SBI 5-year FD vs Central Bank of India 5-year FD: Which can give higher monthly payouts to senior citizens on Rs 5,55,555, Rs 9,99,999 and Rs 12,12,121 investments?
SBI 5-year FD vs Central Bank of India 5-year FD: State Bank of India and Central Bank of India both run 5-year fixed deposit (FD) schemes for senior citizens at different interest rates. Both offer monthly payouts to senior citizens on one-time investments.
SBI 5-year FD vs Central Bank of India 5-year FD: Senior citizens use fixed interest investment schemes to get a regular monthly amount. A return from these investments helps them run their expenses in the retirement stage. This provides them mental peace and surety that their investments will take care of them during their retired life. That's the reason a lot of them invest in fixed deposit (FD) schemes. Banks offer higher interest rates to senior citizens in FDs and special FDs compared to what they offer to general citizens. State Bank of India (SBI) and Central Bank of India both offer a 5-year FD to senior citizens. Know more about senior citizen FDs, their payout structure, SBI and Central Bank of India 5-year FD interest rates, and what estimated monthly payouts can senior citizens get on Rs 5,55,555, Rs 9,99,999, and Rs 12,12,121 investments in both FDs.
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(Disclaimer: This is not investment advice. Do your own due diligence or consult an expert for financial planning.)
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