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SBI vs PNB vs Central Bank: 1-year FD; What will be the maturity amount on Rs 7 lakh investment for general and senior citizens
- Written by Anamika Singh
Published: Zee Business| Updated: Zee Business
Fixed deposits (FDs) are a popular investment scheme for investors seeking guaranteed returns from their investments. Both general and senior citizens invest in FDs ranging from 7 days to 10 years. A 1-year FD provides liquidity in the short term, allowing the investor to get the maturity amount in a year. Therefore, here we will explore 1-year FD interest rates for SBI, PNB, and Central Bank to find out what the maturity amount for general and senior citizens on Rs 7 lakh investment.
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(Disclaimer: Our calculations are projections and not investment advice. Do your own due diligence or consult an expert for financial planning)
1/13
What is FD?
1/13Fixed deposit is an investment scheme where investors invest a lump sum in a bank or non-banking financial company for a fixed tenure at an agreed rate of interest. In return, you earn interest on the amount you deposit at a fixed rate.
2/13
SBI 1-year general citizen FD interest rate
2/13The interest rate is 6.80 per cent for general citizens.
3/13
SBI 1-year senior citizen FD interest rate
3/13The interest rate is 7.30 per cent for senior citizens.
4/13
PNB 1-year general citizen fixed deposit rate
4/13The bank offers a 6.80 per cent interest rate to general citizens in its 1-year FD.
5/13
PNB 1-year senior citizen FD interest rate
5/13Punjab National Bank is offering a 7.30 per cent interest rate to senior citizens in 1-year FD.
6/13
Central Bank 1-year general citizen FD interest rate
6/13The interest rate is 6.85 per cent for general citizens.
7/13
Central Bank 1-year senior citizen FD interest rate
7/13The interest rate is 7.35 per cent for senior citizens.
8/13
SBI 1-year FD: Maturity amount for general citizens on Rs 7 lakh investment
8/13The estimated maturity amount will be Rs 7,48,828 in a 1-year fixed deposit for general citizens with 6.8 per cent interest rate. The estimated return will be Rs 48,828.
9/13
SBI 1-year FD: Maturity amount for senior citizens on Rs 7 lakh investment
9/13The estimated maturity amount will be Rs 7,52,516 and the estimated return will be Rs 52,516.
10/13
PNB 1-year FD: Maturity amount for general citizens on Rs 7 lakh investment
10/13The estimated maturity amount will be Rs 7,48,828 and the estimated return will be Rs 48,828.
11/13
PNB 1-year FD: Maturity amount for senior citizens on Rs 7 lakh investment
11/13The estimated maturity amount will be Rs 7,52,516 and the estimated return will be Rs 52,516.
12/13
Central Bank 1-year FD: Maturity amount for general citizens on Rs 7 lakh investment
12/13The estimated maturity amount will be Rs 7,49,196 and the estimated return will be Rs 49,196.
13/13
Central Bank 1-year FD: Maturity amount for senior citizens on Rs 7 lakh investment
13/13The estimated maturity amount will be Rs 7,52,886 and the estimated return will be Rs 52,886.
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