SBI Senior Citizen 3-year FD vs Post Office 3-year FD: Which will give higher returns on investments of Rs 1 lakh, Rs 2 lakh, Rs 3 lakh and Rs 4 lakh
An FD is an investment scheme in which you can invest a lumpsum amount for a fixed period. The interest is fixed on the fixed deposits (FDs).
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Post offices and banks FD rates
Post offices and banks provide different interest rates on FDs.
Senior citizens vs general citizens FD interest rates
Moreover, senior citizens usually get higher interest rate than general citizens.
SBI vs Post Office FD rate
In this article, we will discuss what SBI and Post Office offer to senior citizens on fixed deposits.
SBI FD rate for senior citizens for 1-yr and 3-yr
The State Bank of India (SBI) offers a 7.30 per cent interest rate on 1 Year FD while providing a 7.25 per cent FD interest rate on 3 years FD scheme.
SBI 5-year FD scheme
To senior citizens, SBI gives a 7.50 per cent interest rate annually.
Post Office FD rate for senior citizens- 3-yr scheme
The post office provides 7.1 per cent interest rate on FD to senior citizens on a year's FD scheme, according to the Post Office official website.
What SBI will give on Rs 1 lakh investment in 3 years
SBI will give Rs 24,055 interest on Rs 1 lakh investment in three years. The maturity amount will be approx. Rs 1,24,055 at a 7.25 per cent interest rate.
What Post Office will give on Rs 1 lakh investment in 3 years
The Post Office will give Rs 23,508 interest on Rs 1 lakh investment in three years. The maturity amount will be approx. Rs 1,23,508 at a 7.1 per cent interest rate.
What SBI will give on Rs 2 lakh investment in 3 years
SBI will give Rs 48,109 interest on Rs 2 lakh investment in three years. The maturity amount will be approx. Rs 2,48,109 at a 7.25 per cent interest rate.
What Post Office will give on Rs 2 lakh investment in 3 years
The Post Office will give Rs 47,015 interest on Rs 2 lakh investment in three years. The maturity amount will be approx. Rs 2,47,015 at a 7.1 per cent interest rate.
What SBI will give on Rs 3 lakh investment in 3 years
SBI will give Rs 72,164 interest on Rs 3 lakh investment in three years. The maturity amount will be approx. Rs 3,72,164 at a 7.25 per cent interest rate.
What Post Office will give on Rs 3 lakh investment in 3 years
The Post Office will give Rs 70,523 interest on Rs 3 lakh investment in three years. The maturity amount will be approx. Rs 3,70,523 at a 7.1 per cent interest rate.
What SBI will give on Rs 4 lakh investment in 3 years
SBI will give Rs 96,219 interest on Rs 4 lakh investment in three years. The maturity amount will be approx. Rs 4,96,219 at a 7.25 per cent interest rate.
What Post Office will give on Rs 4 lakh investment in 3 years
The Post Office will give Rs 94,030 interest on Rs 3 lakh investment in three years. The maturity amount will be approx. Rs 4,94,030 at a 7.1 per cent interest rate.