Senior citizens get higher interest rates than general citizens on fixed deposits (FDs) from all banks. FD is the most trusted way of investment. They are considered a safe investment option as they provide guaranteed returns. Market fluctuations don't impact FD returns. The RBI regulates FDs offered by banks to ensure their financial stability and integrity.
This article will calculate maturity on Rs 5 lakh to Rs 15 lakh investments from PSU banks like SBI, PNB, Canara Bank, and BoB in one to five-year tenures.
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1/161-year FD: 6.75% 3-year FD: 6.80% 5-year FD: 7.05%
2/161-year FD: Rs 5,34,614 3-year FD: Rs 6,12,099 5-year FD: Rs 7,09,129
3/161-year FD: Rs 10,69,228 3-year FD: Rs 12,24,197 5-year FD: Rs 14,18,258
4/161-year FD: Rs 16,03,842 3-year FD: Rs 18,36,296 5-year FD: Rs 21,27,388
5/161-year FD: 7% 3-year FD: 7% 5-year FD: 7%
6/161-year FD: Rs 5,35,930 3-year FD: Rs 6,15,720 5-year FD: Rs 7,07,389
7/161-year FD: Rs 10,71,859 3-year FD: Rs 12,31,439 5-year FD: Rs 14,14,778
8/161-year FD: Rs 16,07,789 3-year FD: Rs 18,47,159 5-year FD: Rs 21,22,167
9/161-year FD: 6.9% 3-year FD: 6.9% 5-year FD: 7%
10/161-year FD: Rs 5,35,403 3-year FD: Rs 6,13,907 5-year FD: Rs 7,07,389
11/161-year FD: Rs 10,70,806 3-year FD: Rs 12,27,813 5-year FD: Rs 14,14,778
12/161-year FD: Rs 16,06,209 3-year FD: Rs 18,41,720 5-year FD: Rs 21,22,167
13/161-year FD: 7% 3-year FD: 7% 5-year FD: 7%
14/161-year FD: Rs 5,35,930 3-year FD: Rs 6,15,720 5-year FD: Rs 7,07,389
15/161-year FD: Rs 10,71,859 3-year FD: Rs 12,31,439 5-year FD: Rs 14,14,778
16/161-year FD: Rs 16,07,789 3-year FD: Rs 18,47,159 5-year FD: Rs 21,22,167