400 Day FD Schemes: How much you can invest in the 400-day FD schemes of two banks, Bank of Baroda and Punjab National Bank, and how much you can earn. Here you can see which one has the highest interest rate.
400 Day FD Schemes: Fixed Deposit Scheme is a good feature for short-term investors. There are schemes with different tenures like 1 year, 2 years, 400 days. The interest rate for these also varies. In that way, you can see how much is available for ordinary customers and senior citizens here.
First, let’s look at Bank of Baroda’s BoB Utsav scheme. This FD scheme offers an interest rate of 7.30% to ordinary customers. It is a 400-day FD scheme.
In this, if you invest Rs 2 lakh, you will get Rs 2,16,740 at the end of 400 days. Similarly, if you invest Rs 4 lakh, you will get Rs 4,33,479 at the end. Similarly, if you invest Rs 6 lakh, you will get Rs 6,50,219.
This Bank of Baroda Utsav FD scheme offers an interest rate of 7.80% to senior citizens.
Senior citizens who invest Rs 2 lakh in this will get Rs 2,17,925 at the end of 400 days. Those who invest Rs 4 lakh will get Rs 4,35,850 at the end. Those who invest Rs 6 lakh will get Rs 6,53,774.
Currently, Punjab National Bank offers an interest rate of 7.25% on its 400-day fixed deposit scheme.
If you invest Rs 2 lakh in this FD scheme of Punjab National Bank, you will get Rs 2,16,621.
If you invest Rs 4 lakh, you will get Rs 4,33,243. At the same time, if you invest Rs 6 lakh, you will get Rs 6,49,864.
Senior citizens are offered an interest rate of 7.75% on Punjab National Bank’s 400-day FD plan.
If you invest Rs 2 lakh in this, you will get Rs 2,17,806. If you invest Rs 4 lakh, you will get Rs 4,35,612. At the same time, if you invest Rs 6 lakh, you will get Rs 6,53,418.
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