SBI 2222-day FD vs Central Bank of India 2222-day FD: Which will give higher maturity on Rs 4,44,444, Rs 7,77,777, and Rs 9,99,999 investment?
SBI 2222-day FD vs Central Bank of India 2222-day FD: Fixed deposit schemes provide a fixed interest rate. Investors with a low-risk appetite and requiring guaranteed returns opt for them. Banks launch special FDs for a limited duration and extend the deadline to invest depending on investor interest.
SBI 2222-day FD vs Central Bank of India 2222-day FD: Fixed deposit (FD) is a popular investment tool among investors seeking fixed income and guaranteed returns. Investors make a one-time investment and get interest at a fixed rate at the time of investment. FDs come with durations from 7 days to 10 years. Most senior citizens invest in FDs to get a regular income post retirement. FD investors get the return on maturity, but they can also apply for monthly, quarterly, half-yearly, yearly, and yearly payouts.
Special FDs are also like regular FDs, but they are issued for a limited period. They offer slightly higher interest rates compared to what they offer in regular FDs of nearly similar or slightly higher duration. Special FDs may invest in schemes working for a particular cause.
SBI and Central Bank of India offer a special FD of 2,222-day each. SBI's 2222-day FD is known as SBI Green Rupee Term Deposit, while Central Bank of India's 2222-day FD is known as Cent Green Deposit. Know more about both special FDs, what interest rates they offer to general and senior citizens, and which of them will offer a high maturity on investments of Rs 4,44,444, Rs 7,77,777, and Rs 9,99,999.
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SBI Green Rupee Term Deposit
State Bank of India launched this special FD to mobilise deposits in financing green initiatives. As per RBI guidelines, the amount mobilised under the Green Deposit FDs is used to finance eligible green activities/projects only.
Under the scheme, SBI offers special FDs having durations of 1,111 days, 1,777 days, and 2,222 days.
Cent Green Deposit
Central Bank of India launched the special FD for lending to renewable energy projects, green building projects, and projects in smart agriculture, water or waste management projects, etc.
SBI Green Rupee Term Deposit 2222-day FD: Interest rate for general citizens
General citizens get an interest rate of 6.40 per cent.
SBI Green Rupee Term Deposit 2222-day FD: Interest rate for senior citizens
The interest rate for senior citizens is 7.40 per cent.
Cent Green Deposit 2222-day FD: Interest rate for general citizens
They get 7.25 per cent interest rate.
Cent Green Deposit 2222-day FD: Interest rate for senior citizens
The interest rate for senior citizens is 7.75 per cent.
SBI Green Rupee Term Deposit 2222-day FD: Maturity on Rs 4,44,444 investment for general citizens
Interest= Rs 2,09,715.36
Maturity= Rs 6,54,159.36
SBI Green Rupee Term Deposit 2222-day FD: Maturity on Rs 4,44,444 investment for senior citizens
Interest= Rs 2,50,058.26
Maturity= Rs 6,94,502.26
SBI Green Rupee Term Deposit 2222-day FD: Maturity on Rs 7,77,777 investment for general citizens
Interest= Rs 3,67,001.87
Maturity= Rs 11,44,778.87
SBI Green Rupee Term Deposit 2222-day FD: Maturity on Rs 7,77,777 investment for senior citizens
Interest= Rs 4,37,601.95
Maturity= Rs 12,15,378.95
SBI Green Rupee Term Deposit 2222-day FD: Maturity on Rs 9,99,999 investment for general citizens
Interest= Rs 4,71,859.55
Maturity= Rs 14,71,858.55
SBI Green Rupee Term Deposit 2222-day FD: Maturity on Rs 9,99,999 investment for senior citizens
Interest= Rs 5,62,631.08
Maturity= Rs 15,62,630.08
Cent Green Deposit 2222-day FD: Maturity on Rs 4,44,444 investment for general citizens
Interest= Rs 2,43,858.29
Maturity= Rs 6,88,302.29
Cent Green Deposit 2222-day FD: Maturity on Rs 4,44,444 investment for senior citizens
Interest= Rs 2,64,733.80
Maturity= Rs 7,09,177.80
Cent Green Deposit 2222-day FD: Maturity on Rs 7,77,777 investment for general citizens
Interest= Rs 4,26,752.01
Maturity= Rs 12,04,529.01
Cent Green Deposit 2222-day FD: Maturity on Rs 7,77,777 investment for senior citizens
Interest= Rs 4,63,284.14
Maturity= Rs 12,41,061.14
Cent Green Deposit 2222-day FD: Maturity on Rs 9,99,999 investment for general citizens
Interest= Rs 5,48,681.16
Maturity= Rs 15,48,680.16
Cent Green Deposit 2222-day FD: Maturity on Rs 9,99,999 investment for senior citizens
Interest= Rs 5,95,651.04
Maturity= Rs 15,95,650.04