Fixed Deposit Rates for 1 Lakh Investment: Compare SBI, PNB, HDFC, ICICI, and Post Office 3-year FD returns
Latest FD Interest Rates: If you are looking for a secure and guaranteed return on your investment, FDs may be a suitable option. Know how much interest rates are offered by top banks like SBI, ICICI Bank, HDFC Bank, and others, for both general customers and senior citizens for 3-year tenure-
Latest FD Interest Rates: A fixed deposit (FD) is a type of investment offered by banks and non-banking financial companies (NBFCs), where individuals invest a lump sum amount for a specific period. It is important to note that interest rates can vary from one bank to another, though they are generally higher than those offered on savings accounts.
Know Your FD Rates
In this write-up, we will use calculations to show the interest rates offered by top banks like SBI, ICICI Bank, HDFC Bank, and others, for both general customers and senior citizens for 3-year tenure and the maturity amounts one can expect from an investment of Rs 1 lakh.
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 1 lakh lump sum investment
If you invest Rs 1 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 1,22,239.
- As a senior citizen, you will receive Rs 1,24,055.
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 1 lakh lump sum investment
If you invest Rs 1 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 1,23,144.
- As a senior citizen, you will receive Rs 1,24,972.
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 1 lakh lump sum investment
If you invest Rs 1 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 1,23,144.
- As a senior citizen, you will receive Rs 1,24,972.
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 1 lakh lump sum investment
If you invest Rs 1 lakh as a lump sum for 3 years in ICICI's FD then according to the calculations
- As a general customer, you will receive Rs 1,23,144.
- As a senior citizen, you will receive Rs 1,24,972.
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 1 lakh lump sum investment
If you invest Rs 1 lakh in Post Office FD for 3 years then according to the calculations you will receive Rs 1,23,508 after 3 years.