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.
Latest FD Interest Rates
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.
SBI Interest Rates on 3-year FDs
For general customers - 6.75 per cent
For senior citizens - 7.25 per cent
SBI FD Interest Rates: Example for Rs 3 lakh lump sum investment
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.
PNB Interest Rates on 3-year FDs
For general customers - 7 per cent
For senior citizens - 7.50 per cent
PNB FD Interest Rates: Example for Rs 3 lakh lump sum investment
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.
HDFC Bank Interest Rates on 3-year FDs
For general customers - 7 per cent
For senior citizens - 7.50 per cent
These rates are also applicable on 5-year FDs.
HDFC Bank FD Interest Rates: Example for Rs 3 lakh lump sum investment
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.
ICICI Bank Interest Rates on 3-year FDs
For general customers - 7 per cent
For senior citizens - 7.50 per cent
ICICI Bank FD Interest Rates: Example for Rs 3 lakh lump sum investment
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.
Post Office Interest Rates on 3-year FDs
The Post Office offers an interest rate of 7.10 per cent on 3-year FDs.
Post Office FD Interest Rates: Example for Rs 3 lakh lump sum investment
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.