Best Fixed Deposit Rates: Let’s know how much return will be made by investing 5 lakh rupees in 5 years FD in big banks.
Best Fixed Deposit Rates in India 2021: Talking about deposits and savings, the Fixed Deposit (FD) scheme is very popular. The biggest reason for this is that people consider it safe and they get fixed returns. The best thing is that there is no market linked scheme, so the fluctuations of the market have no effect on it. Many people invest in FDs with their savings. Many people invest in FD for long term.
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Most people invest in FDs where they have a savings account. But before investing in FD, it should be noted that different banks are paying interest on FD. Let us know how much return will be earned by investing five lakh rupees in 5 years FD in big banks.
State Bank of India (SBI)
FD amount: 5 lakh
FD Term: 5 years
Interest rate: 5.40%
Maturity amount: Rs 6,54,585
Interest earned: Rs 1,54,585
Punjab National Bank (PNB)
FD Amount: 5 Lakh
FD Term: 5 years
Interest Rate: 5.30%
Maturity amount: Rs 6,51,335
Interest earned: Rs 1,51,335
HDFC Bank
FD Amount: 5 Lakh
FD Term: 5 years
Interest Rate: 5.30%
Maturity amount: Rs 6,51,335
Interest earned: Rs 1,51,335
ICICI Bank
FD amount: 5 lakh
FD Term: 5 years
Interest rate: 5.35%
Amount to be paid at maturity: Rs. 6,52,958
Interest earned: Rs. 1,52,958
Axis Bank
FD amount: 5 lakh
FD Term: 5 years
Interest rate: 5.50%
Maturity amount: Rs 6,57,851
Interest earned: Rs 1,57,851
Bank of Baroda (BOB)
FD amount: 5 lakh
FD Term: 5 years
Interest rate: 5.25%
Maturity amount: Rs 6,49,716
Interest earned: Rs 1,49,716
If you invest 5 lakh rupees in FDs with a tenure of 5 years in these banks, then compared to the amount received on maturity, the highest returns are available in Axis Bank. Bank of Baroda will get the lowest return on maturity in these 5 banks.
