SBI 5-year FD vs ICICI 5-year FD: What will general and senior citizens get on Rs 7 lakh and Rs 10 lakh investments?

SBI (State Bank of India) offers attractive interest rates, with senior citizens receiving a higher premium. SBI FDs offer features like nomination facility, account transfer, various interest payout options, and a loan against FD. ICICI Bank offers two types of FDs, one is a traditional fixed deposit - Interest is paid regularly (monthly or quarterly) as chosen during the account setup. And the other one is a cumulative fixed deposit - Interest is compounded quarterly and paid as a lump sum on maturity. Here, we will compare the 5-year FD of SBI and ICICI Bank to find out what you will get on Rs 7 lakh and Rs 10 lakh investments. Take a look.

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