SBI 5-Year FD vs PNB 5-Year FD: What will be your return on Rs 7,00,000 & Rs 13,00,000 investments?
Compare the 5-year Fixed Deposit returns of SBI and PNB on investments of Rs 7 lakh and Rs 13 lakh for general and senior citizens.
Fixed Deposits (FDs) are a popular investment option offering secure returns over a fixed tenure. This article breaks down the returns for general and senior citizens of SBI and PNB on investments of Rs 7 lakh and Rs 13 lakh.
What is a Fixed Deposit?
A fixed deposit (FD) is a term investment offered by banks that provides higher interest rates compared to regular savings accounts. The deposit is locked for a specific duration, ranging from 7 days to 10 years.
SBI 5-Year FD Interest Rates
- General Citizen: 6.25%
- Senior Citizen: 7.50%
SBI FD Returns on Rs 7 Lakh (General Citizen)
Invested Amount: Rs 7,00,000
Estimated Returns: Rs 2,54,477
Total Value After 5 Years: Rs 9,54,477
SBI FD Returns on Rs 7 Lakh (Senior Citizen)
Invested Amount: Rs 7,00,000
Estimated Returns: Rs 3,14,964
Total Value After 5 Years: Rs 10,14,964
SBI FD Returns on Rs 13 Lakh (General Citizen)
Invested Amount: Rs 13,00,000
Estimated Returns: Rs 4,72,601
Total Value After 5 Years: Rs 17,72,601
SBI FD Returns on Rs 13 Lakh (Senior Citizen)
Invested Amount: Rs 13,00,000
Estimated Returns: Rs 5,84,932
Total Value After 5 Years: Rs 18,84,932
PNB 5-Year FD Interest Rates
General Citizen: 6.50%
Senior Citizen: 7.30%
PNB FD Returns on Rs 7 Lakh (General Citizen)
Invested Amount: Rs 7,00,000
Estimated Returns: Rs 2,66,294
Total Value After 5 Years: Rs 9,66,294
PNB FD Returns on Rs 7 Lakh (Senior Citizen)
Invested Amount: Rs 7,00,000
Estimated Returns: Rs 3,05,047
Total Value After 5 Years: Rs 10,05,047
PNB FD Returns on Rs 13 Lakh (General and Senior Citizen)
General Citizen:
Invested Amount: Rs 13,00,000
Estimated Returns: Rs 4,94,546
Total Value: Rs 17,94,546
Senior Citizen:
Invested Amount: Rs 13,00,000
Estimated Returns: Rs 5,66,516
Total Value: Rs 18,66,516