444 Days Fixed Deposit: If you are thinking of investing money in fixed deposit for 444 days? Two big public sector banks of the country, State Bank of India (SBI) and Indian Bank are running 444 days FD scheme. These schemes are for a limited period
444 Days Fixed Deposit: Are you thinking of investing money in a fixed deposit for 444 days ? The country ‘s two big public sector banks, State Bank of India ( SBI) and Indian Bank, are running a 444-day FD scheme. These schemes are for a limited period. Both the interest rate and time of both the banks are fixed . That is , changing the interest rate will not affect your returns. Know here where to invest money for a 444-day FD .
SBI Amrut Vrishti FD – for 444 days
Interest rate
- Senior Citizen – 7.10%
- Others – 6.60%
Maturity Amount
- Rs 2 lakh – Rs 2,17,876 ( senior ), Rs 2,16,577 ( others )
- Rs 3 lakh – Rs 3,26,814 ( senior ), Rs 3,24,866 ( others )
- Rs 4 lakh – Rs 4,35,752 ( senior ), Rs 4,33,154 ( others )
- Rs 5 lakh – Rs 5,44,690 (senior), Rs 5,41,443 (others)
Indian Bank 444 Days FD
Interest rate
- Senior Citizen – 7.20%
- Others – 6.70%
Maturity Amount
- Rs 2 lakh – Rs 2,18,137 ( senior ), Rs 2,16,837 (others)
- Rs 3 lakh – Rs 3,27,205 (senior), Rs 3,25,255 (others)
- Rs 4 lakh – Rs 4,36,273 (senior), Rs 4,33,673 (others)
- Rs 5 lakh – Rs 5,45,342 (senior), Rs 5,42,091 (others)
Which bank is giving more interest
Interest rates are almost same in both the banks, but Indian Bank is giving slightly higher returns in every category.
For example, if a senior citizen invests Rs 5 lakh, he will get Rs 5,44,690 from SBI and Rs 5,45,342 from Indian Bank. This slight difference in interest rate can make a good difference in returns as the amount grows.
Who to choose?
Both schemes are reliable for safe and short term investment . But if your target is to get maximum returns in 444 days , then Indian Bank’s option proves to be slightly better. For those who already have a bank account in SBI , it will be easy for them to choose SBI in terms of convenience , but in terms of interest , Indian Bank is ahead.
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