Fixed Deposit SBI VS PNB: Fixed Deposit (FD) is always mentioned whenever we talk about savings. FD is a safe investment option that offers guaranteed returns. If you are planning to invest in FD, this news is important for you. Before investing, it is essential to compare the interest rates of different banks. Let’s find out the FD interest rates offered by two of the country’s largest government banks—State Bank of India (SBI) and Punjab National Bank (PNB).
SBI FD Rates:
- 7 to 45 days – 3.5%
- 46 to 179 days – 5.5%
- 180 to 210 days – 6.25%
- 211 days to less than 1 year – 6.5%
- 1 year to less than 2 years – 6.8%
- 2 years to less than 3 years – 7%
- 3 years to less than 5 years – 6.75%
- 5 years to 10 years – 6.5%
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— State Bank of India (@TheOfficialSBI) February 10, 2018
PNB FD Rates:
- 7 to 14 days – 3.5%
- 15 to 29 days – 3.5%
- 30 to 45 days – 3.5%
- 46 to 60 days – 4.5%
- 61 to 90 days – 4.5%
- 91 to 179 days – 5.5%
- 180 to 270 days – 6.25%
- 271 to 299 days – 6.5%
- 300 days – 7.05%
- 301 days to less than 1 year – 6.5%
- 1 year – 6.8%
Where Will You Get More Returns on a 1-Year FD?
In SBI and PNB, regular customers get a 6.80% interest rate on a 1-year fixed deposit. If you invest Rs 5 lakh for one year, the maturity amount will be Rs 5,34,877. This means you will earn Rs 34,877 as interest.
Where Will You Get More Returns on a 3-Year FD?
In SBI, regular customers get a 6.75% annual interest rate on a 3-year fixed deposit. If you invest Rs 5 lakh for three years, the maturity amount will be Rs 6,11,196, giving you Rs 1,11,196 as interest. In PNB, regular customers get a 7% annual interest rate on a 3-year fixed deposit. If you invest Rs 5 lakh for three years, the maturity amount will be Rs 6,15,720, and you will earn Rs 1,15,720 as interest.
Disclaimer: The FD interest rates mentioned are based on publicly available data and may change over time. Investors are advised to verify the latest rates and terms with the respective banks before making any financial decisions. Times Bull will not be responsible for any financial investments made, as it is entirely your responsibility.