If you are looking for a secure opportunity to invest, then this article is for you. Fixed deposit (FD) comes in as a secure option for investment. People like this option very much. The number of FD investors is increasing steadily. FD is so popular for investment that the bank launches new FD schemes from time to time. In these schemes, the investor gets many more benefits along with a higher interest rate. One of these schemes is also of the State Bank of India (SBI). SBI has launched the Amrit Vrishti FD Scheme for investors. In this scheme, the investor gets strong interest.
SBI Amrit Vrishti FD
SBI Amrit Vrishti FD matures in 444 days. In this, ordinary citizens get interest up to 7.25 percent annually. Senior citizens get 7.75 percent interest. One can invest in this scheme till 31 March 2025. You can invest a maximum of Rs 3 crore in this scheme.
Maturity Tenure: 444 days
Interest rate: 7.25 percent
Maximum investment: Rs 3 crore.
FD interest rate of the rest of the banks
Apart from the State Bank of India, other banks also run many types of FD schemes for their customers. The interest rate available on this FD scheme is quite different from SBI Amrit Vrishti FD. If you are thinking of getting FD done, then you should compare the interest rates of all the banks once.
Punjab National Bank (PNB) offers a maximum interest rate of up to 7.30 percent for the general citizen and up to 7.80 percent for senior citizens on an FD with a tenure of 400 days.
On Canara Bank’s FD of 444 days, the general public gets 7.25 percent and senior citizens get up to 7.75 percent.
Union Bank of India offers an interest rate of 7.25 percent to the general public and 7.75 percent to senior citizens on an FD of 399 days.
Bank of Baroda’s bob Monsoon Dhamaka deposit scheme is maturing in 399 days. The maximum interest rate is offered to general citizens at 7.25 percent and 7.75 percent to senior citizens.
Punjab & Sind Bank’s FD of 444 days also gets a maximum interest of 7.25 percent for the general citizen and 7.75 percent for senior citizens.