SBI 400-day Special FD vs PNB 400-day Special FD: Which will provide higher return to senior citizens on Rs 6 lakh, 12 lakh, and Rs 18 lakh investments
SBI Amrit Kalash 400-day FD vs PNB 400-day FD: Banks offer special fixed deposit (FD) schemes for a limited period. State Bank of India (SBI) offers Amrit Kalash 400-day special FD to general and senior citizens, while Punjab National Bank (PNB) also offers a 400-day special FD to both.
SBI Amrit Kalash 400-day Special FD vs PNB 400-day Special FD: SBI Amrit Kalash and PNB 400-day fixed deposits (FDs) are special FD schemes where investors can invest money for a fixed period of 400 days and get it back along with return on maturity. Investors who opt for investing in non-market-linked schemes, where they can have minimum risk with their money, pick FDs for investment. In this write-up, know how much interest rate, SBI Amrit Kalash and PNB 400-day FDs are offering to general and senior citizens. Also know, how much return senior citizens will get in either scheme on investments of Rs 6 lakh, Rs 12 lakh, and Rs 18 lakh, respectively.
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SBI Amrit Kalash: FD interest rate for general citizens
State Bank of India is offering a 7.10 per cent interest rate to general citizens in the special FD scheme.
SBI Amrit Kalash: FD interest rate for senior citizens
The interest rate for senior citizens in the special FD is 7.60 per cent.
PNB 400-day Special FD: Interest rate for general citizens
Punjab National Bank offers 7.25 per cent interest rate to general citizens in the 400-day special FD.
PNB 400-day Special FD: Interest rate for senior citizens
Punjab National Bank offers a 7.75 per cent interest rate to senior citizens in the guaranteed return scheme.
SBI Amrit Kalash FD: Maturity on Rs 6 lakh investment
Senior citizens will get estimated Rs 51,603.32 in interest and estimated Rs 6,51,603.32 in maturity.
SBI Amrit Kalash FD: Maturity on Rs 12 lakh investment
The investment will help senior citizens get an estimated interest of Rs 1,03,206.64 and the estimated maturity amount of Rs 13,03,206.64.
SBI Amrit Kalash FD: Maturity on Rs 18 lakh investment
A Rs 18 lakh investment will provide senior citizens with estimated Rs 1,54,809.97 in interest and estimated Rs 19,54,809.97 in maturity.
PNB 400-day Special FD: Maturity on Rs 6 lakh investment
The lender provides an estimated Rs 52,655.13 in interest and estimated Rs 6,52,655.13 in maturity to senior citizens.
PNB 400-day Special FD: Maturity on Rs 12 lakh investment
On a Rs 12 lakh investment, senior citizens will get estimated Rs 1,05,310.27 in interest and estimated Rs 13,05,310.27 in maturity in the fixed deposit scheme.
PNB 400-day Special FD: Maturity on Rs 18 lakh investment
Punjab National Bank will provide an estimated Rs 1,57,965.40 in interest and estimated Rs 19,57,965.40 in maturity in the special FD scheme.