SBI 444-day FD vs ICICI Bank 15-month FD vs Central Bank of India 444-day FD: What will be maturity amounts on Rs 10 lakh investment for general and senior citizens? Know here
SBI 444-day FD vs ICICI Bank 15-month FD vs Central Bank of India 444-day FD: Special fixed deposit (FD) schemes offer additional interest rates to general and senior citizens compared to what they get in normal FDs. State Bank of India (SBI) offers its highest interest rate among all FDs in Amrit Vrishti Scheme.
SBI 444-day FD vs ICICI Bank 15-month FD vs Central Bank of India 444-day FD: When it comes to return from investments in fixed deposit (FD), investors look for a high interest rate as it will help grow their money faster. Banks, on the other hand, come up with special FD schemes to attract investors. These special FDs offer higher interest rates to general and senior citizens than what they offer in their normal FDs. These FDs are non-callable, allowing investors to withdraw the amount on maturity.
State Bank of India (SBI) offers its highest interest rates among its all FDs in the 444-day Amrit Vrishti Scheme.
Central Bank of India offers its highest interest rates in its 444-day special FD.
ICICI Bank's highest interest rate among its all FDs is in the 15-month FD.
In this write-up, know how much interest rates these three FDs are offering to general and senior citizens and what will be the estimated interest and maturity for general and senior citizens on a Rs 10 lakh investment in each scheme.
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SBI 444-day FD: Interest rate for general citizens
In its special FD, SBI offers 7.25 per cent interest rate to general citizens.
SBI 444-day FD: Interest rate for senior citizens
Senior citizens get 7.75 per cent interest in the SBI Amrit Vrishti scheme.
Central Bank of India 444-day FD: Interest rate for general citizens
The bank offers its highest interest to general citizens among all FDs at 7.45 per cent.
Central Bank of India 444-day FD: Interest rate for senior citizens
Senior citizens get 7.95 per cent interest in the same fixed deposit scheme.
ICICI Bank 15-month FD: Interest rate for general citizens
General citizens get 7.25 per cent interest in the 15-month FD.
ICICI Bank 15-month FD: Interest rate for senior citizens
The interest rate for senior citizens in the 15-month fixed deposit scheme is 7.80 per cent.
SBI 444-day FD: Maturity amount for general citizens on Rs 10 lakh investment
General citizens will get estimated interest of Rs 91,335.39 and estimated maturity of Rs 10,91,335.39 in the special FD.
SBI 444-day FD: Maturity amount for senior citizens on Rs 10 lakh investment
The FD will provide estimated returns of Rs 97,870.42, and the estimated maturity amount of Rs 10,97,870.42 to senior citizens on a Rs 10 lakh investment.
Central Bank of India 444-day FD: Maturity amount for general citizens on Rs 10 lakh investment
The estimated interest on a Rs 10 lakh investment in the 444-day will be Rs 93,945.68, while the estimated maturity will be Rs 10,93,945.68.
Central Bank of India 444-day FD: Maturity amount for senior citizens on Rs 10 lakh investment
The lender offers estimated Rs 100,493.12 interest and estimated 11,00,493.12 maturity to senior citizens.
ICICI Bank 15-month FD: Maturity amount for general citizens on Rs 10 lakh investment
On a Rs 10 lakh investment, the ICICI Bank 15-month FD holder will get estimated Rs 93,970.24 in interest and estimated Rs 10,93,970.24 in maturity.
ICICI Bank 15-month FD: Maturity amount for senior citizens on Rs 10 lakh investment
Senior citizens will get estimated of Rs 1,01,377.37, and the estimated maturity of Rs 11,01,377.37.