Fixed Deposit (FD) is quite popular among the people because it gives guaranteed returns. Many FD schemes are being run by private and public banks of the country. In these FD schemes, the customer gets the benefit of high interest. In SBI’s special FD scheme SBI Amrit Vrishti FD, the investor gets a strong interest.
New Delhi. Fixed Deposit (FD) is a secure option for investment. People like this option very much. The number of FD investors is increasing continuously. FD is so popular for investment that the bank launches new FD schemes from time to time.
In these schemes, the investor gets many other benefits along with high interest rates. One of these schemes is also of State Bank of India (SBI). SBI has started Amrit Vrishti FD scheme for investors. In this scheme, the investor gets strong interest.
SBI Amrit Vrishti FD
SBI Amrit Vrishti FD matures in 444 days. In this, general citizens get interest up to 7.25 percent per annum. At the same time, senior citizens get interest of 7.75 percent. Investment can be made in this scheme till 31 March 2025. A maximum of Rs 3 crore can be invested in this scheme.
Maturity tenure – 444 days
Interest rate – 7.25 percent
Maximum investment – Rs 3 crore
FD interest rates of other banks
Apart from State Bank of India, other banks also run various types of FD schemes for their customers. The interest rate offered on this FD scheme is quite different from SBI Amrit Vrishti FD. If you are also thinking of getting an FD, then you should compare the interest rates of all the banks once.
- In Punjab National Bank (PNB), on FDs with a tenure of 400 days, the common citizen gets a maximum interest of 7.30 percent and senior citizens get up to 7.80 percent.
- On FDs with a tenure of 444 days in Canra Bank, the common citizen gets 7.25 percent and senior citizens get up to 7.75 percent interest.
- Union Bank of India: On FDs of 399 days, the bank offers 7.25 percent interest to the common citizen and 7.75 percent interest to senior citizens.
- Bank of Baroda’s BOB Monsoon Dhamaka Deposit Scheme which matures in 399 days. In this, the common citizen is offered a maximum interest of 7.25 percent and senior citizens are offered 7.75 percent interest.
- On the FD of 444 days of Punjab & Sindh Bank, the general public gets a maximum interest of 7.25 percent and senior citizens get a maximum interest of 7.75 percent.
