After the cut in repo rate by the Reserve Bank of India (RBI), most banks have cut the interest on FD (Fixed Deposit). However, many banks are still offering great interest on special FDs. If you also want to get more return on your hard-earned money and are looking for a safe investment, then a 444-day FD can be a great option. Big banks like State Bank of India (SBI), Indian Bank, Bank of Baroda, and Canara Bank are giving a golden opportunity to invest in FD during this special period.
These banks are giving more interest on this special FD than normal fixed deposit. So let’s know that if you are thinking of doing a 444 day FD, then where to do it and which bank is giving the highest interest. This information will prove to be very helpful in improving your investment decision.
‘Amrit Vrishti’ scheme in SBI
State Bank of India (SBI) has launched a special FD scheme of 444 days, named ‘Amrit Vrishti’. On this 444-day special FD, common citizens are being given interest at the rate of 6.85% per annum. At the same time, for senior citizens, the bank is giving interest at the rate of 7.35% per annum on Amrit Vrishti, and for super senior citizens (80 years and above), the bank is giving interest at the rate of 7.45% per annum. This scheme is especially for those who want a safe investment with fixed returns.
Canara Bank’s 444-day FD
Canara Bank is giving interest at the rate of 7.25% per annum to common citizens on 444 day FD for an amount less than Rs 3 crore. At the same time, senior citizens are being given interest at the rate of 7.75% per annum. This scheme of Canara Bank is very beneficial for those investors who want to get high interest rates by investing for the medium term.
Bank of Baroda’s Square Drive Deposit Scheme
Bank of Baroda is running a 444-day FD named ‘Square Drive Deposit Scheme’. On this special FD, common citizens are being given interest at the rate of 7.10% per annum. At the same time, senior citizens can get interest at the rate of 7.60%, while super senior citizens (80 years and above) can get interest at the rate of 7.70% per annum. This scheme of Bank of Baroda offers competitive interest rates to its customers, which makes it an attractive option.
Indian Bank’s IND SECURE FD
Indian Bank is running a special FD scheme named ‘IND SECURE’ with a period of 444 days. Under this scheme, ordinary citizens can get interest at the rate of 7.15% per annum, while senior citizens can get interest at the rate of 7.65%. Super Citizens (aged 80 years and above) can get interest at a fantastic rate of 7.90% per annum. This makes Indian Bank the highest interest-paying option for super senior citizens, a priceless opportunity for them.