SBI Green 1777-Day Special FD vs HDFC Bank 55-month Special FD: How much general and senior citizens get on Rs 4.5 lakh and Rs 9 lakh investments in each special FD; know here
SBI Green Rupee Term Deposit 1777 vs HDFC Bank 55-month FD: Special FDs are non-callable fixed deposit schemes (FDs), where investors can withdraw amount only on maturity. Investors get extra interest rates on these FDs compared to what they get in traditional bank FD schemes. Among its many special FDs, State Bank of India (SBI) also runs 1777-day SBI Green Rupee Term Deposit scheme. On the other, HDFC Bank runs a special FD for 55 months.
SBI Green Rupee Term Deposit 1777 vs HDFC Bank 55-month FD: Special FDs attract a lot of investors since they offer additional interest rates to investors compared to what they offer in traditional FDs. Special FDs are non-callable and because of it, investors can withdraw money from such guaranteed return schemes only on maturity. Investors who can wait till that time can invest in special FDs. All leading private and public sector banks run multiple special FDs. Among its many special FDs, State Bank of India (SBI) also runs the 1777-day Green Rupee Term Deposit scheme. Its biggest counterpart private sector bank, HDFC Bank, on the other hand, runs a special FD for 55 months (4 months, 7 years, 1 day). In this write-up, know what these two special FDs are offering to general and senior citizens, and what will be maturity amounts for either of them if they invest Rs 4.50 lakh and Rs 9 lakh in the 1777-day SBI Green Term Deposit and HDFC Bank 55-month FD schemes.
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What is SBI Green Rupee Term Deposit 1777?
It has three special FD schemes under its umbrella- 1111 days, 1777 days, 2222 days. One can invest a minimum of Rs 1,000 in either of the FD, while there is no maximum limit.
SBI Green Rupee Term Deposit 1777 interest rate for general citizens
General citizens get 6.65 per cent interest rate each in its 1111 days, and 1777 days FDs. In the 2222-day FD, the interest rate is 6.40 per cent.
SBI Green Rupee Term Deposit 1777 interest rate for senior citizens
Senior citizens get 7.15 per cent interest rate each in its 1111 days, and 1777 days FDs. In the 2222-day FD, the interest rate for them is 7.40 per cent.
HDFC Bank 55-month FD interest rate for general citizens
The interest rate in its 55-month FD (4 years, 7 months, 1 day) is 7.40 per cent.
HDFC Bank 55-month FD interest rate for senior citizens
The interest rate for senior citizens in this HDFC Bank special FD is 7.90 per cent.
SBI Green Rupee Term Deposit 1777: Maturity for general citizens on Rs 4.5 lakh investment
General citizens will get estimated interest of Rs 1,70,385.23, and estimated maturity of Rs 6,20,385.23, on a Rs 4.50 lakh investment.
SBI Green Rupee Term Deposit 1777: Maturity for general citizens on Rs 9 lakh investment
General citizens will get estimated interest amount of Rs 340770.5, and the estimated maturity of Rs 12,40,770.46 on investing Rs 9 lakh.
SBI Green Rupee Term Deposit 1777: Maturity for senior citizens on Rs 4.5 lakh investment
Senior citizens, on the other hand, will get estimated interest of Rs 1,85,409.90 and the estimated maturity of Rs 6,35,409.90 on a Rs 4.50 lakh investment.
SBI Green Rupee Term Deposit 1777: Maturity for senior citizens on Rs 9 lakh investment
The estimated interest on a Rs 9 lakh investment is Rs 3,70,819.81, and the estimated maturity will be Rs 12,70,819.81.
HDFC Bank 55-month FD: Maturity for general citizens on Rs 4.5 lakh investment
General citizens will get estimated interest of Rs 1,79,745.09, and the estimated maturity of Rs 6,29,745.09 in the 55-month FD.
HDFC Bank 55-month FD: Maturity for general citizens on Rs 9 lakh investment
The estimated interest on a Rs 9 lakh investment will be Rs 3,59,490.18, while the estimated maturity will be Rs 12,59,490.18.
HDFC Bank 55-month FD: Maturity for senior citizens on Rs 4.5 lakh investment
The estimated interest on a Rs 4.5 lakh investment, the estimated interest will be Rs 1,94,066.34, and the estimated maturity is 6,44,066.34.
HDFC Bank 55-month FD: Maturity for senior citizens on Rs 9 lakh investment
Senior citizens will get estimated interest of Rs 3,88,132.68, and the estimated maturity will be Rs 12,88,132.68.