There are many banks in the country that are providing special fixed deposits (FD) to customers at higher interest rates. However, customers can avail this offer only for a fixed period.
Currently, Indian Bank, Punjab and Sindh Bank, IDBI and SBI have brought this golden opportunity for their customers. Customers can invest in special FDs of these banks at higher interest rates till September 30. Let us know which bank is offering how much interest on its special FD.
IDBI Bank: Festive FD
IDBI Bank is offering Utsav FD scheme to its customers. This FD scheme is available for 300 days, 375 days, 444 days and 700 days. General category customers will get 7.05% interest rate under Utsav FD scheme on completion of 300 days while senior citizens will get 7.55% interest rate.
On investing in Utsav FD for 375 days, senior citizens will get 7.65% interest rate which is more than the interest rate of 7.6% given by the bank earlier. The bank used to provide 7.1% interest rate to the general category but currently in this period the interest has increased to 7.15%. The interest rate for FD of 444 days is 7.35%, while for senior citizens this rate is 7.65%. On investing for 700 days, the bank is giving an interest rate of 7.20% to the general category while senior citizens are getting the benefit of 7.70%.
Indian Bank Special FD
Indian Bank is offering 7.05% interest rate to general public, 7.55% to senior citizens and 7.80% to very senior citizens under Ind Super 300 Days. Under its second 400 days FD scheme, Indian Bank is offering 7.25% interest rate to general category citizens. The bank is offering 7.75% interest rate to senior citizens and 8.00% interest rate to very senior citizens. The last date to invest in Indian Bank Special FD is 30 September 2024.
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Punjab and Sind Bank Special FD
Punjab and Sindh Bank’s 222 days special FD will get an interest rate of 6.30% and 333 days FD will get an interest rate of 7.15%. On investing in FDs with a duration of 444 days, the bank is giving 7.25% interest to ordinary citizens. The deadline for investing in Punjab and Sindh Bank’s special FD has been fixed as 30 September 2024.
SBI: Amrit Kalash and Weakfare
SBI has come up with two special FD schemes for its customers. According to the bank’s website, under the ‘Amrit Kalash’ (400 days) scheme, SBI is offering an interest rate of 7.10%. Senior citizens are getting an interest rate of 7.60%. The second FD is ‘SBI Weakfare’. The interest rate offered under this scheme is 7.50%.
According to the SBI website, the public is being given an additional premium of 50 basis points on the card rate. Customers can avail all these offers till 30 September 2024. Contact your nearest bank branch to avail the schemes.
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