Latest FD interest rate: State Bank of India (SBI) has recently unveiled a special fixed deposit (FD) called SBI Amrit Vrishti, which provides elevated interest rates for a limited period

Up to 8% FD rate: SBI Amrit Vrishti FD interest rate vs other big banks’ 400-day fixed deposits Let's compare the interest rates for SBI Amrit Vrishti FD with those offered by other banks such as PNB, Canara, Bank of Baroda, and P&S Bank for the same duration

State Bank of India (SBI) has introduced a new special fixed deposit (FD) known as SBI Amrit Vrishti, offering higher interest rates for a limited time. Here is a comparison of the interest rates for SBI Amrit Vrishti FD with other banks like PNB, Canara, Bank of Baroda, and P&S Bank for the same duration. Note that these FD interest rates are for amounts below Rs 3 crore.

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SBI Amrit Vrishti – 444 days

SBI offers the highest interest rate of 7.25% for general citizens on newly launched SBI Amrit Vrishti on 444 days tenure and 7.75% for senior citizens on the same tenure. The scheme is available for investment from July 15, 2024 to March 31, 2025.

Also read: SBI FD interest rate up to 7.75%: State Bank of India launches Amrit Vrishti, a limited period FD with higher interest rate

PNB

Punjab National Bank (PNB) offers the highest interest rate of 7.30% for general citizens and 7.80% for senior citizens on 400 days tenure.

Canara Bank

Canara Bank offers the highest interest rate of 7.25% for general citizens and 7.75% for senior citizens on 444 days tenure.

Also read: Earn up to 7.9% FD rate: These 3 banks have launched limited period special fixed deposits with higher interest rates

Union Bank of India

Union Bank of India offers the highest interest rate of 7.25% for general citizens and 7.75% for senior citizens on 399 days tenure.

Bank of Baroda

Bank of Baroda offers the highest interest rate of 7.25% for general citizens and 7.75% for senior citizens on 399 Days (bob Monsoon Dhamaka Deposit Scheme).

Punjab & Sindh Bank

Punjab & Sindh Bank offers the highest interest rate of 7.25% for general citizens and 7.75% for senior citizens on 444 days tenure. This FD is valid up to September 30, 2024.

Karur Vysya Bank

Karur Vysya Bank offers the highest interest rate of 7.50% for general citizens and 8% for senior citizens on 444 days tenure.

Bank

General Citizens

Senior CItizens

Tenure

SBI

7.25%

7.75%

444 days

PNB

7.30%

7.80%

400 days

Canara bank

7.25%

7.75%

444 days

Union Bank of India

7.25%

7.75%

399 days

Bank of Baroda

7.25%

7.75%

399 days

KVB

7.50

8%

444 days

P&S

7.25%

7.75%

444 days

Source: ET Online



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This story originally appeared on: India Times - Author:Faqs of Insurances