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SBI vs PNB FD Interest Rates: The minimal quantity to put money into a SBI and PNB FD is Rs 1,000.
SBI vs PNB: Interest Rate For 3-year FD
Fixed Deposits (FDs) stay a dependable selection for these in search of stability and assured returns within the ever-changing monetary panorama. Among India’s high banking choices, the State Bank of India (SBI) and Punjab National Bank (PNB) are famend for his or her vast attain and customer-centric companies. This information compares the interest rates for three-year FDs from each banks, serving to you make an knowledgeable resolution.
Whether you’re a risk-averse investor or a senior citizen aiming to maximise returns, understanding these choices can play a key position in shaping your monetary technique.
When evaluating FDs with a 3-year tenure in SBI and PNB, it’s important to check key components just like the rates of interest provided, minimal deposit necessities, and extra options comparable to penalties for untimely withdrawal. These particulars might help you select the choice that greatest aligns together with your monetary targets and desires.
SBI And PNB FD Interest Rates (as of latest information)
Interest Rates on Retail Domestic Term Deposits (Below Rs 3 crore)
SBI FD Interest Rates 2024
For a 3-year maturity interval FD, the State Bank of India presents a tenure of three to five years.
Interest Rate for 3 years to lower than 5 years tenure FD
- For the overall public- 6.75%
- For senior citizens- 7.25%
PNB FD Interest Rates 2024
Punjab National Bank has a special tenure interval for a 3-year maturing FD.
Interest Rates on Retail Domestic Term Deposits (Below Rs 3 crore)
> 2 years to three years FD Interest Rate
- General public- 7%
- Senior Citizens- 7.50%
- Super Senior Citizens- 7.80%
Minimum Amount For FD In SBI And PNB
The minimal quantity to put money into a SBI and PNB FD is Rs 1,000.
Which Bank Offers Better Returns?
PNB offers barely increased rates of interest for each common and senior residents than SBI for a three-year FD. However, verifying the most recent charges instantly with the banks is essential, as they’ll change primarily based on coverage updates. Additionally, consider your monetary priorities—comparable to flexibility or extra options—to find out which financial institution’s FD aligns higher together with your wants.
Disclaimer: The views and funding suggestions by specialists on this News18.com report are their very own and never these of the web site or its administration. Readers are suggested to test with licensed specialists earlier than making any funding selections.
