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Special FD: SBI 444-day FD or Central Bank of India 444-day FD? Which can provide higher maturity on Rs 5,00,000, Rs 7,00,000 & Rs 10,00,000 deposits?
- Written by Shriti Aniraj
Published: Zee Business| Updated: Zee Business
A Fixed Deposit (FD) is a secure investment where banks offer fixed interest rates for a specified tenure. SBI and Central Bank of India both provide a 444-day FD scheme, but which one offers better returns? This article compares their interest rates and maturity values for deposits of Rs 5 lakh, Rs 7 lakh and Rs 10 lakh.
(Disclaimer: This is not an investment advice. Do your own due diligence or consult an expert for financial planning)
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SBI FD interest rates
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SBI offers 3.50%-7.25% p.a. for the general public.
Senior citizens get 4.00%-7.75% p.a.
SBI Tax Saving FD: 6.50% p.a. (General), 7.50% p.a. (Senior Citizens).
SBI also provides FD options for NRIs, including NRO, NRE, RFC, and FCNR (B) deposits.
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SBI 444-Day FD interest rate
2/11Interest rate: 7.25% p.a.
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SBI FD maturity for Rs 5 lakh
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Investment: Rs 5,00,000
Maturity Value: Rs 5,45,667.69
Interest Earned: Rs 45,667.69
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SBI FD maturity for Rs 7 lakh
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Investment: Rs 7,00,000
Maturity Value: Rs 7,63,934.77
Interest Earned: Rs 63,934.77
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SBI FD maturity for Rs 10 lakh
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Investment: Rs 10,00,000
Maturity Value: Rs 10,91,335.39
Interest Earned: Rs 91,335.39
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Central Bank of India FD interest rates
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General public: 3.50%-7.50% p.a.
Senior citizens: 4.00%-8.00% p.a.
Tax Saving FD: 6.75% p.a. (General), 7.25% p.a. (Senior Citizens).
NRI deposit options include NRE, RFC, and FCNR (B) deposits.
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Central Bank of India 444-Day FD interest rate
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Interest rate: 7.45% p.a.
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Central Bank of India FD maturity for Rs 5 lakh
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Investment: Rs 5,00,000
Maturity Value: Rs 5,46,972.84
Interest Earned: Rs 46,972.84
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Central Bank of India FD maturity for Rs 7 lakh
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Investment: Rs 7,00,000
Maturity Value: Rs 7,65,761.98
Interest Earned: Rs 65,761.98
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Central Bank of India FD maturity for Rs 10 lakh
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Investment: Rs 10,00,000
Maturity Value: Rs 10,93,945.68
Interest Earned: Rs 93,945.68
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SBI 444-Day FD vs Central Bank of India FD: Which FD offers higher returns?
11/11Central Bank of India’s 444-day FD (7.45%) offers slightly higher maturity than SBI’s 444-day FD (7.25%). If maximising returns is your priority, Central Bank of India FD gives better interest earnings on all deposit amounts.
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