SBI 444-day FD vs PNB 400-day FD: What will be maturity amounts on Rs 3 lakh and Rs 7 lakh investments for general and senior citizens?
Special fixed deposit (FD) schemes attract investors looking for higher returns than regular FDs. State Bank of India (SBI) provides its highest interest rate through the 444-day Amrit Vrishti Scheme, while Punjab National Bank (PNB) offers its best rate on a 400-day FD. Find out the returns these schemes can offer on Rs 3 lakh and Rs 7 lakh investments.
If you’re looking to invest a lump sum and earn guaranteed returns, fixed deposits (FDs) are a popular option. SBI’s 444-day FD and PNB's 400-day FD offer competitive interest rates to help your money grow. But how much will you earn on investments of Rs 3 lakh or Rs 7 lakh? The returns differ based on whether you’re a general citizen or a senior citizen, as banks offer higher rates for seniors. In this comparison, we will find out the maturity amounts for both schemes that will help you decide the best option to meet your financial goals.
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(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
What is fixed deposit?
Fixed Deposits (FDs) are a widely preferred investment choice for individuals looking for safe and secure returns. With FDs, your money grows steadily in the long run over a fixed period at a predetermined interest rate. FDs are easy to open and often provide higher interest rates for senior citizens. Whether you want to save for short-term needs or long-term goals, FDs are a popular way to grow your wealth.
What is SBI Amrit Vrishti 444 days FD?
State Bank of India (SBI) offers a special fixed deposit scheme for 444 days, designed to provide attractive returns on short-term investments. SBI offers competitive interest rates on this FD, with higher rates for senior citizens. The minimum deposit amount is generally Rs 1,000, and there is no upper limit.
What is PNB 400-day FD?
A PNB 400-day FD is a fixed deposit (FD) with a tenure of 400 days offered by Punjab National Bank (PNB). As of January 1, 2025, the interest rate for a PNB 400-day FD is 7.25% per annum.
SBI 444-day FD interest rate for general citizens
The interest rate is 7.25 per cent for general citizens.
SBI 444-day FD interest rate for senior citizens
The interest rate is 7.75 per cent for senior citizens.
PNB 400-day FD interest rate for general citizens
The interest rate is 7.25 per cent for general citizens
PNB 400-day FD interest rate for senior citizens
The interest rate is 7.75 per cent for senior citizens.
SBI 444-day FD: Maturity amount for general citizens on Rs 3 lakh investment
The estimated maturity amount will be Rs 3,27,400 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 27,400.
SBI 444-day FD: Maturity amount for senior citizens on Rs 3 lakh investment
The estimated maturity amount will be Rs 3,29,361 in a 444-day fixed deposit for senior citizens. The estimated return will be Rs 29,361.
SBI 444-day FD: Maturity amount for general citizens on Rs 7 lakh investment
The estimated maturity amount will be Rs 7,63,934 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 63,934.
SBI 444-day FD: Maturity amount for senior citizens on Rs 7 lakh investment
The estimated maturity amount will be Rs 7,68,509 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 68,509.
PNB 400-day FD: Maturity amount for general citizens on Rs 3 lakh investment
The estimated maturity amount will be Rs 3,24,577 in a 400-day fixed deposit for general citizens. The estimated return will be Rs 24,577.
PNB 400-day FD: Maturity amount for senior citizens on Rs 3 lakh investment
The estimated maturity amount will be Rs 3,26,327 in a 400-day fixed deposit for general citizens. The estimated return will be Rs 26,327.
PNB 400-day FD: Maturity amount for general citizens on Rs 7 lakh investment
The estimated maturity amount will be Rs 7,57,346 in a 400-day fixed deposit for general citizens. The estimated return will be Rs 57,346.
PNB 400-day FD: Maturity amount for senior citizens on Rs 7 lakh investment
The estimated maturity amount will be Rs 7,61,430 in a 400-day fixed deposit for senior citizens. The estimated return will be Rs 61,430.