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.
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.
Also read: SBI FD interest rate up to 7.75%: State Bank of India launches Amrit Vrishti, a limited period FD with higher interest rate
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.Also read: Earn up to 7.9% FD rate: These 3 banks have launched limited period special fixed deposits with higher interest rates
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
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