A fixed deposit (FD) also referred as term deposit can be a good investment option depending on your financial goals, risk tolerance, and investment horizon. In FDs, you get a fixed interest rate unaffected by the market fluctuations. FDs offer income certainty and capital protection.

FDs allow you to deposit a lump sum of money at a fixed interest rate for a certain period of time and get guaranteed returns. They typically provide better interest rates than ordinary savings accounts. People who want a guaranteed return on their investment with no risk sometimes choose fixed deposits.

In this article, we will see comparison between Bank of Baroda’s (BoB) 400-day FD returns with Punjab National Bank’s (PNB) 400-day FD returns for senior citizens and others.

Bank of Baroda’s BoB Utsav – 400 days FD interest rate
In BoB Utsav scheme, you can get 7.30 per cent interest rate.

Maturity amount on Rs 2 lakh – Rs 6 lakh investments
You can get Rs 2,16,740 on Rs 2 lakh investment, 4,33,479 on a Rs 4 lakh investment, and Rs 6,50,219 on Rs 6 lakh investment in 400 days.

BoB Utsav interest rate for senior citizens
The senior citizens get 7.80 per cent interest rate in the BoB Utsav FD scheme.

Maturity amount on Rs 2 lakh – Rs 6 lakh investments
The senior citizens can get Rs 2,17,925 on Rs 2 lakh investments, and Rs 4,35,850 and Rs 6,53,774 on Rs 4 lakh and Rs 6 lakh investments respectively.

PNB – 400 days FD interest rate
In PNB – 400 days FD scheme, you can get a 7.25 per cent interest rate.

Maturity amount on Rs 2 lakh – Rs 6 lakh investments
You can get Rs 2,16,621 on Rs 2 lakh investment, 4,33,243 on a Rs 4 lakh investment, and Rs 6,49,864 on Rs 6 lakh investment in 400 days.

PNB – 400 days FD interest rate for senior citizens
The senior citizens get 7.75 per cent interest rate in PNB – 400 days FD scheme.

Maturity amount on Rs 2 lakh – Rs 6 lakh investments
The senior citizens can get Rs 2,17,806 on Rs 2 lakh investments, and Rs 4,35,612 and Rs 6,53,418 on Rs 4 lakh and Rs 6 lakh investments respectively.