Bank Fixed Deposit Interest Rate: If you are also thinking of making a fixed deposit, then there is useful news for you. The country’s three major banks – State Bank of India (SBI), Bank of Baroda (BoB), and Bank of Maharashtra (BoM) have recently launched special fixed deposit (FD) schemes with attractive interest rates. Let’s know in detail…
SBI’s ‘Amrit Vrishti’ Special FD Scheme –
444 days deposit- 7.25% interest
SBI’s ‘Amrit Vrishti’ scheme offers an attractive interest rate of 7.25% per annum for 444-day deposits effective from July 15, 2024. Senior citizens will get an additional 0.50% interest. Depositors can avail the scheme through various convenient channels including SBI branches, YONO SBI, YONO Lite (mobile banking app), and SBI Internet Banking (INB). The scheme is open for investment till March 31, 2025.
Bank of Baroda Monsoon Dhamaka Special FD Scheme –
333 days- 7.15%
399 days- 7.25%
Bank of Baroda (BoB) has launched the “BoB Monsoon Dhamaka Deposit Scheme”. It offers attractive interest rates starting from 7.15% per annum for 333 days and 7.25% per annum for 399 days. Senior citizens get the benefit of additional interest rates, which increases the returns to 7.90% per annum for 399 days. The scheme is available online and branch-based.
Bank of Maharashtra Special FD Scheme –
200-day deposit-6.9%
400-day deposit-7.10%
666-day deposit 7.15%
777-day deposit 7.25%
Bank of Maharashtra has launched four different deposit schemes with tenures ranging from 200 days to 777 days. It has competitive interest rates that increase with longer tenures. For example, the highest rate for a 777-day deposit is up to 7.25% per annum.
