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SBI 444-day FD vs Bank of Baroda 400-day FD: What will be maturity amounts on Rs 6 lakh and Rs 10 lakh investments for general and senior citizens?
- Written by Anamika Singh
Published: Zee Business| Updated: Zee Business
FD offers stable returns with a predetermined interest rate. Investors can invest a lump sum amount for a specific period, ranging from a short 7 days to a longer 10 years. State Bank of India’s Amrit Vrishti is a 444-day fixed deposit (FD) scheme launched on July 15, 2024. Among all SBI FDs, this scheme offers the highest interest rate to senior citizens. On the other hand, Bank of Baroda's 400-day fixed deposit (FD) scheme, called the Bob Utsav deposit scheme, offers higher interest rates for a limited time. In this article, we will find the maturity amounts of Rs 6 lakh and Rs 10 lakh investments in fixed deposits for general and senior citizens.
Photos source: Pixabay/Representational
(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
1/14
What is SBI 444-day FD?
1/14State Bank of India (SBI) 444-day fixed deposit (FD) scheme is also known as the Amrit Vrishti scheme. It offers competitive interest rates for a limited 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.
2/14
What is Bank of Baroda 400-day FD?
2/14Bank of Baroda (BoB) 400-day fixed deposit (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.
3/14
SBI 444-day FD interest rate for general citizens
3/14The interest rate is 7.25 per cent for general citizens.
4/14
SBI 444-day FD interest rate for senior citizens
4/14The interest rate is 7.75 per cent for general citizens.
5/14
Bank of Baroda 400-day FD interest rate for general citizens
5/14The interest rate is 7.30 for general citizens.
6/14
Bank of Baroda 400-day FD interest rate for senior citizens
6/14The interest rate is 7.80 for senior citizens.
7/14
SBI 444-day FD: Maturity amount for general citizens on Rs 6 lakh investment
7/14The estimated maturity amount will be Rs 6,54,801 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 54,801.
8/14
SBI 444-day FD: Maturity amount for senior citizens on Rs 6 lakh investment
8/14The estimated maturity amount will be Rs 6,58,722 in a 444-day fixed deposit for senior citizens. The estimated return will be Rs 58,722.
9/14
SBI 444-day FD: Maturity amount for general citizens on Rs 10 lakh investment
9/14The estimated maturity amount will be Rs 10,91,335 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 91,335.
10/14
SBI 444-day FD: Maturity amount for senior citizens on Rs 10 lakh investment
10/14The estimated maturity amount will be Rs 10,97,870 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 97,870.
11/14
BoB 400-day FD: Maturity amount for general citizens on Rs 6 lakh investment
11/14The estimated maturity amount will be Rs 6,49,503 in a 400-day fixed deposit for general citizens. The estimated return will be Rs 49,503.
12/14
BoB 400-day FD: Maturity amount for senior citizens on Rs 6 lakh investment
12/14The estimated maturity amount will be Rs 6,53,006 in a 400-day fixed deposit for senior citizens. The estimated return will be Rs 53,006.
13/14
BoB 400-day FD: Maturity amount for general citizens on Rs 10 lakh investment
13/14The estimated maturity amount will be Rs 10,82,506 in a 400-day fixed deposit for general citizens. The estimated return will be Rs 82,506.
14/14
BoB 400-day FD: Maturity amount for senior citizens on Rs 10 lakh investment
14/14The estimated maturity amount will be Rs 10,88,343 in a 400-day fixed deposit for senior citizens. The estimated return will be Rs 88,343.
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