SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
SBI 444-day FD vs PNB 400-day FD: Special fixed deposit (FD) schemes have their own charm. Investors seeking extra returns compared to traditional FDs invest in special FDs. State Bank of India (SBI) offers its highest interest rate in the 444-day Amrit Vrishti Scheme, while Punjab National Bank (PNB) offers its highest interest rate in the 400-day FD. Know how much return they can give.
SBI 444-day FD vs PNB 400-day FD: Banks want to attract customers seeking extra return compared to what traditional FDs offer. So, time and again, they launch special fixed deposit (FD) schemes. These FDs can be callable or non-callable. Investors who withdraw on the maturity of the scheme often get higher return compared to traditional FDs. The maturity period of a special FD can be less than a year to around 10 years. Banks offer these FDs for a limited period and extend the deadline to invest based on the investor response.
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SBI 444-day Amrit Vrishti FD
State Bank of India (SBI) offers its highest interest rate among all its FDs in the 444-day Amrit Vrishti special FD scheme. The FD launched on July 15, 2024, is open for investments till March 31, 2025.
PNB 400-day Special FD
On the other hand, Punjab National Bank offers its highest interest rate among all its FDs in the 400-day FD. The FD is also open to super citizens.
SBI 444-day Amrit Vrishti FD: Interest rate for general citizens
The interest rate for general citizens in the special FD is 7.25 per cent.
SBI 444-day Amrit Vrishti FD: Interest rate for senior citizens
Senior citizens get 7.75 per cent interest rate in the Amrit Vrishti FD.
PNB 400-day FD: Interest rate for general citizens
The PSU bank offers 7.25 per cent interest rate to general citizens in the 400-day FD.
PNB 400-day FD: Interest rate for senior citizens
Senior citizens get 7.75 per cent interest in the same FD.
PNB 400-day FD: Interest rate for super senior citizens
Super seniors get 8.05 per cent interest rate in PNB's 400-day FD.
SBI 444-day Amrit Vrishti FD: Maturity on Rs 3.5 lakh investment for general citizens
The estimated interest will be Rs 31,967.38, and the estimated maturity amount will be Rs 3,81,967.38.
SBI 444-day Amrit Vrishti FD: Maturity on Rs 7 lakh investment for general citizens
On investing Rs 7 lakh, general citizens will get estimated interest of Rs 63,934.77, and the estimated maturity amount will be Rs 7,63,934.77.
SBI 444-day Amrit Vrishti FD: Maturity on Rs 3.5 lakh investment for senior citizens
Senior citizens will get estimated interest of Rs 34,254.65, and the estimated maturity of Rs 3,84,254.65.
SBI 444-day Amrit Vrishti FD: Maturity on Rs 7 lakh investment for senior citizens
The estimated interest on investing Rs 7 lakh will be Rs 68,509.29, and the estimated maturity will be Rs 7,68,509.29.
PNB 400-day FD: Maturity on Rs 3.5 lakh investment for general citizens
The estimated interest that general citizens will get will be Rs 28,673.27 and the estimated maturity will be Rs 3,78,673.27.
PNB 400-day FD: Maturity on Rs 7 lakh investment for general citizens
A Rs 7 lakh investment will help them get estimated interest of Rs 57,346.55 and the estimated maturity of Rs 7,57,346.55.
PNB 400-day FD: Maturity on Rs 3.5 lakh investment for senior citizens
Senior citizens will get estimated interest of Rs 30,715.49 and the estimated maturity of Rs 3,80,715.49 on Rs 3.5 lakh investment.
PNB 400-day FD: Maturity on Rs 7 lakh investment for senior citizens
On investing Rs 7 lakh, the estimated interest will be Rs 61,430.99, and the estimated maturity will be Rs 7,61,430.99.