Special FDs: After increasing the repo rate by the Reserve Bank of India, different public and private sector banks are increasing the home loan rates. Apart from this, banks are also increasing the interest rate on fixed deposits.
But there are some banks too, which had started Special FDs for the customers, which are giving interest rate not by month or year but by day. In the special FDs of these banks, the customers (regular customers and senior citizens) are going to get more interest i.e. more benefits as compared to regular FDs. But the opportunity to invest in these special FDs is only till March. After March 31, customers will not be able to invest in these FDs.
SBI has launched a special FD for 400 days called Amrit Kalash. On this FD, senior citizens are getting 7.60 per cent interest and regular customers are getting up to 7.10 per cent interest. According to SBI’s website, one can invest in this FD only till March 31, 2023.
The bank started Senior Citizen Care FD on 18 March 2020. Customers can invest here till 31 March 2023. This FD is only for senior citizens. On this, customers are getting interest of up to 7.75 percent.
The bank has launched a special FD named Ind Shakti 555 Days. The bank launched it on 19 December 2022. In this FD, regular customers will get 7 percent interest and senior citizens will get up to 7.50 percent interest. You can invest in this special FD only till March 31, 2023.
IDBI Bank Special FD
The bank has launched a special fixed deposit named IDBI Naman Senior Citizen Deposit. According to the bank’s website, senior citizens are getting 75 basis points more interest than the current interest rates. You can invest in this scheme till March 31, 2023.
The bank has launched a special fixed deposit named IDBI Naman Senior Citizen Deposit. According to the bank’s website, senior citizens are getting 75 basis points more interest than the current interest rates. You can invest in this scheme till March 31, 2023.
This bank is giving the benefit of 4 special FD schemes. These include schemes like PSB Fabulous 300 Days, PSB Fabulous Plus 601 Days, PSB e-Advantage Fixed Deposit and PSB-Utkarsh 222 Days. In these schemes, regular customers are getting interest ranging from 7 percent to 7.50 percent. Apart from this, the rate of interest available to senior citizens ranges from 7.50 per cent to 8.25 per cent. On the other hand, super senior citizens are getting the benefit of interest ranging from 7.50 per cent to 8.60 per cent.
