SBI 3-year FD vs Central Bank of India 3-year FD: What can be monthly income if you invest Rs 5 lakh, Rs 11 lakh, and Rs 17 lakh in each FD?
SBI 3-year FD vs Central Bank of India 3-year FD: Investors use fixed deposit (FD) schemes to get guaranteed returns. They can get the amount on maturity, or they can also opt for monthly, quarterly, half-yearly, or yearly payouts depending on their requirements. Banks and small banks offer extra interest rates to senior citizens compared to what they offer to general citizens.
SBI 3-year FD vs Central Bank of India 3-year FD: Fixed deposits (FDs) have been a popular source of investment for a long time. Investors with a low-risk appetite or those seeking diversification in their portfolio invest in FDs. They deposit an amount one time in an FD and get maturity on the completion of tenure. However, banks also offer monthly, quarterly, half-yearly, and yearly FD payouts to their investors. Senior citizens use FD investments for retirement planning too since it provides them guaranteed returns and a regular income. Banks and small banks also offer them higher interest rates on FDs compared to what they offer to general citizens. State Bank of India (SBI) and Central Bank of India also offer FDs ranging from 7 days to 10 years in duration. Both also offer a 3-year FD at different rates. Know what rates they offer to general and senior citizens in the 3-year FD and what can be monthly payouts on deposits of Rs 5 lakh and Rs 11 lakh in each FD.
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(Disclaimer: Our calculations are projections. Actual calculations may vary.)
SBI 3-year FD: Interest rate for general citizens

SBI 3-year FD: Interest rate for senior citizens

Central Bank of India 3-year FD: Interest rate for general citizens

Central Bank of India 3-year FD: Interest rate for senior citizens

SBI 3-year FD: Monthly payout on Rs 5 lakh investment for general citizens

SBI 3-year FD: Monthly payout on Rs 9 lakh investment for general citizens

SBI 3-year FD: Monthly payout on Rs 17 lakh investment for senior citizens

SBI 3-year FD: Monthly payout on Rs 5 lakh investment for senior citizens

SBI 3-year FD: Monthly payout on Rs 9 lakh investment for senior citizens

SBI 3-year FD: Monthly payout on Rs 17 lakh investment for senior citizens

Central Bank of India 3-year FD: Monthly payout on Rs 5 lakh investment for general citizens

Central Bank of India: Monthly payout on Rs 9 lakh investment for general citizens

Central Bank of India: Monthly payout on Rs 17 lakh investment for general citizens

Central Bank of India: Monthly payout on Rs 5 lakh investment for senior citizens

Central Bank of India: Monthly payout on Rs 9 lakh investment for senior citizens
