New Delhi. Whenever there is talk of savings, the name of fixed deposit (FD) definitely comes up. Your investment in fixed deposit is safe, and you also get guaranteed returns. If you also want to invest in FD, then this is useful news for you. It is very important for investors to compare the interest rates of different banks before investing in FD. Let us know the interest rates offered on FD by two big public sector banks of the country, State Bank of India (SBI) and Punjab National Bank (PNB).
SBI FD rates-
7 to 45 days – 3.5 percent
46 to 179 days – 5.5 percent
180 to 210 days – 6.25 percent
211 days to less than 1 year – 6.5 percent
1 year to less than 2 years – 6.8 percent
2 years to less than 3 years – 7 percent
3 years to less than 5 years – 6.75 percent
From 5 years to 10 years – 6.5 percent
FD rates of PNB-
7 to 14 days – 3.5 percent
15 to 29 days – 3.5 percent
30 to 45 days – 3.5 percent
46 to 60 days – 4.5 percent
61 to 90 days – 4.5 percent
91 to 179 days – 5.5 percent
180 to 270 days – 6.25 percent
271 to 299 days – 6.5 percent
300 days – 7.05 percent
301 days to less than 1 year – 6.50 percent
1 year- 6.80 percent
Where will you get more returns on 1 year FD?
In SBI and PNB, common customers are getting 6.80 percent interest on one year fixed deposits. If you have made an FD of Rs 5 lakh for one year, then you will get Rs 5,34,877 on maturity. In this way you will earn Rs 34,877 from interest.
Where will you get more returns on 3 year FD?
In SBI, common customers are getting 6.75 percent annual interest on 3 year fixed deposits. If you have deposited Rs 5 lakh for 3 years, you will get Rs 6,11,196 on maturity. In this case, the interest income will be Rs 1,11,196. In PNB, common customers are getting 7 percent annual interest on 3 year fixed deposits. If you have deposited Rs 5 lakh for 3 years, you will get Rs 6,15,720 on maturity. In this case, the interest income will be Rs 1,15,720.
Tags: fixed deposits, Money Making Tips, punjab national bank, sbi
FIRST PUBLISHED: November 27, 2024, 16:09 IST