SBI 3-year FD vs BoB 3-year FD: Both State Bank of India (SBI) and Bank of Baroda (BoB), are popular banks which are offering competitive interest rates on 3-year FDs. Thus, let's find out how much general and senior citizens can earn on investments of Rs 3 lakh and Rs 6 lakh with SBI and BoB's 3-year FDs.
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(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
1/13FD is a type of investment in which you can invest a lump sum for a fixed period of time. You can withdraw the maturity amount on the completion of the scheme. You can also choose to receive interest payments at regular intervals, such as monthly, quarterly, or annually, or you can leave the interest to accumulate in your deposit till the maturity date.
2/13The interest rate is 6.75 per cent for general citizens.
3/13The interest rate is 7.25 per cent for general citizens.
4/13Bank of Baroda is offering a 7.15 per cent interest rate to general citizens.
5/13It is offering a 7.65 per cent interest rate to senior citizens.
6/13The estimated maturity amount will be Rs 3,66,717. The estimated return will be Rs 66,717.
7/13The estimated maturity amount will be Rs 3,72,164. The estimated return will be Rs 72,164.
8/13The estimated maturity amount will be Rs 3,71,068. The estimated return will be Rs 71,068.
9/13The estimated maturity amount will be Rs 3,76,574. The estimated return will be Rs 76,574.
10/13The estimated maturity amount will be Rs 7,33,435. The estimated return will be Rs 1,33,435.
11/13The estimated maturity amount will be Rs 7,44,328. The estimated return will be Rs 1,44,328.
12/13The estimated maturity amount will be Rs 7,42,137. The estimated return will be Rs 1,42,137.
13/13The estimated maturity amount will be Rs 7,53,148. The estimated return will be Rs 1,53,148.