SBI and IDBI Bank are offering a special FD scheme of 444 days. SBI’s 444 days FD is named Amrit Vrishti and IDBI Bank’s FD is named Utsav. Know here which bank is offering the best interest on 444 days FD.
IDBI Utasav FD vs SBI Amrit Vrishti FD : Most investors consider investing in fixed deposits safe. Recently, after RBI reduced the repo rate, most of the banks have reduced the interest rate on fixed deposits. In such a situation, most of the investors are wondering where to invest? Many banks are running FD schemes for a few days. SBI and IDBI Bank are offering a special FD scheme of 444 days. SBI’s 444 days FD is named Amrit Vrishti and IDBI Bank’s FD is named Utsav. Know here which bank is offering the best interest on 444 days FD.
IDBI Bank Utsav FD
IDBI Bank is offering Utsav FD for 444 days. The bank had cut the interest rate on FD on June 12. You can invest in IDBI Utsav FD till June 30, 2025. The interest rate on FD for general category, NRE, NRO is 6.85% per annum. For senior citizens, the same rate is 7.35%.
How much interest will you get on an investment of Rs 5 lakh?
A general investor will get a total of Rs 5,41,685 on investing Rs 5 lakh for 444 days. That is, a profit of Rs 41,685 from interest. On the other hand, a senior citizen will get an interest of Rs 44,720 on investing Rs 5 lakh.
SBI Amrit Varshi
SBI’s scheme Amrit Vrishti is for 443 days. Here the interest is less than that of IDBI. SBI is offering 6.60 percent interest to the general category on this scheme. At the same time, it is giving 7.10 percent interest to senior citizens.
How much interest will you get on an investment of Rs 5 lakh?
On investing Rs 5 lakh in SBI Bank’s Amrit Vrishti scheme, a general investor gets a total of Rs 5,40,145 on maturity. That is, he will get an interest of Rs 40,145. On the other hand, a senior citizen will get Rs 5,43,230 on investing Rs 5 lakh for 444 days. He will get an interest of Rs 43,230.
Which scheme will give more benefits?
The difference between the two FD schemes is not much, but the interest rate in IDBI Utsav FD scheme is slightly higher. Especially senior citizens are getting good interest. This interest is more than the interest offered by SBI Bank. In this, more interest of Rs 1000 to Rs 1500 is being given. This scheme of IDBI is open till 30 September 2025, so the investor has enough time to invest in it.
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