Fd news: Most banks have reduced interest on FD after the repo rate cut by the Reserve Bank of India (RBI). However, many banks are still paying excellent interest on special FDs. SBI, Indian Bank, Bank of Baroda and Canara Bank are giving an opportunity to invest in 444 days FD. Banks are paying more interest than common fixed deposits on this spacle FD. Let us know that if you are thinking of doing 444 days FD, then where to do and which bank is paying the most interest.
FD scheme named Amrit Vrishti in SBI
There is a 444 -day special FD scheme under the name Amrit Vrishti in SBI. On this 444-day special FD, ordinary citizens are being given an interest rate of 6.85% per year. For senior citizens, the bank is providing 7.35% per year on Amrit Vrishti and for super senior citizens (80 years and over), the bank is providing 7.45% per year interest rate.
Canara Bank’s 444-day FD
Canara Bank is paying interest to the common citizens at a rate of 7.25% per year on 444-day FD for an amount of less than Rs 3 crore. At the same time, interest is being given to senior citizens at the rate of 7.75% per year.
Bank of Baroda’s Square Drive Deposit Scheme
The Bank of Baroda is running 444 days in the name of Square Drive Deposit Scheme. Interest is being paid at the rate of 7.10% per year on this special FD. At the same time, the senior citizen is being given interest at the rate of 7.60%, while the super senior citizens (80 years and above) are being paid interest at the rate of 7.70% per year.
Indian Bank’s IND Secure FD
Indian Bank is running a special FD scheme called Ind Secure with a period of 444 days. Under this scheme, ordinary citizens can get an interest rate of 7.15% per year, while senior citizens can get interest at a rate of 7.65%. At the same time, super citizens (80 years and above) can get interest at the rate of 7.90% per year.
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