SBI vs Union Bank of India FD Rates: Which can offer higher returns on Rs 3 lakh and 6 lakh investments?

Compare SBI and Union Bank of India 3-year FD rates for both general and senior citizens to determine which investment offers higher returns on Rs 3 lakh and Rs 6 lakh deposits.

ZeeBiz WebTeam | Sep 30, 2024, 02:36 PM IST
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Fixed deposits (FDs) are a popular choice for safe investments, offering guaranteed returns. In this article, we compare the 3-year FD rates of SBI and Union Bank of India to determine which bank provides better returns on Rs 3 lakh and Rs 6 lakh investments. We analyse the interest rates for both general and senior citizens, helping you make an informed decision about where to invest your money to maximise returns and secure a profitable future.

1/10

SBI: 3-Year FD Interest Rates

SBI: 3-Year FD Interest Rates

  • General Citizen: 6.75%

  • Senior Citizen: 7.25%

2/10

Returns on Rs 3 Lakh Investment

Returns on Rs 3 Lakh Investment

General Citizen

  • Invested Amount: Rs 3,00,000
  • Estimated Interest: Rs 66,718
  • Total Value: Rs 3,66,718

3/10

For Senior Citizen

For Senior Citizen

  • Invested Amount: Rs 3,00,000
  • Estimated Interest: Rs 72,164
  • Total Value: Rs 3,72,164

4/10

Returns on Rs 6 Lakh Investment

Returns on Rs 6 Lakh Investment

General Citizen

  • Invested Amount: Rs 6,00,000
  • Estimated Interest: Rs 1,33,436
  • Total Value: Rs 7,33,436

5/10

Returns on Rs 6 Lakh Investment

Returns on Rs 6 Lakh Investment

Senior Citizen

  • Invested Amount: Rs 6,00,000
  • Estimated Interest: Rs 1,44,328
  • Total Value: Rs 7,44,328

6/10

Union Bank of India: 3-Year FD Interest Rates

Union Bank of India: 3-Year FD Interest Rates

  • General Citizen: 6.7%

  • Senior Citizen: 7.2%

7/10

Returns on Rs 3 Lakh Investment

Returns on Rs 3 Lakh Investment

General Citizen

  • Invested amount: 3,00,000
  • Estimated amount: 66,177
  • Total value: 3,66,177

8/10

For Senior citizen

For Senior citizen

  • Invested amount: 3,00,000
  • Estimated amount: 71,616
  • Total value: 3,71,616

9/10

Returns on Rs 6 Lakh Investment

Returns on Rs 6 Lakh Investment

General Citizen

  • Invested Amount: 6,00,000
  • Estimated Interest: Rs 1,32,355
  • Total Value: Rs 7,32,355

 

10/10

For Senior Citizen

For Senior Citizen

  • Invested Amount: Rs 6,00,000
  • Estimated Interest: Rs 1,43,232
  • Total Value: Rs 7,43,232

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