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SBI 444-day FD vs Bank of India 400-day FD: What will be maturity amounts on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens?
- Written by Anamika Singh
Published: 4:13 PM, Dec 3, 2024
|Updated: 1:56 AM, Dec 15, 2024
Fixed Deposits (FDs) are a popular investment option for individuals who are looking for low-risk, guaranteed return options. Both State Bank of India (SBI) and Bank of India (BoI) have launched special fixed deposit schemes- SBI’s 444-day FD and BoI’s 400-day FD. These limited-duration schemes are designed to offer attractive interest rates to general investors as well as senior citizens.
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(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)
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What is SBI Amrit Vrishti 444 days FD?
SBI Amrit Vrishti 444 days fixed deposit scheme is a limited-period special FD by State Bank of India. It is designed to provide attractive returns for a specific tenure of 444 days. This scheme provides both senior and general citizens with competitive interest rates higher than rates offered by regular fixed deposits.
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What is Bank of India 400-day FD?
Bank of India has introduced a special 400-day fixed deposit that offers highest interest rate to both senior and general citizens.
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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
The interest rate is 7.75 per cent for general citizens.
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Bank of India 400-day FD interest rate for general citizens
The interest rate is 7.30 per cent for general citizens.
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Bank of India 400-day FD interest rate for senior citizens
The interest rate is 7.80 per cent for senior citizens.
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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
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
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
The estimated maturity amount will be Rs 8,78,296 in a 444-day fixed deposit for general citizens. The estimated return will be Rs 78,296.
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BOI 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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BOI 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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BOI 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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BOI 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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