interest on FD
Given the daily fluctuations in the stock market, investors are in search of safe returns. In such a situation, investors turn to FD for fixed and secure returns. People consider their savings safe in fixed deposits, hence it is common to invest in FD schemes of different banks with different tenures. If you are also planning to invest money in FD, then this news is for you only. Recently many government banks have launched a special FD scheme of 444 days. Let us tell you about the interest rates available during this period from SBI to Bank of Baroda.
Many banks are now offering special tenure FDs to attract customers, on which more interest is being given than normal FDs. At present, government banks like State Bank of India, Bank of Baroda, Punjab and Sindh Bank, Indian Overseas Bank, Indian Bank and Canara Bank are running this special FD of 444 days.
Interest in SBI-Punjab & Sindh Bank and IOB
SBI is giving 6.60% interest to general customers under its Amrit Vrishti Special FD. This scheme is available for a limited time. Punjab and Sindh Bank is also offering around 6.6% interest on its 444 day FD. Both Indian Bank and Indian Overseas Bank are giving around 6.7% interest on FD of this period.
Interest rate of Canara Bank and Bank of Baroda
Canara Bank is giving around 6.5% interest to general customers. This rate is a bit low, but in terms of security the bank is considered a reliable option. Like SBI, Bank of Baroda has also started this special 444 day FD, in which 6.5% interest is being given.
This special FD scheme of 444 days can become a great option for investors looking for low risk and guaranteed returns. These FDs of reliable banks like SBI, Bank of Baroda are not only completely safe, but are also offering more attractive interest rates as compared to the market. If you want to grow your hard-earned money safely over a fixed period of time, then this 444-day FD is a great opportunity to make your investment portfolio strong and stable.
(Disclaimer- TV9 Hindi does not advise investing in any FD and shares. Before investing, definitely take the opinion of your expert.)