Up to 8% FD rate: SBI Amrit Vrishti FD interest rate vs other big banks’ 400-day fixed deposits

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.

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

These 4 banks special FDs will end on September 30

1/7

Many big banks including SBI, IDBI Bank, Indian Bank and Punjab & Sindh are offering limited period special fixed deposit with higher interest rates.

Many big banks including SBI, IDBI Bank, Indian Bank and Punjab & Sindh are offering limited period special fixed deposit with higher interest rates.

The last date has been extended to September 30, 2024. Earlier the date was June 30, 2024.

The last date has been extended to September 30, 2024. Earlier the date was June 30, 2024.

IDBI Bank has extended the validity date for special FD deadline to September 30 from June 30, 2024

IDBI Bank has extended the validity date for special FD deadline to September 30 from June 30, 2024

Punjab and Sindh's limited-time special deposits have been extended to September 30, 2024 from June 30, 2024.

Punjab and Sindh's limited-time special deposits have been extended to September 30, 2024 from June 30, 2024.

SBI customers can invest in Amrit Kalash till September 30, 2024.

SBI customers can invest in Amrit Kalash till September 30, 2024.

The scheme has been extended to September 30, 2024.

The scheme has been extended to September 30, 2024.

See More Slideshows