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.
Read More: Cheapest Home Loans below 9% – Check the latest interest rates
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.
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.
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
