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FD Rates For Rs 1 Lakh Investment: Compare SBI, PNB, HDFC, ICICI, and Post Office 3-year fixed deposit returns
- Written by Priya Vishwakarma
Published: Zee Business| Updated: Zee Business
Latest FD Interest Rates: A fixed deposit (FD) is a type of investment offered by banks and non-banking financial companies (NBFCs), where individuals invest a lump sum amount for a specific period. It is important to note that interest rates can vary from one bank to another, though they are generally higher than those offered on savings accounts.
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Know Your FD Rates
1/11In this write-up, we will use calculations to show the interest rates offered by top banks like SBI, ICICI Bank, HDFC Bank, and others, for both general customers and senior citizens for 3-year tenure and the maturity amounts one can expect from an investment of Rs 1 lakh.
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SBI Interest Rates on 3-year FDs
2/11For general customers - 6.75 per cent For senior citizens - 7.25 per cent
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SBI FD Interest Rates: Example for Rs 1 lakh lump sum investment
3/11If you invest Rs 1 lakh as a lump sum in SBI's FD for 3 years then according to the calculations - As a general customer, you will receive Rs 1,22,239. - As a senior citizen, you will receive Rs 1,24,055.
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PNB Interest Rates on 3-year FDs
4/11For general customers - 7 per cent For senior citizens - 7.50 per cent
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PNB FD Interest Rates: Example for Rs 1 lakh lump sum investment
5/11If you invest Rs 1 lakh as a lump sum in PNB's FD for 3 years then according to the calculations - As a general customer, you will receive Rs 1,23,144. - As a senior citizen, you will receive Rs 1,24,972.
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HDFC Bank Interest Rates on 3-year FDs
6/11For general customers - 7 per cent For senior citizens - 7.50 per cent These rates are also applicable on 5-year FDs.
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HDFC Bank FD Interest Rates: Example for Rs 1 lakh lump sum investment
7/11If you invest Rs 1 lakh as a lump sum in HDFC's FD for 3 years then according to the calculations - As a general customer, you will receive Rs 1,23,144. - As a senior citizen, you will receive Rs 1,24,972.
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ICICI Bank Interest Rates on 3-year FDs
8/11For general customers - 7 per cent For senior citizens - 7.50 per cent
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ICICI Bank FD Interest Rates: Example for Rs 1 lakh lump sum investment
9/11If you invest Rs 1 lakh as a lump sum for 3 years in ICICI's FD then according to the calculations - As a general customer, you will receive Rs 1,23,144. - As a senior citizen, you will receive Rs 1,24,972.
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Post Office Interest Rates on 3-year FDs
10/11The Post Office offers an interest rate of 7.10 per cent on 3-year FDs.
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Post Office FD Interest Rates: Example for Rs 1 lakh lump sum investment
11/11If you invest Rs 1 lakh in Post Office FD for 3 years then according to the calculations you will receive Rs 1,23,508 after 3 years.
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