SBI 5-year FD vs HDFC Bank 5-year FD: How much monthly income you can get on Rs 3 lakh, Rs 5 lakh, Rs 7 lakh and Rs 9 lakh investments?
For a 5-year fixed deposit, HDFC Bank offers a 7 per cent interest rate, while SBI provides 6.50 per cent for general citizens.
SBI 5-year FD vs HDFC Bank 5-year FD: Fixed deposits (FDs) are a popular non-market-linked investment choice for those seeking guaranteed returns. Investors can deposit a lump sum and withdraw both interest and principal upon maturity. Depending on their needs and bank policies, they can opt for monthly, quarterly, half-yearly, or annual payouts. FD tenures range from 7 days to 10 years, with deposits of 5 years or more offering tax benefits under Section 80C of the Income Tax Act, 1961.
In this write-up, find out the estimated monthly payout offered by SBI and HDFC Bank on their 5-year FDs to general citizens.
Image: Pixabay, Freepik
(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
What is fixed deposit?

Benefits of fixed deposit

HDFC Bank vs SBI interest rate

How much monthly payout you can get on Rs 3 lakh investment in SBI FD?

How much monthly payout you can get on Rs 3 lakh investment in HDFC Bank FD?

How much monthly payout you can get on Rs 5 lakh investment in SBI FD?

How much monthly payout you can get on Rs 5 lakh investment in HDFC Bank FD?

How much monthly payout you can get on Rs 7 lakh investment in SBI FD?

How much monthly payout you can get on Rs 7 lakh investment in HDFC Bank FD?

How much monthly payout you can get on Rs 9 lakh investment in SBI FD?
