SBI 5-Year FD vs PNB 5-Year FD: What returns will general & senior citizens earn after 5 years on an investment of Rs 20 lakh?

Compare SBI and PNB 5-year fixed deposit returns for general and senior citizens on investments of Rs 20 lakh. Explore interest rates, tax-saving options, and NRI FD products.

ZeeBiz WebTeam | Nov 13, 2024, 09:27 PM IST
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SBI and PNB offer competitive 5-year fixed deposit interest rates for both general and senior citizens, with attractive returns on investments of Rs 20 lakh and Rs 30 lakh. While both banks provide similar interest rates, senior citizens enjoy higher returns. SBI also offers tax-saving FDs with special rates for general and senior citizens. Additionally, both banks provide fixed deposit products for NRI investors. In this article, we compare the returns and features of SBI and PNB fixed deposits.

 

 

 

1/12

​SBI Fixed Deposit Interest Rates

​SBI Fixed Deposit Interest Rates

General Public:

  • Interest Rates: 3.50% to 7.25% p.a.
2/12

Senior Citizens:

Senior Citizens:

Interest Rates: 4.00% to 7.75% p.a.

3/12

Tax Saving FD

Tax Saving FD

Interest Rates: 6.50% p.a. (general public) and 7.50% p.a. (senior citizens)

4/12

NRI Fixed Deposits

NRI Fixed Deposits

  • Available for NRO, NRE, RFC, and FCNR (B) accounts.
  • FCNR (B) deposits in USD, GBP, Euro, CAD, AUD, and JPY.

5/12

PNB Fixed Deposit Interest Rates

PNB Fixed Deposit Interest Rates

General Public:

  • Interest Rates: 3.50% to 7.25% p.a.
6/12

Senior Citizens

Senior Citizens

Interest Rates: 4.00% to 7.75% p.a.

7/12

Tax Saving FD

Tax Saving FD

Interest Rates: 6.35% to 6.50% p.a. (general public) and 6.85% to 7.00% p.a. (senior citizens)

8/12

NRI Fixed Deposits

NRI Fixed Deposits

  • Available for NRO, NRE, and FCNR (B) accounts.
  • FCNR (B) deposits in USD, GBP, Euro, CAD, JPY, and AUD.

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SBI 5-Year FD Returns

SBI 5-Year FD Returns

General Citizen (Interest Rate: 6.50% p.a.):

  • Invested Amount: Rs 20,00,000
  • Estimated Returns: Rs 7,60,840
  • Total Value After 5 Years: Rs 27,60,840
10/12

Senior Citizen (Interest Rate: 7.50% p.a.)

Senior Citizen (Interest Rate: 7.50% p.a.)

  • ​Invested Amount: Rs 20,00,000
  • Estimated Returns: Rs 8,99,896
  • Total Value After 5 Years: Rs 28,99,896

11/12

PNB 5-Year FD Returns

PNB 5-Year FD Returns

General Citizen (Interest Rate: 6.50% p.a.):

  • Invested Amount: Rs 20,00,000
  • Estimated Returns: Rs 7,60,840
  • Total Value After 5 Years: Rs 27,60,840

12/12

Senior Citizen (Interest Rate: 7.30% p.a.)

Senior Citizen (Interest Rate: 7.30% p.a.)

  • Invested Amount: Rs 20,00,000
  • Estimated Returns: Rs 8,71,563
  • Total Value After 5 Years: Rs 28,71,563

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