If you want to invest money in the short term, then the option of FD can prove to be very good for you. Nowadays, many banks have special FD schemes of 400 to 444 days, whose tenure is a little more than 1 year, but in this short period the banks are offering very good interest. Let us tell you how much interest is being given on which FD of which bank.
SBI has a 400-day Amrit Kalash scheme on which common people are getting 7.10% interest and senior citizens are getting 7.60% interest. On the other hand, on the 444-day Amrit Varsha FD, common citizens are getting 7.25% annual interest and senior citizens are getting 7.75% interest.
In PNB, 7.25% interest is being given to the common citizen and 7.75% to the senior citizen and up to 8.05% to the super senior citizen on FDs with a tenure of 400 days.
Talking about Canara Bank, 7.25% interest is being given to the common citizen and up to 7.75% to the senior citizen on FDs of 444 days.
Union Bank of India is giving 7.25% interest to the common citizen and 7.75% interest to the senior citizens on FDs of 399 days.
