Central Bank of India 1111-day FD vs Union Bank of India 456-day FD: Which one can give you higher returns on Rs 1,00,000-Rs 5,00,000 deposits
Published on 14/07/2025 01:56 PM
Banks and financial institutions provide both regular fixed deposits (FDs) and special FDs. The only difference is that special FDs are offered for a limited period and provide higher interest rates. Similar to regular FDs, special FDs also provide better interest rates to senior citizens. In this article, we will compare two special FDs- one is provided by the Central Bank of India and the other is Union Bank of India.
The PSU bank provides a 7.50 per cent interest rate to senior citizens on a 1111-day special FD, while it gives a 7 per cent interest rate to others on the same FD.
If a senior citizen invests Rs 1,00,000 in Central Bank of India's 1111-day FD, they will get Rs 1,25,379 on maturity while others will get Rs 1,23,519.
Rs 2,00,000 deposit
Senior citizens: Rs 2,50,759
Others: Rs 2,47,038
Rs 3,00,000 deposit
Senior citizens: Rs 3,76,138
Others: Rs 3,70,557
Rs 4,00,000 deposit
Senior citizens: Rs 5,01,517
Others: Rs 4,94,076
Rs 5,00,000 deposit
Senior citizens: Rs 6,26,897
Others: Rs 6,17,595
Union Bank offers a 7.35 per cent interest rate to senior citizens on a 456-day FD, while others get a 6.85 per cent interest rate to others on the same FD.
If a senior citizen invests Rs 1,00,000 in Union Bank of India's 456-day FD, they will get Rs 1,09,526 on maturity while others will get Rs 1,08,856.
Rs 2,00,000 deposit
Senior citizens: Rs 2,19,052
Others: Rs 2,17,712
Rs 3,00,000 deposit
Senior citizens: Rs 3,28,578
Others: Rs 3,26,567
Rs 4,00,000 deposit
Senior citizens: Rs 4,38,104
Others: Rs 4,35,423
Rs 5,00,000 deposit
Senior citizens: Rs 5,47,630
Others: Rs 5,44,279
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