FD: Interest on Rs 9 lakh investment for general citizens

The estimated interest on a Rs 9 lakh investment will be Rs 72,160.10, and the estimated maturity amount will be Rs 9,72,160.10.

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SBI 400-day Amrit Kalash Special FD: Interest on Rs 18 lakh investment for general citizens

SBI 400-day Amrit Kalash Special FD: Interest on Rs 18 lakh investment for general citizens

They will get estimated Rs 14,4320.19 in interest and estimated Rs 19,44,320.19 in maturity.

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SBI 400-day Amrit Kalash Special FD: Interest on Rs 9 lakh investment for senior citizens

SBI 400-day Amrit Kalash Special FD: Interest on Rs 9 lakh investment for senior citizens

The estimated interest on a Rs 9 lakh investment will be Rs 77,404.98, and the estimated maturity will be Rs 9,77,404.98.

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SBI 400-day Amrit Kalash Special FD: Interest on Rs 18 lakh investment for senior citizens

SBI 400-day Amrit Kalash Special FD: Interest on Rs 18 lakh investment for senior citizens

Senior citizens will get estimated Rs 1,54,809.97 in interest and estimated Rs 19,54,809.97 in maturity.

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PNB 400-day Amrit Kalash Special FD: Interest on Rs 9 lakh investment for general citizens

PNB 400-day Amrit Kalash Special FD: Interest on Rs 9 lakh investment for general citizens

The estimated interest on a Rs 9 lakh investment will be Rs 73,731.28, while the estimated maturity will be Rs 9,73,731.28.

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PNB 400-day Amrit Kalash Special FD: Interest on Rs 18 lakh investment for general citizens

PNB 400-day Amrit Kalash Special FD: Interest on Rs 18 lakh investment for general citizens

On investing Rs 18 lakh, general citizens will get Rs 1,47,462.55 in interest and estimated Rs 19,47,462.55 in maturity.

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PNB 400-day Amrit Kalash Special FD: Interest on Rs 9 lakh investment for senior citizens

PNB 400-day Amrit Kalash Special FD: Interest on Rs 9 lakh investment for senior citizens

Senior citizens will get estimated Rs 78,982.70 in interest and estimated Rs 9,78,982.70 in maturity on investing Rs 9 lakh.

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PNB 400-day Amrit Kalash Special FD: Interest on Rs 18 lakh investment for senior citizens

PNB 400-day Amrit Kalash Special FD: Interest on Rs 18 lakh investment for senior citizens

Senior citizens will get estimated Rs 1,57,965.40 in interest and estimated Rs 19,57,965.40 in maturity.

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