The country’s two major government banks are offering 444-day FDs. Bank of Baroda has launched a new fixed deposit scheme. The name of this new FD is BoB Square Drive Deposit Scheme. The tenure of this new scheme is 444 days. Along with this, SBI has reduced the interest on its existing Amrit Vrishti Scheme FD Scheme. Know here which scheme will make you rich quickly?
Interest rate in BOB Square Drive Deposit Scheme
Now Bank of Baroda has launched an FD in the name of BOB Square Drive Deposit Scheme. In this scheme of Bank of Baroda, you can invest a maximum of less than Rs 3 crore.
Let us tell you that here ordinary citizens will get 7.15% interest per year, senior citizens will get 7.65% interest per year and super senior citizens will get 7.75% interest per year.
SBI’s Amrit Vrishti Scheme – 444-day scheme
State Bank of India (SBI) launched Amrit Vrishti FD last year. The bank has also reduced the interest rate on its special FD Amrit Vrishti by 0.20 percent. SBI had discontinued its existing special FD Amrit Kalash in early April. Now the interest rate on the 444-day special FD that runs with it has also been reduced. These new rates are effective from April 15, 2025.
SBI’s Amrit Vrishti FD
Amrit Vrishti FD scheme is a special FD scheme of 444 days. Till now, 7.25% interest was being given to general customers, 7.75% interest to senior citizens and 7.85% annual interest to super senior citizens above 80 years of age. Now from April 15, 2025, general customers will get 7.05% interest on this FD, 7.55% interest to senior citizens and 7.65% annual interest to super senior citizens above 80 years of age. SBI has reduced the interest on this FD by 0.20 percent.
Here, general customers will get 7.05% interest, senior citizens will get 7.55%, and super senior citizens above 80 years of age will get 7.65% annual interest.
What is SBI’s Amrit Vrishti Scheme?
This is a term deposit scheme, which has a tenure of 444 days. That is, the money will be invested in it for 444 days. Domestic and NRI customers can take advantage of this scheme.
How to invest?
Customers can invest through SBI branches, YONO SBI and YONO Lite mobile apps or internet banking. This plan will be automatically activated if the tenure of 444 days is selected.
Related Articles:-
