SBI 444-day FD vs Central Bank of India 555-day FD: What will be your maturity amount if you invest Rs 6,86,868 and Rs 12,34,567 in these special FDs?
SBI 444-day FD vs Central Bank of India 555-day FD: State Bank of India (SBI) runs a 444-day special FD as Amrit Vrishti FD; Central Bank of India's 555-day FD is known as Cent Super Time Deposit. SBI offers its highest interest rate among all FDs under the Amrit Vrishti scheme.
SBI 444-day FD vs Central Bank of India 555-day FD, Specal FD Calculations: Special fixed deposit (FD) schemes are for limited duration, which offer slightly higher interest than traditional FDs of a nearly or higher duration. The investment duration of special FDs can be from a few hundred days to a few years. Banks start such FDs for a limited time frame, but based on investor interest, they extend the investment duration. Special FDs can be callable and non-callable. There are also the minimum and maximum investment limits.
State Bank of India (SBI) runs its 444-day special FD schemes as the Amrit Vrishti FD scheme. On the other hand, Central Bank of India runs its 555-day FD scheme as Cent Super Time Deposit. Know more about them, the interest rates that they offer, and what general and senior citizens can get on investments of Rs 6,86,868 and Rs 12,34,567 on maturity.
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What is SBI 444-day Amrit Vrishti FD?
State Bank of India launched the scheme in July 2024, and the FD is available till March 31, 2025.
The eligible deposits are Domestic Retail Term Deposits including NRI Rupee Term Deposits.
In the FD, term deposits are available for monthly, quarterly, and half-yearly intervals, while special term deposits are available on maturity.
The interest, net of TDS, will be credited to the customer’s account.
What is Cent Super 555-day FD?
The FD offers investments to all types of customers, including NRE.
The minimum investment in the 555-day FD is Rs 10,000, and the maximum is Rs 10 crore.
The 555-day Cent Super FD is available for callable and non-callable options.
Deposits are accepted for a fixed period of 555 days in the FD.
SBI 444-day Amrit Vrishti FD interest rate for general citizens
The interest rate for general citizens is 7.25 per cent.
SBI 444-day Amrit Vrishti FD interest rate for senior citizens
The interest rate for senior citizens is 7.75 per cent.
Cent Super 555-day FD: Interest rate for general citizens
In the callable option, the interest is 7.25 per cent.
While in the non-callable option (deposits above Rs 1 crore), the interest rate is 7.40 per cent.
Cent Super 555-day FD: Interest rate for senior citizens
In the callable option, the interest is 7.75 per cent.
While in the non-callable option (deposits above Rs 1 crore), the interest rate is 7.90 per cent.
SBI 444-day Amrit Vrishti FD: Interest for general citizens on Rs 6,86,868 investment
The estimated interest will be Rs 62,735.35, and the estimated maturity will be Rs 7,49,603.35.
SBI 444-day Amrit Vrishti FD: Interest for general citizens on Rs 12,34,567 investment
The estimated return will be Rs 1,12,759.65, and the estimated maturity will be Rs 13,47,326.65.
SBI 444-day Amrit Vrishti FD: Interest for senior citizens on Rs 6,86,868 investment
The estimated interest amount on this investment will be Rs 67,224.06, and the estimated maturity will be Rs 7,54,092.06.
SBI 444-day Amrit Vrishti FD: Interest for senior citizens on Rs 12,34,567 investment
Senior citizens will get an estimated interest amount of Rs 1,20,827.59, and the estimated maturity of Rs 13,55,394.59.
Cent Super 555-day FD: Interest for general citizens on Rs 6,86,868 investment
The estimated interest will be Rs 79,294.83, and the estimated maturity will be Rs 7,66,162.83.
Cent Super 555-day FD: Interest for general citizens on Rs 12,34,567 investment
The estimated interest on this investment will be Rs 1,42,523.43, and the estimated maturity will be Rs 13,77,090.43.
Cent Super 555-day FD: Interest for senior citizens on Rs 6,86,868 investment
Senior citizens will get an estimated interest of Rs 85,033.95 and the estimated maturity of Rs 7,71,901.95.
Cent Super 555-day FD: Interest for senior citizens on Rs 12,34,567 investment
The estimated interest on this investment will be Rs 1,52,838.84, and the estimated maturity will be Rs 13,87,405.84.