5 Year Fixed Deposits Return: How much return will be given on FD of Rs 2 lakh, see interest rates of different banks

Business Desk – 5 Year Fixed Deposits Return: Even today, Fixed Deposit (FD) is considered among the safest investment options in India. In this, the investor gets pre-determined returns and is not affected by market fluctuations. This is the reason why a large number of people prefer to invest in bank FD. If you are also planning to invest Rs 2 lakh in a 5 year FD, then it is important for you to know the interest rates of different banks and the returns on maturity.

SBI’s 5 year FD

State Bank of India, the country’s largest government bank, offers its customers an interest rate of 6.05% on 5-year FD. If an investor invests an amount of Rs 2 lakh in this FD for 5 years, then on maturity he gets a total of Rs 2,70,035. In this way the total return comes to approximately Rs 70,035.

HDFC Bank 5 year FD

HDFC Bank offers its customers an interest rate of 6.40% on 5 year FD. By investing Rs 2 lakh in this scheme, you get a total of Rs 2,74,729 after 5 years. That means the investor gets a profit of approximately Rs 74,729.

ICICI Bank 5 year FD

ICICI Bank offers an interest rate of 6.50% on 5 year FD, which is the highest in this list. If a person invests Rs 2 lakh, he gets Rs 2,76,084 on maturity. In this way the total return is around Rs 76,084.

Bank of Baroda’s 5 year FD

Bank of Baroda gives interest rate of 6.30% on 5 year FD. By investing Rs 2 lakh in this scheme, you get a total of Rs 2,73,380 after 5 years. The investor gets additional profit of approximately Rs 73,380.

5 year FD of Punjab National Bank

Punjab National Bank offers interest rate of 6.35% on 5 year FD. If an investor deposits Rs 2 lakh, he gets Rs 2,74,054 on maturity. Thus the total return is approximately Rs 74,054.