SBI 444-day FD vs Bank of Baroda 400-day FD: What will be maturity amounts on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens?

A special fixed deposit (FD) is a type of small savings scheme that offers a higher interest rate for a specific period. The interest rate is higher than a standard FD. It allows individuals to invest a lump sum and let it grow over a fixed period at a fixed interest rate. FD interest rates are unaffected by market fluctuations, so they are suitable for people with a low-risk appetite. 

Anamika Singh | Jan 20, 2025, 12:51 PM IST

A fixed deposit provides guaranteed returns to its investors at a predetermined interest rate. One can invest a lump sum for a specific period, ranging from a short 7 days to a longer 10 years. Special FDs are usually offered for a specific period, and the interest earned on a special FD is higher than a standard FD if the money is not withdrawn for the specified period. Just like State Bank of India’s Amrit Vrishti 444-day fixed deposit (FD) scheme and Bank of Baroda (BoB) 400-day FD. Thus, let’s compare the maturity amounts of Rs 4 lakh and Rs 8 lakh investments for general and senior citizens in these two special FDs.

Photos source: Pixabay/Representational

(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)

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State Bank of India’s Amrit Vrishti 444-day fixed deposit (FD)

State Bank of India’s Amrit Vrishti 444-day fixed deposit (FD)

SBI 444-day FD is also known as the Amrit Vrishti scheme. It offers competitive interest rates for a specific period. The deposit tenure is 444 days. The minimum deposit amount is Rs 1,000, and the interest can be paid out monthly, quarterly, or half-yearly. 

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Bank of Baroda (BoB) 400-day fixed deposit (FD)

Bank of Baroda (BoB) 400-day fixed deposit (FD)

BoB 400-day FD is part of the Bob Utsav Deposit Scheme, which was launched on October 14, 2024. It is a limited-period offer and applies to fixed deposits below Rs 3 crore.

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SBI 444-day FD interest rate for general citizens

SBI 444-day FD interest rate for general citizens

The interest rate is 7.25 per cent for general citizens.

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SBI 444-day FD interest rate for senior citizens

SBI 444-day FD interest rate for senior citizens

The interest rate is 7.75 per cent for senior citizens.

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Bank of Baroda 400-day FD interest rate for general citizens

Bank of Baroda 400-day FD interest rate for general citizens

The interest rate is 7.30 for general citizens.

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Bank of Baroda 400-day FD interest rate for senior citizens

Bank of Baroda 400-day FD interest rate for senior citizens

The interest rate is 7.80 for senior citizens.

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SBI 444-day FD: Maturity amount for general citizens on Rs 4 lakh investment

SBI 444-day FD: Maturity amount for general citizens on Rs 4 lakh investment

The estimated maturity amount will be Rs 4,36,534 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 36,534.

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SBI 444-day FD: Maturity amount for senior citizens on Rs 4 lakh investment

SBI 444-day FD: Maturity amount for senior citizens on Rs 4 lakh investment

The estimated maturity amount will be Rs 4,39,148 in a 444-day fixed deposit for senior citizens. The estimated return will be Rs 39,148.

 

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SBI 444-day FD: Maturity amount for general citizens on Rs 8 lakh investment

SBI 444-day FD: Maturity amount for general citizens on Rs 8 lakh investment

The estimated maturity amount will be Rs 8,73,068 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 73,068.

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SBI 444-day FD: Maturity amount for senior citizens on Rs 8 lakh investment

SBI 444-day FD: Maturity amount for senior citizens on Rs 8 lakh investment

The estimated maturity amount will be Rs 8,78,296 in a 444-day fixed deposit for senior citizens. The estimated return will be Rs 78,296.

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BoB 400-day FD: Maturity amount for general citizens on Rs 4 lakh investment

BoB 400-day FD: Maturity amount for general citizens on Rs 4 lakh investment

The estimated maturity amount will be Rs 4,33,002 in a 400-day fixed deposit for general citizens. The estimated return will be Rs 33,002.

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BoB 400-day FD: Maturity amount for senior citizens on Rs 4 lakh investment

BoB 400-day FD: Maturity amount for senior citizens on Rs 4 lakh investment

The estimated maturity amount will be Rs 4,35,337 in a 400-day fixed deposit for senior citizens. The estimated return will be Rs 35,337.

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BoB 400-day FD: Maturity amount for general citizens on Rs 8 lakh investment

BoB 400-day FD: Maturity amount for general citizens on Rs 8 lakh investment

The estimated maturity amount will be Rs 8,66,004 in a 400-day fixed deposit for general citizens. The estimated return will be Rs 66,004.

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BoB 400-day FD: Maturity amount for senior citizens on Rs 8 lakh investment

BoB 400-day FD: Maturity amount for senior citizens on Rs 8 lakh investment

The estimated maturity amount will be Rs 8,70,674 in a 400-day fixed deposit for senior citizens. The estimated return will be Rs 70,674.

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