FD Rates For Rs 7 Lakh One-Time Investment: Compare SBI, PNB, HDFC Bank, ICICI Bank, and Post Office 3-year fixed deposit returns
Latest FD Interest Rates: Offered by banks and non-banking financial companies (NBFCs), FDs allow investors to invest a lump sum amount for a specific tenure. In this write-up, we will use calculations to show the interest rates offered by top banks for 3-year tenure and the maturity amounts one can expect from an investment of Rs 7 lakh.
Latest FD Interest Rates: When it comes to investing in safe, secure, and risk-free investment options, then people generally choose fixed deposits or FDs. Offered by banks and non-banking financial companies (NBFCs), they allow investors to invest a lump sum amount for a specific tenure. However, before investing in any bank FD, it is important to compare the interest rates offered by top banks.
Know Your FD Rates
In 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 7 lakh.
SBI Interest Rates on 3-year FDs
For general customers - 6.75 per cent
For senior citizens - 7.25 per cent
SBI FD Interest Rates: Example for Rs 7 lakh lump sum investment
If you invest Rs 7 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 8,55,675.
- As a senior citizen, you will receive Rs 8,68,383.
PNB Interest Rates on 3-year FDs
For general customers - 7 per cent
For senior citizens - 7.50 per cent
PNB FD Interest Rates: Example for Rs 7 lakh lump sum investment
If you invest Rs 7 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 8,62,008.
- As a senior citizen, you will receive Rs 8,74,801.
HDFC Bank Interest Rates on 3-year FDs
For general customers - 7 per cent
For senior citizens - 7.50 per cent
These rates are also applicable on 5-year FDs.
HDFC Bank FD Interest Rates: Example for Rs 7 lakh lump sum investment
If you invest Rs 7 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 8,62,008.
- As a senior citizen, you will receive Rs 8,74,801.
ICICI Bank Interest Rates on 3-year FDs
For general customers - 7 per cent
For senior citizens - 7.50 per cent
ICICI Bank FD Interest Rates: Example for Rs 7 lakh lump sum investment
If you invest Rs 7 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 8,62,008.
- As a senior citizen, you will receive Rs 8,74,801.
Post Office Interest Rates on 3-year FDs
The Post Office offers an interest rate of 7.10 per cent on 3-year FDs.
Post Office FD Interest Rates: Example for Rs 7 lakh lump sum investment
If you invest Rs 7 lakh in Post Office FD for 3 years then according to the calculations you will receive Rs 8,64,553 after 3 years.