Best fixed deposits plans: Among these major banks like SBI, PNB, Canara Bank, Union Bank of India, Bank of Baroda, Punjab and Sindh Bank and Karur Vysya Bank, which are offering the highest interest rates? Banks like SBI has launched a fixed deposit (FD) scheme with special 444 days tenure recently. In this article, we will compare the SBI special FD Amrit Vrishti’s interest rates with the fixed deposits schemes of more than 400 days of other banks.

State Bank of India (SBI) launched its new term deposit scheme called Amrit Vrishti on July 15 last month. Amrit Vrishti is designed to offer competitive interest rates to both domestic and non-resident Indian customers. Now, here’s a comparison of SBI Amrit Vrishti with other banks’ fixed deposits of similar tenors.

Also read: Fixed deposit rates revised: Which banks are offering best interest rates in August 2024?

SBI Amrit Vrishti – 444 days FD rates

SBI Amrit Vrishti offers general customers the highest interest rate of 7.25%. Senior citizens are offered 50 bps extra at 7.75% on the same tenure. SBI Amrit Vrishti scheme will be available till March 31, 2025.

Punjab National Bank (PNB) FD rates

Punjab National Bank offers general citizens an interest rate of 7.25% on FDs of 400-day tenure. On same tenure FD, senior citizens are getting 7.75% interest rate.

Union Bank of India FD rates

Union Bank of India is also offering the same interest rate which SBI and PNB are offering. General citizens are offered 7.25% interest rate and senior citizens 7.75% on 399 days tenure.

Canara Bank 444 days FD rates

On its 444 days fixed deposits, Canara Bank is offering customers same interest rates what SBI is offering – 7.25% for general citizens and 7.75% for senior citizens.

Bank of Baroda FD rates

On its 399 days (bob Monsoon Dhamaka Deposit Scheme) scheme, Bank of Baroda is offering general citizens 7.25% rate and 7.75% for senior citizens.

Punjab & Sindh Bank FD rates

Like other peers, Punjab & Sindh Bank is also offering the interest rate of 7.25% for general citizens and 7.75% for senior citizens on its 444 days tenure fixed deposits. This special FD scheme of the bank is available for subscription till September 30, 2024.

Karur Vysya Bank FD rates

Among all these banks, Karur Vysya Bank has an edge over other major banks when it comes to interest rates offered to customers on 444 days tenure. The bank is offering 7.50% rate to general citizens and 8% to senior citizens on 444 days tenure.