By Admin 
Bank fd of 444 days: Many big government banks of the country are giving good interest on 444 days fixed deposit (FD) scheme. This can be a better investment option for those who want safe and fixed returns. Under this special scheme, bank general, senior and super senior citizens are all paying good interest in different categories.
However, in recent times, their popularity has decreased slightly due to the arrival of equity, mutual funds and other market based investment options, so banks are bringing special FD schemes for limited deadline to encourage more deposits, which provide higher interest rates than normal.
Which can give more profit in investing in which?
Many government banks like State Bank of India (SBI), Bank of Baroda (BOB), Punjab and Sindh Bank, Indian Overseas Bank (IOB), Canara Bank are offering special FD schemes for 444 days. We are going to tell you through the news that which government bank is giving the most returns on this scheme so that you can know in which investment can be a profitable deal. For this, a maturity amount has been detected for investment of Rs 6,66,666 in every scheme.
Check list
- State Bank of India (SBI) has named the scheme as ‘Amrit Vrishti FD’. In this FD scheme of 443 days, interest of 6.60 percent on deposits and 7.10 percent to senior citizens is being given to normal investors.
- On its 444-day FD scheme, Punjab and Sindh Bank is paying interest to its common customers at the rate of 6.7 percent.
- Both Indian Bank and Indian Overseas Bank are paying interest on the amount deposited at the rate of 6.7 percent to the common citizens on their special FD schemes for 444 days.
- Canara Bank is paying interest at the rate of 6.5 percent to the common citizens on its 444 days of FD Schumum.
- Like SBI, Bank of Baroda is also paying interest for normal customers at a rate of 6.6 percent on special FD of 444 days. That is, the maturity amount for ordinary citizens on investment of Rs 6,66,666 in these schemes will be Rs 7,21,923.33. That is, an interest of Rs 55,257.33 has been received on the deposit amount.
- Similarly, Punjab & Sindh Bank, Indian Bank and Indian Overseas Bank are paying interest to ordinary citizens at a rate of 6.7 percent on the FD scheme of 444-days, so the maturity amount on a deposit of Rs 6,66,666 will be around Rs 7,22,787.67. That is, the interest will earn Rs 56,121.67.
- The maturity amount on an investment of Rs 6,66,666 on 444-day FD scheme at Canara Bank will be around Rs 7,21,059.82, out of which Rs 54,393.82 will be earned from interest.
Also read:
If the US company took out of the job, then the life of Harshil Tomar changed like this, fate in 6 months