What SBI, PNB, HDFC Bank, ICICI Bank, and Post Office are offering on Rs 3 lakh investment in 3-year FD? See calculations to know

Latest FD Interest Rates: Are you looking for an investment option that offers security and guaranteed returns? If so, Fixed Deposits (FDs) can be a suitable choice for you. With an FD, you invest a lump sum amount in a bank for a fixed tenure at an agreed interest rate. And at the end of the tenure, you receive the amount you invested along with compound interest. FDs are available for various tenures at both banks and post offices.

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Latest FD Interest Rates

Latest FD Interest Rates 1/11

Let’s take a look at the latest interest rates offered by top banks such as SBI, PNB, HDFC Bank, ICICI Bank, and the Post Office. To illustrate, let’s consider an example where you invest Rs 3 lakh in a 3-year FD.

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SBI Interest Rates on 3-year FDs

SBI Interest Rates on 3-year FDs2/11

For general customers - 6.75 per cent For senior citizens - 7.25 per cent

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SBI FD Interest Rates: Example for Rs 3 lakh lump sum investment

SBI FD Interest Rates: Example for Rs 3 lakh lump sum investment3/11

If you invest Rs 3 lakh as a lump sum in SBI's FD for 3 years then according to the calculations - As a general customer, you will receive Rs 3,66,718.   - As a senior citizen, you will receive Rs 3,72,164.

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PNB Interest Rates on 3-year FDs

PNB Interest Rates on 3-year FDs4/11

For general customers - 7 per cent For senior citizens - 7.50 per cent

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PNB FD Interest Rates: Example for Rs 3 lakh lump sum investment

PNB FD Interest Rates: Example for Rs 3 lakh lump sum investment5/11

If you invest Rs 3 lakh as a lump sum in PNB's FD for 3 years then according to the calculations - As a general customer, you will receive Rs 3,69,432.   - As a senior citizen, you will receive Rs 3,74,915.

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HDFC Bank Interest Rates on 3-year FDs

HDFC Bank Interest Rates on 3-year FDs6/11

For general customers - 7 per cent For senior citizens - 7.50 per cent These rates are also applicable on 5-year FDs.

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HDFC Bank FD Interest Rates: Example for Rs 3 lakh lump sum investment

HDFC Bank FD Interest Rates: Example for Rs 3 lakh lump sum investment7/11

If you invest Rs 3 lakh as a lump sum in HDFC's FD for 3 years then according to the calculations  - As a general customer, you will receive Rs 3,69,432.   - As a senior citizen, you will receive Rs 3,74,915.

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ICICI Bank Interest Rates on 3-year FDs

ICICI Bank Interest Rates on 3-year FDs8/11

For general customers - 7 per cent For senior citizens - 7.50 per cent

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ICICI Bank FD Interest Rates: Example for Rs 3 lakh lump sum investment

ICICI Bank FD Interest Rates: Example for Rs 3 lakh lump sum investment9/11

If you invest Rs 3 lakh as a lump sum in ICICI's FD for 3 years then according to the calculations  - As a general customer, you will receive Rs 3,69,432.   - As a senior citizen, you will receive Rs 3,74,915.

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Post Office Interest Rates on 3-year FDs

Post Office Interest Rates on 3-year FDs10/11

The Post Office offers an interest rate of 7.10 per cent on 3-year FDs.

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Post Office FD Interest Rates: Example for Rs 3 lakh lump sum investment

Post Office FD Interest Rates: Example for Rs 3 lakh lump sum investment11/11

If you invest Rs 3 lakh in Post Office FD for 3 years then according to the calculations you will receive Rs 3,70,523 after 3 years.