SBI vs BOB: Two major government banks in India — State Bank of India (SBI) and Bank of Baroda (BOB) — are offering fixed deposits (FDs) for a term of 444 days.
Bank of Baroda has introduced a new FD called the BOB Square Drive Deposit Scheme.
Meanwhile, SBI has reduced the interest rate on its current Amrit Vrishti FD Scheme. Let’s see which bank gives better returns on your investment.
Interest Rates in BOB Square Drive Deposit Scheme
Bank of Baroda’s new Square Drive Deposit Scheme is a fixed deposit with a tenure of 444 days. The maximum investment allowed under this scheme is below Rs 3 crore.
7.15% interest per annum for regular customers
7.65% interest per annum for senior citizens
7.75% interest per annum for super senior citizens
SBI’s Amrit Vrishti FD – 444 Days Scheme
SBI launched its Amrit Vrishti FD last year, which also has a 444-day term. However, SBI has recently cut the interest rates on this special FD by 0.20%.
Earlier, SBI had also stopped its Amrit Kalash FD in April. The new lower interest rates on Amrit Vrishti came into effect on April 15, 2025.
SBI Amrit Vrishti FD Interest Rates
This scheme is also a 444-day fixed deposit. Before the rate cut, SBI offered 7.25% to regular customers, 7.75% to senior citizens, and 7.85% to super senior citizens. Now, from April 15:
7.05% for regular customers
7.55% for senior citizens
7.65% for super senior citizens (above 80 years)
SBI has reduced interest across all categories by 0.20%.
What is the SBI Amrit Vrishti Scheme?
This is a fixed-term deposit scheme with a duration of 444 days. Both Indian residents and NRIs are eligible to invest in it.
How to Invest?
Customers can open this FD through any SBI branch, the YONO SBI app, YONO Lite app, or internet banking. If you choose a 444-day term, this scheme is automatically applied.
