SBI 444-Day FD vs PNB 400-Day FD: Which Yields Higher Returns on Rs.3.5 Lakh and ₹7 Lakh Investments?

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SBI 444-Day FD vs PNB 400-Day FD: Which Yields Higher Returns on ₹3.5 Lakh and ₹7 Lakh Investments?

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Special fixed deposit schemes from SBI and PNB promise competitive returns for general and senior citizens. 

Investors seeking higher returns than regular fixed deposits often turn to special FD schemes offered by banks. Among these, State Bank of India (SBI) and Punjab National Bank (PNB) have introduced attractive options: SBI’s 444-day Amrit Vrishti FD and PNB’s 400-day Special FD. Both schemes cater to general and senior citizens, offering competitive interest rates and promising solid returns. This article compares the maturity amounts for investments of ₹3.5 lakh and ₹7 lakh under these special FD schemes, helping you decide which one aligns with your financial goals. Here’s a comparison of what you can earn on your investment.

SBI 444-Day Amrit Vrishti FD

General Citizens: 

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₹3.5 Lakh Investment: Estimated interest ₹31,967.38, maturity ₹3,81,967.38.

₹7 Lakh Investment: Estimated interest ₹63,934.77, maturity ₹7,63,934.77.

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Senior Citizens: 

₹3.5 Lakh Investment: Estimated interest ₹34,254.65, maturity ₹3,84,254.65.

₹7 Lakh Investment: Estimated interest ₹68,509.29, maturity ₹7,68,509.29.

PNB 400-Day Special FD

General Citizens: 

₹3.5 Lakh Investment: Estimated interest ₹28,673.27, maturity ₹3,78,673.27.

₹7 Lakh Investment: Estimated interest ₹57,346.55, maturity ₹7,57,346.55.

Senior Citizens: 

₹3.5 Lakh Investment: Estimated interest ₹30,715.49, maturity ₹3,80,715.49.

₹7 Lakh Investment: Estimated interest ₹61,430.99, maturity ₹7,61,430.99.

For both general and senior citizens, SBI’s 444-day Amrit Vrishti FD offers higher returns compared to PNB’s 400-day special FD. However, PNB’s scheme provides an additional advantage for super senior citizens with a higher interest rate of 8.05%.

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