Special FD: These banks are offering up to 8.85% interest on limited period FDs, get FD done quickly

IDBI Bank is offering an interest rate of 7.05% to general citizens on its special festive FD maturing in 300 days. Senior citizens are being offered an interest rate of 7.55% on festive FDs of 300 days duration.

Good news for FD customers! Banks have started increasing fixed deposit rates or new FD schemes to attract customers. Due to increasing investment in mutual funds and decline in bank deposits, FD rates of banks and NBFCs remain at a high level. Let us tell you that RBL Bank, Federal Bank and IDBI Bank have launched special FD schemes for both general customers and senior citizens. Let us know how much interest is being given in the special FD of these banks.

RBL Bank FD

RBL Bank has announced a 500-day special FD on the occasion of Independence Day, the rates of which start from 8.1% to 8.85%. This private sector bank is offering 8.1% interest to normal FD customers booking a 500-day FD scheme. Senior citizens (above 60 years of age but below 80 years of age) will get 8.6% and super senior citizens (above 80 years of age) will get 8.85% rate on FD. Customers can book fixed deposit schemes both online and offline using the RBL Bank app or by visiting a bank branch.

Federal Bank FD

Federal Bank has also announced a special scheme on Independence Day, under which customers are being offered fixed deposit rates up to 8.05%. The bank has announced new rates for deposits with tenures of 400 days, 777 days and 50 months. Normal citizens will be offered FD rates of 7.35%, 7.40% and 7.40% respectively. Senior citizens will get 7.85%, 7.90% and 7.90% interest rates respectively on FDs of these tenures. Under the non-callable category, the bank is offering 7.5%, 7.55% and 7.55% interest rates to general citizens on FDs of tenures of 400 days, 777 days and 50 months respectively. Senior citizens will get 8%, 8.05% and 8.05% interest rates respectively on FDs of these tenures. These rates are applicable on non-callable deposits of more than Rs 1 crore.

IDBI Bank FD

IDBI Bank is offering an interest rate of 7.05% to general citizens on its special Utsav FD maturing in 300 days. Senior citizens are being offered an interest rate of 7.55% on Utsav FDs of tenure of 300 days. On a tenure of 700 days, an interest rate of 7.20% is being offered for general citizens and 7.70% for senior citizens. For Utsav FDs with tenure of 375 days, interest rates are up to 7.25% for general citizens and up to 7.75% for senior citizens. On FD schemes with tenure of 444 days, the bank now offers an interest rate of 7.35% for general citizens and 7.85% for senior citizens. The new rates will be applicable from August 15, 2024.

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