PNB Palaash Green Deposit 1204 Days FD vs SBI Green Deposit 1111 Days FD: What will be maturity amounts for general and senior citizens on Rs 5 lakh and Rs 9 lakh investments
PNB Palaash Green Deposit 1204 Days FD vs SBI Green Deposit 1111 Days FD: Special fixed deposit (FD) schemes are for a limited period and often offer higher interest rates to investors than banks' traditional FDs. Punjab National Bank runs the PNB Palaash Green Deposit 1204 Days special FD, while State Bank of India (SBI) runs the SBI Green Deposit 1111 Days special FD.
PNB Palaash Green Deposit 1204 Days FD vs SBI Green Deposit 1111 Days FD: Banks offer traditional fixed deposit (FD) schemes and special FDs. Banks start special FDs for a limited period. Based on the investor response, they extend the investment deadline. The standout character of special FDs is that they often offer higher interest rates than the bank's traditional FDs. Special FDs are non-callable, where investors can withdraw their invested amount only on maturity. Punjab National Bank runs PNB Palaash Green Deposit 1204 Days special FD, while State Bank of India (SBI) runs SBI Green Deposit 1111 Days special FD. In this write-up, know about both these FDs and also know the estimated maturity amounts on Rs 5 lakh and Rs 9 lakh investments for general and senior citizens.
Photos: Unsplash/Pixabay
PNB Palaash Green Deposit 1204 Days Special FD: Interest rate for general citizens
The interest rate for general citizens is 6.45 per cent.
PNB Palaash Green Deposit 1204 Days Special FD: Interest rate for senior citizens
The interest rate for senior citizens is 6.95 per cent.
SBI Green Deposit 1111 Days Special FD: Interest rate for general citizens
The interest rate for general citizens in FD is 6.65 per cent.
SBI Green Deposit 1111 Days Special FD: Interest rate for senior citizens
Senior citizens get 7.15 per cent interest rate in the special FD.
SBI Green Deposit 1111 Days Special FD: Maturity amount for general citizens on Rs 5 lakh investment
The estimated interest on a Rs 5 lakh investment will be Rs 1,11,160.13, and the estimated maturity will be Rs 6,11,160.13.
SBI Green Deposit 1111 Days Special FD: Maturity amount for senior citizens on Rs 5 lakh investment
Senior citizens will get estimated interest of Rs 1,20,372.50, and the estimated maturity of Rs 6,20,372.50, on a Rs 5 lakh investment.
PNB Palaash Green Deposit 1204 Days Special FD: Maturity amount for general citizens on Rs 5 lakh investment
The estimated interest will be Rs 1,17,495.99 and the estimated maturity on this investment will be Rs 6,17,495.99.
PNB Palaash Green Deposit 1204 Days Special FD: Maturity amount for senior citizens on Rs 5 lakh investment
The estimated interest will be Rs 1,27,594.35, and the estimated maturity amount will be Rs 6,27,594.35.
SBI Green Deposit 1111 Days Special FD: Maturity amount for general citizens on Rs 9 lakh investment
The estimated interest will be Rs 2,00,088.24, and the estimated maturity will be Rs 11,00,088.24.
SBI Green Deposit 1111 Days Special FD: Maturity amount for senior citizens on Rs 9 lakh investment
On a Rs 9 lakh investment, senior citizens will get estimated Rs 2,16,670.51 in interest and estimated Rs 11,16,670.51 in maturity.
PNB Palaash Green Deposit 1204 Days Special FD: Maturity amount for general citizens on Rs 9 lakh investment
The estimated return on it will be Rs 2,11,492.78, and the estimated maturity will be Rs 11,11,492.78.
PNB Palaash Green Deposit 1204 Days Special FD: Maturity amount for senior citizens on Rs 9 lakh investment
The estimated interest on this investment will be Rs 2,29,669.83, and the estimated maturity will be Rs 11,29,669.83.