Many people in India trust government banks for Fixed Deposit (FD) investments because they are safe and provide a fixed interest rate. The State Bank of India (SBI)
and Punjab National Bank (PNB) are two of the largest banks in India. This comparison of their 3-year FD interest rates will help you make a better choice for your financial goals.
This comparison will help you decide which bank offers better interest rates for their 3-year FD schemes.
are well-known for their services. In this comparison, we will look at the FD interest rates of both banks for 3-year schemes to help you choose the best option for your financial goals.
SBI vs PNB FD Interest Rates (2024)
SBI FD Interest Rates (for 3 to 5 years)
For general citizens: 6.75%
For senior citizens: 7.25%
PNB FD Interest Rates (for 2 to 3 years)
For general citizens: 7%
For senior citizens: 7.50%
For super senior citizens (above 80 years): 7.80%
Minimum Investment Amount
Both SBI and PNB require a minimum investment of Rs 1,000 to open an FD.
Which Bank Offers Better Interest Rates: SBI or PNB?
PNB offers slightly higher interest rates than SBI across all categories, including for general citizens, senior citizens, and super senior citizens.
Important Points to Remember When Investing in FDs
Be aware that some FDs may charge a penalty for premature withdrawal. If you’re looking to invest in a 3-year FD, consider the bank offering the best returns that suit your needs.
