New Fixed Deposit Schemes Earn Up to 7.75% Interest: Bank of Baroda, Bank of Maharashtra, and SBI

Bank of Baroda’s ‘Monsoon Dhamaka’ Schemes

Bank of Baroda (BoB) has launched two new deposit schemes named ‘Monsoon Dhamaka.’ Under these schemes, an FD for 333 days will offer an annual interest rate of 7.15%, while senior citizens will receive an interest rate of 7.65% per annum. For a 399-day FD, the annual interest rate will be 7.25%, with senior citizens receiving 7.75% per annum.

Bank of Maharashtra’s Special Schemes

Bank of Maharashtra is offering four special deposit schemes for various tenures. These include FDs for 200 days at an interest rate of 6.9%, 400 days at 7.10%, 666 days at 7.15%, and 777 days at 7.25%.

SBI’s ‘Amrit Drishti’ Deposit Scheme

The State Bank of India (SBI) has introduced a new deposit scheme named ‘Amrit Drishti.’ Under this scheme, an FD for 444 days will offer an annual interest rate of 7.25%, while senior citizens will receive 7.75% per annum.

SBI’s Amrit Kalash Scheme

SBI is also running a special fixed deposit (FD) scheme called ‘Amrit Kalash.’ Under this scheme, senior citizens receive an annual interest rate of 7.60% on FDs, while others receive 7.10% per annum.

This fixed deposit scheme requires individuals to invest for 400 days, with a maximum FD amount of up to 2 crore rupees. The Amrit Kalash scheme allows for interest payments monthly, quarterly, or semi-annually, depending on the depositor’s preference.