New Delhi: Punjab National Bank, India’s second-largest lender is offering high returns on 400-day tenure FDs to general and senior citizens. Let us compare how this compares with India’s largest lender SBI’s FD rates on 400-day tenure deposits.
PNB 400-day FD rates
Punjab National Bank offers high-interest returns on 400-day FDs for differing deposit values. On FDs below Rs 3 crore value, PNB offers 7.25 per cent returns to general investors. Senior citizens can earn up to 7.75 per cent interest on 400-day deposits below Rs 3 crore. The interest rate for super senior citizens is 7.75 per cent on deposits under Rs 3 crore.
Deposits between Rs 1-3 crore
General depositors can earn up to 7.30 per cent returns on FDs above Rs 1 crore but below Rs 3 crore made for 400 days. Senior citizens in this investment bracket can earn up to 7.80 per cent returns. Super senior citizens can earn up to 8.10 per cent returns on the same tenure if they invest between Rs 1 crore and Rs 3 crore.
More than Rs 3 crore
If investors park more than Rs 3 crore in 400-day tenure FDs, they will earn a 6.80 per cent interest rate. An interest rate of 6.85 per cent will be available on the PNB Uttam Non-Callable FD Scheme for 400-day tenure.
SBI 400-day tenure FD rates
SBI special FD Amrit Kalash Scheme with 400-days’ tenure offers up to 7.10 per cent returns on general deposits worth up to Rs 2 crore. Senior citizens can earn up to 7.60 per cent FD returns from the SBI Amrit Kalash Scheme, which has a 400-day tenure.
SBI Amrit Vrishti Scheme
Another key scheme by SBI is the Amrti Vristhi Scheme which offers 7.25 per cent returns to general depositors on 444-day FD tenure. Senior citizens can earn up to 7.75 per cent returns on 44-day tenure SBI Amrit Vrishti FDs.
PNB vs SBI 400-day FD returns: Check how much interest rate is offered by SBI and PNB on 400-day tenure FDs. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
