SBI Senior Citizen FD vs SBI Senior Citizen RD: Which guaranteed return scheme can provide higher maturity on Rs 9 lakh investment for 3 years; know here
SBI Senior Citizen FD vs SBI Senior Citizen RD Calculator: Investors make one-time investment in a fixed deposit (FD) scheme, while in a recurring deposit (RD) scheme, the investment is done on a monthly basis. Both schemes are non-market-linked and provide guaranteed return.
SBI Senior Citizen FD vs SBI Senior Citizen RD: Fixed deposit (FD) and recurring deposit (RD) are two guaranteed return investment schemes with different styles of investment. In an FD, investors make a lump sum investment and get return in the form of interest. In RD, the investment is monthly, and investors get the maturity amount on the competition of the scheme. Senior citizens with a low-risk appetite and the requirement of monthly income post-retirement opt for FD and RD. State Bank of India (SBI) like many other banks, offers FD and RD. In this write-up, know more about SBI Senior Citizen 3-year FD and 3-year RD and which of the two will give higher returns on Rs 9 lakh investment.
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