SBI 444-day FD vs BoB 400-day FD: Know what you can get on maturity of Rs 2,00,000, Rs 3,00,000 and Rs 4,00,000 investments in these special FD schemes? Calculations inside
SBi Amrit Vrishti Scheme: SBI provides a 444-day special FD scheme named Amrit Vrishti. The last date to apply for this scheme is March 31, 2025.
Banks also offer special FD schemes which provide higher interest rates than standard FDs. These FDs are available for limited periods and may provide better interest rates to senior citizens. The special FD tenures vary from bank to bank. You can also use these FD schemes for regular income.
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PSU banks' special FD schemes
In this article, we will compare two PSU banks' special FD schemes. These include SBI's Amrit Vrishti scheme and Bank of Baroda's BoB Utsav scheme. Let's calculate the maturity amount on Rs 2 lakh and Rs 3 lakh investments.
SBI Amrit Vrishti Scheme
SBI provides a 444-day special FD scheme named Amrit Vrishti. The last date to apply for this scheme is March 31, 2025.
BoB Utsav scheme
BoB provides a 400-day special FD scheme named BoB Utsav.
Amrit Vrishti interest rate
SBI provides 7.25 per cent interest rate to general citizens on this FD scheme while senior citizens get 7.75 per cent interest rate.
BoB Utsav interest rate
BoB provides 7.30 per cent interest rate to general citizens on this FD scheme while senior citizens get 7.80 per cent interest rate.
Maturity amount of Rs 2 lakh investment in Amrit Vrishti scheme
If a senior citizen invests Rs 2 lakh in the SBI Amrit Vrishti scheme, they will get Rs 2,19,859 on maturity while general citizens will get Rs 2,18,532.
Maturity amount of Rs 3 lakh investment in Amrit Vrishti scheme
If a senior citizen invests Rs 3 lakh in the SBI Amrit Vrishti scheme, they will get Rs 2,18,532 on maturity while general citizens will get Rs 3,27,798.
Maturity amount of Rs 4 lakh investment in Amrit Vrishti scheme
If a senior citizen invests Rs 4 lakh in the SBI Amrit Vrishti scheme, they will get Rs 4,39,718 on maturity while general citizens will get Rs 4,37,064.
Maturity amount of Rs 2 lakh investment in BoB Utsav scheme
If a senior citizen invests Rs 2 lakh in the BoB Utsav scheme, they will get Rs 2,17,158.37 on maturity while general citizens will get Rs 2,16,054.81.
Maturity amount of Rs 3 lakh investment in BoB Utsav scheme
If a senior citizen invests Rs 3 lakh in the BoB Utsav scheme, they will get Rs 3,25,737.56 on maturity while general citizens will get Rs 3,24,082.21.
Maturity amount of Rs 4 lakh investment in BoB Utsav scheme
If a senior citizen invests Rs 4 lakh in the BoB Utsav scheme, they will get Rs 4,34,316.75 on maturity while general citizens will get Rs 4,32,109.62.