SBI 444-day FD vs Bank of India 400-day FD Calculator: What will be maturity amounts on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens?
State Bank of India’s Amrit Vrishti is a 444-day fixed deposit (FD) scheme launched on July 15, 2024. Among all SBI FDs, this scheme offers the highest interest rate to senior citizens. On the other hand, Bank of India's 400-day fixed deposit (FD) scheme offers highest rate to senior citizens than other banks FDs. Here, we will find out the maturity amounts of Rs 4 lakh and Rs 8 lakh investments in fixed deposits for general and senior citizens.
Fixed Deposits (FDs) are a popular investment option for individuals who are looking for low-risk, guaranteed return options. Both State Bank of India (SBI) and Bank of India (BoI) have launched special fixed deposit schemes- SBI’s 444-day FD and BoI’s 400-day FD. These limited-duration schemes are designed to offer attractive interest rates to general investors as well as senior citizens.
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(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
What is SBI Amrit Vrishti 444 days FD?
SBI Amrit Vrishti 444 days fixed deposit scheme is a limited-period special FD by State Bank of India. It is designed to provide attractive returns for a specific tenure of 444 days. This scheme provides both senior and general citizens with competitive interest rates higher than rates offered by regular fixed deposits.
What is Bank of India 400-day FD?
Bank of India has introduced a special 400-day fixed deposit that offers highest interest rate to both senior and general citizens.
SBI 444-day FD interest rate for general citizens
The interest rate is 7.25 per cent for general citizens.
SBI 444-day FD interest rate for senior citizens
The interest rate is 7.75 per cent for general citizens.
Bank of India 400-day FD interest rate for general citizens
The interest rate is 7.30 per cent for general citizens.
Bank of India 400-day FD interest rate for senior citizens
The interest rate is 7.80 per cent for senior citizens.
SBI 444-day FD: Maturity amount for general citizens on Rs 4 lakh investment
The estimated maturity amount will be Rs 4,36,534 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 36,534.
SBI 444-day FD: Maturity amount for senior citizens on Rs 4 lakh investment
The estimated maturity amount will be Rs 4,39,148 in a 444-day fixed deposit for senior citizens. The estimated return will be Rs 39,148.
SBI 444-day FD: Maturity amount for general citizens on Rs 8 lakh investment
The estimated maturity amount will be Rs 8,73,068 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 73,068.
SBI 444-day FD: Maturity amount for senior citizens on Rs 8 lakh investment
The estimated maturity amount will be Rs 8,78,296 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 78,296.
BOI 400-day FD: Maturity amount for general citizens on Rs 4 lakh investment
The estimated maturity amount will be Rs 4,33,002 in a 400-day fixed deposit for general citizens. The estimated return will be Rs 33,002.
BOI 400-day FD: Maturity amount for senior citizens on Rs 4 lakh investment
The estimated maturity amount will be Rs 4,35,337 in a 400-day fixed deposit for senior citizens. The estimated return will be Rs 35,337.
BOI 400-day FD: Maturity amount for general citizens on Rs 8 lakh investment
The estimated maturity amount will be Rs 8,66,004 in a 400-day fixed deposit for general citizens. The estimated return will be Rs 66,004.
BOI 400-day FD: Maturity amount for senior citizens on Rs 8 lakh investment
The estimated maturity amount will be Rs 8,70,674 in a 400-day fixed deposit for senior citizens. The estimated return will be Rs 70,674.