SBI 2222-Day Green Deposit FD vs Central Bank of India 2222-Day FD: What will you get on Rs 4,44,444 and Rs 7,77,777 investments in these special FD? Know here
SBI 2222-Day Green Rupee Deposit FD vs Central Bank of India 2222-Day FD: Banks start special fixed deposit (FD) schemes for different tenures. These FDs are launched for limited durations and can be callable and non-callable.
SBI 2222-Day Green Rupee Deposit FD vs Central Bank of India 2222-Day FD: A lot of investors seeking guaranteed returns from fixed interest options invest in fixed deposit (FD) schemes. These FDs have fixed durations and provide interest on maturity. Alongside traditional FDs, which can range from 7 days to 10 years of duration, banks also issue special FDs. Such special FDs are issued for limited durations. But banks extend the deadline to invest depending on investor response. Special FDs often offer slightly higher interest rates than traditional FDs of the same bank. Special FDs can be callable and non-callable. State Bank of India and Central Bank of India offer green deposit special FD of 2,222 days each. Know more about these special FDs and what return they offer to general and senior citizens on investments of Rs 4,44,444 and Rs 7,77,777, respectively.
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SBI Green Rupee Term Deposit (SGRTD) special FD
The scheme invests money in environmental and related projects. The scheme offers 3 FDs of different durations: 1111, 1777, and 2222 days.
The interest rates for the 1,111- and 1,777-day FDs are the same, while they are different for the 2,222-day FD.
The minimum investment in the FD is Rs 1,000, while there is no maximum limit.
SBI Green Rupee Term Deposit 2,222-day FD interest rate for general citizens
General citizens get a 6.40 per cent interest rate in the special FD. (Source: SBI official website)
SBI Green Rupee Term Deposit 2,222-day FD interest rate for senior citizens
The interest rate for senior citizens is 7.40 per cent.
Central Bank of India's 2222-day FD
Central Bank of India's 2222-day FD is known as Cent Green Time Deposit Scheme. The FD offers 3 durations: 1,111 days, 2,222 days, and 3,333 days.
The minimum amount is Rs. 50,000, and the maximum amount is Rs 1,99,99,999/.
Central Bank of India's 2222-day FD interest rate for general citizens
The interest rate for general citizens is 7.00 per cent. (Source: Central Bank of India official website)
Central Bank of India's 2222-day FD interest rate for senior citizens
The interest rate for senior citizens in the FD is 7.50 per cent.
SBI Green Rupee Term Deposit 2222-day FD: Maturity for general citizens on Rs 4,44,444 investment
The estimated interest will be Rs 2,09,715.36, and the estimated maturity amount will be Rs 6,54,159.36.
SBI Green Rupee Term Deposit 2222-day FD: Maturity for general citizens on Rs 7,77,777 investment
The estimated interest on this deposit will be Rs 3,67,001.87, and the estimated maturity amount will be Rs 11,44,778.87.
SBI Green Rupee Term Deposit 2222-day FD: Maturity for senior citizens on Rs 4,44,444 investment
Senior citizens will get an estimated return of Rs 2,50,058.26 and an estimated maturity of Rs 6,94,502.26.
SBI Green Rupee Term Deposit 2222-day FD: Maturity for senior citizens on Rs 7,77,777 investment
Senior citizens will get an estimated return of Rs 4,37,601.95 and an estimated maturity of Rs 12,15,378.95.
Central Bank of India's 2222-day FD: Maturity for general citizens on Rs 4,44,444 investment
The estimated interest on this investment will be Rs 2,33,642.79, and the estimated maturity will be Rs 6,78,086.79.
Central Bank of India's 2222-day FD: Maturity for general citizens on Rs 7,77,777 investment
The estimated interest on this investment will be Rs 4,08,874.88, and the estimated maturity will be Rs 11,86,651.88.
Central Bank of India's 2222-day FD: Maturity for senior citizens on Rs 4,44,444 investment
The estimated interest amount on this deposit will be Rs 2,54,221.28, and the estimated maturity amount will be Rs 6,98,665.28.
Central Bank of India's 2222-day FD: Maturity for senior citizens on Rs 7,77,777 investment
Senior citizens will get an estimated interest of Rs 4,44,887.24 and an estimated maturity of Rs 12,22,664.24.