SBI 444-day FD vs Central Bank of India 444-day FD: Which will give more interest on Rs 2.5 lakh, Rs 5 lakh, and Rs 7.5 lakh investments; know here

State Bank of India (SBI) and Central Bank of India both run FDs of 444 days. SBI's 444-day FD, also known as Amrit Vrishti, also offers the highest interest rate among all SBI FDs. Central Bank of India's 444-day FD is known as Cent Super Time Deposit, and comes with callable and non-callable options. Know which of them offer higher interest rates to general and senior citizens and which of the 2 FDs will give a higher return on investments of Rs 2.50 lakh, Rs 5 lakh, and Rs 7.50 lakh.  

The interest rate for general citizens is 7.25 per cent. (As per Paisabazaar.com) 

Senior citizens get 7.75 per cent interest rate in the SBI FD.

The bank offers callable and non-callable 444-day FD. In callable, general citizens get 7.45 per cent interest rate.  In the non-callable category, they get 7.60 per cent interest rate. 

For the callable FD, Interest rate for senior citizens in the 444-day FD is 7.95 per cent. In the non-callable 444-day FD, senior citizens get 8.10 per cent interest rate.

On investing Rs 2.50 lakh, the estimated interest will be Rs 22,833.85 and the estimated maturity will be Rs 2,72,833.85. 

Senior citizens will get estimated interest of Rs 24,467.60 and estimated Rs 2,74,467.60 in maturity. 

In investing Rs 5 lakh, general citizens will get estimated interest of Rs 45,667.69 and the estimated maturity amount of Rs 5,45,667.69.

On investing Rs 5 lakh, senior citizens will get estimated Rs 48,935.21 in return and estimated Rs 5,48,935.21 in maturity.

A Rs 7.50 lakh investment will help general citizens get Rs 68,501.54 in interest and estimated Rs 8,18,501.54 in maturity. Senior citizens will get estimated Rs 73,402.81 in interest and estimated Rs 8,23,402.81 in maturity.  

We are calculating for non-callable category.  The estimated interest for general citizens on investing Rs 2.50 lakh will be Rs 23,976.66. The estimated maturity will be Rs 2,73,976.66.

For senior citizens, estimated return on Rs 2.50 lakh investment will be Rs 25,615.85, while the estimated maturity will be Rs 2,75,615.85.

On investing Rs 5 lakh, general citizens will get estimated Rs 47,953.33 in interest and estimated Rs 5,47,953.33 in maturity. A Rs 5 lakh investment in the 444-day FD will help senior citizens get estimated return of Rs 51,231.71 and the estimated maturity of Rs 5,51,231.71.  

The estimated interest on Rs 7.50 lakh investment will be Rs 71,929.99 and the estimated maturity will be Rs 8,21,929.99. Senior citizens will get estimated interest of Rs 76,847.56 and the estimated maturity of Rs 8,26,847.56.