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.  

ZeeBiz WebTeam | Feb 04, 2025, 02:30 PM IST

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)

 

 

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What is fixed deposit?

What is fixed deposit?

A fixed deposit (FD) is a low-risk investment where you deposit a lump sum with a bank or a small finance bank for a fixed tenure at a predetermined interest rate. It offers guaranteed returns and is ideal for investors with a low-risk appetite.

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Benefits of fixed deposit

Benefits of fixed deposit

- Fixed deposits offer an assured rate of return, and investors know what they will get in return.  
- Tax is not deducted on FD interest until it crosses the income tax cap, benefiting small depositors.  
- Fixed deposits can be easily liquidated online or through bank branches.  

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HDFC Bank vs SBI interest rate

HDFC Bank vs SBI interest rate

For a 5-year fixed deposit, HDFC Bank offers a 7 per cent interest rate, while SBI provides a 6.50 per cent rate for general citizens.

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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 SBI FD?


The total interest earned on an investment of Rs 3 lakh over a 5-year period would be approximately Rs 97,500, resulting in a monthly payout of approximately Rs 1,625.  

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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 3 lakh investment in HDFC Bank FD?

For a Rs 3 lakh investment in an HDFC FD, the total interest earned over 5 years would be approximately Rs 1,05,000, yielding a monthly payout of approximately Rs 1,750.  

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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 SBI FD?

For an investment of Rs 5 lakh, the total interest earned would be approximately Rs 1,62,500, which translates to a monthly payout of approximately Rs 2,708. 

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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 5 lakh investment in HDFC Bank FD?

On an investment of Rs 5 lakh, the total interest earned would be approximately Rs 1,75,000, which results in a monthly payout of approximately Rs 2,916.  

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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 SBI FD?

On a Rs 7 lakh investment, the total interest earned would amount to approximately Rs 2,27,500, providing a monthly payout of approximately Rs 3,791.  

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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 7 lakh investment in HDFC Bank FD?

For a Rs 7 lakh investment, the total interest earned would be approximately Rs 2,45,000, and the monthly payout would be approximately Rs 4,083.  

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

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


Investing Rs 9 lakh would generate approximately Rs 2,92,500 in interest, resulting in a monthly payout of approximately Rs 4,875.  

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

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

Investing Rs 9 lakh in HDFC would earn a total interest of approximately Rs 3,15,000, resulting in a monthly payout of approximately Rs 5,250.  

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