High FD Interest Rate: People like to invest in FD (Fixed Deposit) because money remains safe in it. Let us tell you, government banks are giving good returns on deposits to the customers, but if you are confused about which government bank to invest your money in, then this news will clear your confusion.
Let us tell you, at present State Bank of India (SBI) and Bank of Baroda are providing the facility of FD with high interest rate to the customers. So before investing anywhere, you must check the latest interest rates-
Most people consider FD (Fixed Deposit) as the best investment option. Actually, by investing in FD, the money remains safe and at the same time you also get fixed interest on it at fixed time. And the best thing is that no matter what the market condition is, your interest rate (High FD Interest Rate) will never get reduced.
Often people like to invest in FD of government banks but remain confused as to which bank to invest in? If you are also thinking of investing in FD, then today in this news we will tell you about the best fixed deposit facility of State Bank of India and Bank of Baroda. Let us check where you will get more benefit.
SBI Green Term Deposit Scheme
Senior citizens are getting the benefit of higher interest in the Green Deposit Scheme (SBI Green Deposit Scheme). Senior citizens are getting interest at the rate of 7.15 percent on deposits with tenure of 1111 days and 1777 days. At the same time, interest at the rate of 7.40 percent will be available on deposits with a tenure of 2222 days. Common citizens are getting the benefit of interest at the rate of 6.65 percent on FDs of 1111 days and 1777 days. At the same time, interest is being given at the rate of 6.40 percent on retail deposits maturing in a period of 2222 days.
Who can take advantage of the scheme?
Residents, Non-Individuals and NRI Customers are all eligible to invest in this special deposit scheme. You can avail the benefits of this scheme through branch network. Apart from this, this scheme is not yet available on digital channels like YONO, Internet banking, but it is expected that soon this scheme will also be available online.
Bank of Baroda Earth Green Term Deposit
Apart from this, Bank of Baroda is providing Earth Green Term Deposit facility to the customers. The objective of this scheme of the Bank is to mobilize deposits to fund Qualifying Environmental Initiatives and sectors. The bank has brought this facility to customers with amounts ranging from Rs 5000 to less than Rs 2 crore. The interest rates offered to bank customers are 6.75% for one year tenure, 6.75% for 18 months, 7.17% for 777 days, 6.4% for 1111 days, 6.4% for 1717 days and 6.4% for 2201 days.
