SBI 444-day FD vs Union Bank of India 333-day FD Calculator: What will be maturity amounts on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens?
SBI 444-day FD vs Union Bank of India 333-day FD Interest Calculation: Special fixed deposit (FD) schemes are for limited duration. Banks often offers higher interest rates in such FDs than they offer in traditional FDs. State Bank of India (SBI) offers its highest interest rate in the Amrit Vrishti 444-day FD, while Union Bank of India offers its highest interest rate in the 333-day Union Sumvridhi FD.
Special FD Return Calculator: Banks offers special fixed deposit (FD) schemes for a limited duration. These FDs can be callable and non-callable. Investors get return on maturity. These special FDs often offer higher interest rates than many of the same bank's other FDs. Investors seeking extra interest rate and guaranteed returns on their investment invest in special FDs. All leading banks such as State Bank of India (SBI) offers its highest interest rate among all FDs in 444-day Amrit Vrishti Scheme. On the other hand, Union Bank of India offers its highest interest rate among its FDs in the 333-day Union Sumvridhi scheme. In this write-up, know how much interest these two schemes are offering to general and senior citizens and what will they get on investments of Rs 4 lakh and Rs 8 lakh.
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SBI 444-day Amrit Vrisht Special FD: Interest rate for general citizens
SBI offers 7.25 per cent interest rate to general citizens.
SBI 444-day Amrit Vrishti Special FD: Interest rate for senior citizens
Senior citizens get 7.75 per cent interest rate in in the special FD.
Bank of India 333-day Union Sumvridhi Special FD: Interest rate for general citizens
The interest rate in the 333-day FD is 7.40 per cent.
Bank of India 333-day Union Sumvridhi Special FD: Interest rate for senior citizens
Senior citizens get 7.90 per cent interest in this special FD.
SBI 444-day Amrit Vrishti Special FD: Maturity amount for general citizens on Rs 4 lakh investment
The estimated interest will be Rs 36534.15, and the estimated maturity will be Rs 436534.15.
SBI 444-day Amrit Vrishti Special FD: Maturity amount for general citizens on Rs 8 lakh investment
The estimated return will be Rs 73,068.31, and the estimated maturity will be Rs 8,73,068.31.
SBI 444-day Amrit Vrishti Special FD: Maturity amount for senior citizens on Rs 4 lakh investment
They will get estimated interest of Rs 39,148.17 and the estimated maturity of Rs 4,39,148.17.
SBI 444-day Amrit Vrishti Special FD: Maturity amount for senior citizens on Rs 8 lakh investment
The estimated maturity for senior citizens will be Rs 78,296.34, and the estimated maturity will be Rs 8,78,296.34.
Bank of India 333-day Union Sumvridhi Special FD: Maturity amount for general citizens on Rs 4 lakh investment
The estimated interest on a Rs 4 lakh investment will be Rs 27,673.47, and the estimated maturity will be Rs 4,27,673.47.
Bank of India 333-day Union Sumvridhi Special FD: Maturity amount for general citizens on Rs 8 lakh investment
The estimated return on a Rs 8 lakh investment will be Rs 5,53,46.94, and the estimated maturity will be 8,55,346.94.
Bank of India 333-day Union Sumvridhi Special FD: Maturity amount for senior citizens on Rs 4 lakh investment
They will get estimated interest of Rs 29,592.04, and the estimated maturity of Rs 4,29,592.04.
Bank of India 333-day Union Sumvridhi Special FD: Maturity amount for senior citizens on Rs 8 lakh investment
The estimated interest on a Rs 8 lakh investment will be Rs 5,91,84.09, and the estimated maturity will be Rs 8,59,184.09.