SBI vs BOB: 2 big government banks of the country are offering FD of 444 days. Bank of Baroda has launched a new fixed deposit scheme. The name of this new FD is bob Square Drive Deposit Scheme. This new scheme has a period of 444 days
SBI vs BOB: 2 big government banks of the country are offering FD of 444 days. Bank of Baroda has launched a new fixed deposit scheme. The name of this new FD is bob Square Drive Deposit Scheme. This new scheme has a period of 444 days. At the same time, SBI has reduced the interest on the already running 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 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.
- General citizens will get 7.15% per annum
- Senior citizens will get 7.65% per annum
- Super senior citizens will get 7.75% per annum interest
SBI’s Amrit Vrishti Scheme – 444 days 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 has also been reduced on the special FD of 444 days running with it. These new rates are applicable 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% to senior citizens and 7.85% annual interest to super senior citizens above the age of 80 years. Now from April 15, 2025, general customers will get 7.05%, senior citizens will get 7.55% and super senior citizens above the age of 80 years will get 7.65% annual interest on this FD. SBI has reduced the interest on this FD by 0.20 percent.
- 7.05% to general customers
- 7.55% to senior citizens
- Super senior citizens above the age of 80 years will get 7.65% annual interest.
What is SBI Amrit Vrishti Scheme?
This is a term deposit scheme, which has a period of 444 days. That is, 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. The scheme will be automatically implemented if a 444-day period is selected.
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