SBI 2222 Days FD vs Canara Bank 2222 Days FD Calculator: Special fixed deposit (FD) schemes are guaranteed return schemes like any other FD, but they are for a specific period and often provide higher interest rates to general and senior citizens than what standard FDs offer. Special FDs can be callable or non-callable. Investors can invest for a specific period and get maturity on the completion of the FD.
Here, we will discuss the SBI 2222 Days Green Term Deposit FD and the Canara Bank 2222 Days Green Deposit FD.
Both are special FDs focused on investing in environmentally friendly initiatives and projects.
We will also tell what Rs 6 lakh and Rs 12 lakh investments will bring to general and senior citizens on the maturity of schemes.
SBI Green Rupee Term Deposit (SGRTD)
On its official website, SBI says that SBI Green Rupee Term Deposit has been introduced to mobilise deposits to support the bank in financing green initiatives. The minimum deposit amount in the scheme is Rs 1,000.
SBI Green Rupee Term Deposit: Total schemes
The special FD features 3 schemes: 1111 Days, 1777 Days, and 2222 Days.
SBI Green Rupee Term Deposit: Interest rate for general citizens
General citizens get 6.65 per cent interest each in its 1111-day and 1777-day FDs. The interest rate for them in the 2222-day FD is 6.40 per cent.
SBI Green Rupee Term Deposit: Interest rate for senior citizens
Senior citizens, on the other hand, get 7.15 per cent interest rate each in its 1111-day and 1777-day FD. The interest rate in its 2222-day FD is 7.40 per cent.
SBI Green Rupee Term Deposit: Other features
Pre-mature withdrawal
Overdraft/demand loan/facility available
Transfer of account to other SBI branch
Nomination facility available
Canara Bank Green Deposit FD
On its official website, Canara Bank says that in its green deposit FDs, funds are earmarked for green financing, including renewable energy projects, sustainable infrastructure development, eco-friendly businesses, and more. Thus, investment not only earns returns but also contributes to building a greener, more sustainable world.
Canara Bank Green Deposit FD: Total schemes
The bank provides 1111 days, 2222 days, and 3333 days FDs under its Green Deposit scheme.
Canara Bank Green Deposit FD: Interest rates for general citizens
The interest rate in its 1111-day FD is 6.70 per cent, while the bank is offering 6.65 per cent interest in its 2222-day and 3333-day FDs (source: Paisabazaar.com).
Canara Bank Green Deposit FD: Interest rates for senior citizens
The interest rate in its 1111-day FD is 7.20 per cent, while the bank is offering 7.15 per cent interest in its 2222-day and 3333-day FDs.
Canara Bank Green Deposit FD: Minimum and maximum investment
For callable FDs, the minimum deposit is Rs 1,000, while for non-callable FDs, the minimum deposit is Rs 3,00,00,000. There is no maximum investment in the scheme.
Canara Bank Green Deposit FD: Other features
Loan facility
Nomination facility
SBI Green Rupee Term Deposit 2222 Day FD: Maturity on Rs 6 lakh investment for general citizens
The estimated interest on this investment will be Rs 2,83,116.02, while the estimated maturity will be Rs 8,83,116.02.
SBI Green Rupee Term Deposit 2222 Day FD: Maturity on Rs 12 lakh investment for general citizens
The estimated return on this investment will be Rs 5,66,232.03, while the estimated maturity will be Rs 17,66,232.03.
SBI Green Rupee Term Deposit 2222 Day FD: Maturity on Rs 6 lakh investment for senior citizens
The estimated interest on a Rs 6 lakh investment will be Rs 3,37,578.99, while senior citizens will get estimated maturity amount of Rs 9,37,578.99.
SBI Green Rupee Term Deposit 2222 Day FD: Maturity on Rs 12 lakh investment for senior citizens
Senior citizens get will get estimated interest of Rs 6,75,157.97, and the estimated maturity of Rs 18,75,157.97.
Canara Bank Green Deposit FD: Maturity on Rs 6 lakh investment for general citizens
The estimated interest on a Rs 6 lakh investment will be Rs 2,96,440.10, while the estimated maturity will be Rs 8,96,440.10.
Canara Bank Green Deposit FD: Maturity on Rs 12 lakh investment for general citizens
The estimated return on this investment will be Rs 5,92,880.21, while the estimated maturity will be Rs 17,92,880.21.
Canara Bank Green Deposit FD: Maturity on Rs 6 lakh investment for senior citizens
Senior citizens will get estimated interest of Rs 323668.91, and the estimated maturity amount of Rs 9,23,668.91.
Canara Bank Green Deposit FD: Maturity on Rs 12 lakh investment for senior citizens
The estimated interest on a Rs 12 lakh investment will be Rs 6,47,337.81, and the estimated maturity of Rs 18,47,337.81.
