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Rs 10,00,000 FD Deposit For 1-year: Compare interest rates from banks like SBI, BoB, Canara Bank, HDFC Bank, ICICI Bank for general citizens
- Written by Bhawna Gupta
Published: Zee Business| Updated: Zee Business
Due to the fixed deposits' guaranteed return feature, most people prefer FD investment over others. The other best thing about FD is that it provides the same interest rate as at the time of deposit. This means market fluctuation does not impact FD returns and you get the same interest rate till the maturity. All public, private banks and financial institutions provide FD schemes. In this article, we will compare FD rates of SBI (State Bank of India), BoB (Bank of Baroda), Canara Bank, ICICI Bank, and HDFC Bank. We will also calculate the maturity on a Rs 10,00,000 deposit in one year.
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1/10
SBI 1-year FD rate
1/10The PSU bank SBI provides 6.25 per cent interest rate on a 1-year FD to general citizens.
2/10
SBI: Calculations on Rs 10 lakh deposit
2/10If an individual invests Rs 10,00,000 in SBI's 1-year FD, they will get Rs 10,63,980 on maturity.
3/10
BoB 1-year FD rate
3/10The bank offers 6.50 per cent interest rate on a 1-year FD to general citizens.
4/10
BoB: Calculations on Rs 10 lakh deposit
4/10If an individual invests Rs 10,00,000 in BoB's 1-year FD, they will get Rs 10,66,602 on maturity.
5/10
Canara Bank 1-year FD rate
5/10The bank gives 6.50 per cent interest rate on a 1-year FD to general citizens.
6/10
Canara Bank: Calculations on Rs 10 lakh deposit
6/10If an individual invests Rs 10,00,000 in Canara Bank's 1-year FD, they will get Rs 10,66,602 on maturity.
7/10
HDFC Bank 1-year FD rate
7/10The bank provides 6.25 per cent interest rate on a 1-year FD to general citizens.
8/10
HDFC Bank: Calculations on Rs 10 lakh deposit
8/10If an individual invests Rs 10,00,000 in HDFC Bank's 1-year FD, they will get Rs 10,63,980 on maturity.
9/10
ICICI Bank 1-year FD rate
9/10The bank provides 6.25 per cent interest rate on a 1-year FD to general citizens.
10/10
ICICI Bank: Calculations on Rs 10 lakh deposit
10/10If an individual invests Rs 10,00,000 in ICICI Bank's 1-year FD, they will get Rs 10,63,980 on maturity.
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