FD Rates : In July, many major banks including State Bank of India (SBI), Bank of Baroda and Bank of Maharashtra have launched special FD schemes with high interest rates. Bank of Baroda has launched Monsoon Dhamaka FD scheme. SBI has also launched a new FD scheme. Let’s know about these special FD schemes..
SBI Special FD – Amrit Vrishti
State Bank of India (SBI) has launched a new limited period deposit scheme named Amrit Vrishti. This is an FD scheme that offers higher interest. Amrit Vrishti scheme is offering 7.25% per annum interest to general citizens on deposits of 444 days. Senior citizens are getting the same interest rate of 7.75%. This scheme is valid till 31 March 2025. The new scheme will be effective from 15 July 2024.
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Bank Of Maharashtra
Bank of Maharashtra has launched four FD schemes with different tenures. The bank is offering 200 days, 400 days, 666 days, and 777 days FDs. The bank is offering 6.9 percent interest for 200-day deposits, 7.10 percent for 400-day deposits, 7.15 percent for 666-day deposits, and 7.25 percent for 777-day deposits.
Bank of Baroda – Monsoon Dhamaka Scheme
Bank of Baroda has launched a new special FD scheme with higher interest rates. The new FD has been named Monsoon Dhamaka Deposit Scheme. The bank has also revised its regular FD scheme. Bank of Baroda is offering high interest FDs of 333 days and 399 days. At the same time, it is offering 7.15% interest on 333 days FD. Senior citizens will get 7.75% per annum for 399 days and 7.65% annual interest. BOB Monsoon Dhamaka FD is offering a maximum annual interest of 7.90% for 399 days. This scheme has started from 15 July 2024. These interest rates are applicable on retail deposits of less than Rs 3 crore.
