SBI 400-day FD vs Indian Bank 400-day FD: Investors invest in special FDs as they often get extra interest rates compared to the similar or slightly higher duration FDs of the same bank. Banks issue special FDs for a limited period to attract investors. Based on investor response, the lenders also increase the deadline to invest in special fixed deposit (FD) schemes. The duration of a special FD can be less than a year to around 10 years. Many special FDs are approaching their deadline of March 31, 2025. 

State Bank of India’s (SBI) 400-day special FD and Indian Bank 400-day FD are two such fixed deposit schemes.

SBI’s 400-day FD is known as Amrit Kalash, while Indian Bank’s FD is known as IND Super 400 Days.

Know what interest rates they are offering to their general and senior citizens, and which FD will provide higher return on investments of Rs 4,44,444, Rs 7,77,777, and Rs 9,99,999.

SBI Amrit Kalash 400-day FD: Interest rate for general citizens

The special FD launched in February 2023 had its original deadline as March 2023, but it has gone through many extensions ever since. 

The scheme offers a 7.10 per cent interest rate to general citizens.

SBI Amrit Kalash 400-day FD: Interest rate for senior citizens

For senior citizens, the interest rate is 7.60 per cent.

IND Super 400 Days FD: Interest rate for general citizens

Its interest rate for general citizens is 7.05 per cent.

IND Super 400 Days FD: Interest rate for senior citizens

The scheme offers a 7.55 per cent interest rate to senior citizens, while the rate for super senior citizens is 7.80 per cent.

SBI Amrit Kalash 400-day FD: Maturity on Rs 4,44,444 investment  

General citizens- Rs 4,80,078.58
Senior citizens- Rs 4,82,668.64

SBI Amrit Kalash 400-day FD: Maturity on Rs 7,77,777 investment  

General citizens- Rs 8,40,137.51
Senior citizens- Rs 8,44,670.13

SBI Amrit Kalash 400-day FD: Maturity on Rs 9,99,999 investment  

General citizens- Rs 10,80,176.80
Senior citizens- Rs 10,86,004.45

IND Super 400 Days: Maturity on Rs 4,44,444 investment  

General citizens- Rs 4,79,820.16
Senior citizens- Rs 4,82,409.15

IND Super 400 Days: Maturity on Rs 7,77,777 investment  

General citizens- Rs 8,39,685.29
Senior citizens- Rs 8,44,216.02

IND Super 400 Days: Maturity on Rs 9,99,999 investment  

General citizens- Rs 10,79,595.37 
Senior citizens- Rs 10,85,420.60