SBI and PNB Special Fixed Deposit Schemes: Compare Returns for Better Investments

If you’re looking for better returns than regular fixed deposits, consider the special FD schemes offered by State Bank of India (SBI) and Punjab National Bank (PNB). SBI’s 444-day Amrit Vrishti FD and PNB’s 400-day Special FD offer competitive interest rates for both general and senior citizens. Let’s compare the maturity amounts for investments of ₹3.5 lakh and ₹7 lakh to help you choose the best option for your financial needs.

SBI 444-Day Amrit Vrishti FD

For General Citizens:

• ₹3.5 Lakh Investment: Earn ₹31,967.38 in interest, maturity amount ₹3,81,967.38.
• ₹7 Lakh Investment: Earn ₹63,934.77 in interest, maturity amount ₹7,63,934.77.

For Senior Citizens:

• ₹3.5 Lakh Investment: Earn ₹34,254.65 in interest, maturity amount ₹3,84,254.65.
• ₹7 Lakh Investment: Earn ₹68,509.29 in interest, maturity amount ₹7,68,509.29.

PNB 400-Day Special FD

For General Citizens:

• ₹3.5 Lakh Investment: Earn ₹28,673.27 in interest, maturity amount ₹3,78,673.27.
• ₹7 Lakh Investment: Earn ₹57,346.55 in interest, maturity amount ₹7,57,346.55.

For Senior Citizens:

• ₹3.5 Lakh Investment: Earn ₹30,715.49 in interest, maturity amount ₹3,80,715.49.
• ₹7 Lakh Investment: Earn ₹61,430.99 in interest, maturity amount ₹7,61,430.99.

Key Takeaways

• SBI’s Amrit Vrishti FD offers higher returns for both general and senior citizens compared to PNB’s Special FD.
• PNB provides an additional benefit for super senior citizens (above 80 years) with an interest rate of 8.05%.

Choose the scheme that aligns with your investment goals and enjoy solid returns on your fixed deposits!