Latest FD Rates: Know what banks like SBI, BoB, PNB, Canara Bank, ICICI Bank and HDFC Bank can give you on Rs 3,00,000 investment in 1-year, 3-year and 5-year FDs
Latest FD Rates: BoB provides general citizens with 6.85 per cent, 7.15 per cent, and 6.80 per cent interest rates on 1-year, 3-year, and 5-year FD tenure, respectively.
In FD (fixed deposit), you deposit a fixed amount of money for a predetermined tenure to earn interest. The good thing is you know the exact amount you will get on maturity due to the guaranteed return feature. FDs usually provide higher returns than savings accounts. Senior citizens also get a higher rate of interest than general citizens. Let's take a look at the interest rates of banks like SBI, BoB, PNB, Canara Bank, ICICI Bank, and HDFC Bank and what you can get on maturity of Rs 4 lakh investment.
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SBI: Highest FD rates
SBI provides general citizens with 6.80 per cent, 6.75 per cent, and 6.50 per cent interest rates on 1-year, 3-year, and 5-year FD respectively.
SBI: What will be the maturity amount on a 3 lakh investment?
In 1-year FD, the PSU bank will give you Rs 3,20,926 on maturity, Rs 3,66,718 in three years, and Rs 4,14,126 in five years.
BoB FD rates
BoB provides general citizens with 6.85 per cent, 7.15 per cent, and 6.80 per cent interest rates on 1-year, 3-year, and 5-year FD tenure, respectively.
BoB: What will be the maturity amount on a 3 lakh investment?
In 1-year FD, the PSU bank will give you Rs 3,21,084 on maturity, Rs 3,71,069 in three years and Rs 4,20,282 in five years.
PNB FD rates
PNB provides general citizens with 6.80 per cent, 7 per cent, and 6.50 per cent interest rates on 1-year, 3-year, and 5-year FD tenure, respectively.
PNB: What will be the maturity amount on a 3 lakh investment?
In 1-year FD, the PSU bank will give you Rs 3,20,926 on maturity, Rs 3,69,432 in three years and Rs 4,14,126 in five years.
Canara Bank FD rates
Canara Bank provides general citizens with 6.85 per cent, 7.40 per cent, and 6.70 per cent interest rates on 1-year, 3-year, and 5-year FD tenure, respectively.
Canara Bank: What will be the maturity amount on a 3 lakh investment?
In 1-year FD, the PSU bank will give you Rs 3,21,084 on maturity, Rs 3,73,812 in three years and Rs 4,18,220 in five years.
ICICI Bank FD rates
ICICI Bank provides general citizens with 6.70 per cent interest rate on 1-year FD while it gives 7.00 per cent interest rate each on 3-year and 5-year FDs, respectively.
ICICI Bank: What will be the maturity amount on a 3 lakh investment?
In 1-year FD, the bank will give you Rs 3,66,177 on maturity, and Rs 3,69,4322 each in three-year and five-year-FDs.
HDFC Bank FD rates
HDFC Bank provides general citizens with 6.60 per cent interest rate on 1-year FD while it gives 7.00 per cent interest rate each on 3-year and 5-year FD tenure, respectively.
HDFC Bank: What will be the maturity amount on a 3 lakh investment?
In 1-year FD, the bank will give you Rs 3,65,098 on maturity, 3,69,4322 each in three-year and five-year-FDs.