Fixed Deposit SBI vs PNB : If you are also thinking of making a fixed deposit, then let us first know which bank among Punjab National Bank and State Bank of India is giving higher returns on 3-year FD.
Fixed Deposit State Bank of India vs Punjab National Bank: Are you also thinking of investing somewhere where you can get a huge return on investing? If yes, then you can make a fixed deposit of a lump sum amount in the bank. By depositing money with a fixed period, you can avail the benefit of fixed interest.
Private banks, government banks and financial companies provide fixed deposit schemes with a period of 7 days to 10 years. If you are thinking of making a fixed deposit in the country’s famous government bank – Punjab National Bank or State Bank of India, then let us know which of the two banks is giving more return on 3-year FD.
SBI vs PNB: Which bank is giving more return?
If you are thinking of making a fixed deposit, that too with a period of 3 years, then for this you can adopt the FD scheme of Punjab National Bank or State Bank of India. Both the banks give more interest to their customers with 3-year FD.
SBI’s interest rate on 3-year FD
State Bank of India gives up to 7.25 percent interest on fixed deposits from 3 years to 5 years. A general citizen will get 6.75 percent interest on a 3-year FD. Senior citizens will get the benefit of 7.25% interest with a period of so many years.
Punjab National Bank’s 3-year FD scheme
Punjab National Bank is giving higher interest on fixed deposits of 2 to 3 years. General citizens are getting 7 percent interest and senior citizens are getting 7.50 percent interest. You can avail higher interest on FDs of 2 to 3 years. Senior citizens above 80 years i.e. super senior citizens are getting the benefit of 7.80 percent interest.
Which bank is giving higher returns?
State Bank of India is giving good returns on fixed deposits but if you are a super senior citizen then adopting Punjab National Bank’s FD scheme can be a good option for you. Both the banks are giving higher interest on FDs of 3 years duration.