Every person wants to profit by investing his hard-earned money in a good scheme. Many such schemes are being run by the government and banks, in which people can earn profit by investing their money, but most people prefer to invest in bank FD only. This happens because the return received in bank FD is fixed.
Also, there is no fear of losing money. In such a situation, if you also invest your money in bank FD, then first of all you should know which bank is giving more return. Today we are going to tell you about the FD of the two largest government banks in the country, SBI and Punjab National Bank (PNB). We will tell you which bank will give more return on investing Rs 5 lakh in both the banks for 1 year. Let us know.
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Investment in SBA’s 1 year FD
State Bank of India is the largest government bank in the country. In this bank, customers get very good returns in FD. The interest rate of FD of 1 year duration in SBI is 6.8 percent. In such a situation, if you invest Rs 5 lakh in this bank for 1 year, then you will get Rs 5,34,877 on maturity.
Investment in 1 year FD of PNB
Punjab National Bank is one of the largest government banks in the country. In this bank, customers get very good returns on FD. In PNB too, the interest rate of FD of 1 year duration is 6.8 percent. In such a situation, if you invest Rs 5 lakh in this bank for 1 year, then you will get Rs 5,34,877 on maturity.
SBI vs PNB
The interest rate on 1 year FD is the same in both banks, so the maturity amount is also the same. But, before investing in FD, you should also pay attention to other important things, such as:-
Reliability of the bank
Customer service
Other FD schemes
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Make a wise decision, and build a secure future
FD investment is a safe and reliable option, but choosing the right bank is also important.