Special Fixed Deposit Scheme: Many big banks including SBI, HDFC are offering Special Fixed Deposits (FDs) with irregular tenure of days instead of months or years at enhanced interest rates , thereby offering higher interest rates than conventional FDs Has been Here are 5 special Fixed Deposit schemes (FDs) in various banks including SBI, HDFC and IDBI Bank which are going to expire on 31st March 2023.
SBI FD
The 400-day (Amrit Kalash Tenure Scheme) was introduced by the country’s largest lender State Bank of India (SBI) on February 15, 2023, with an interest rate of 7.60 per cent for senior citizens and 7.10 per cent for the general public. According to SBI, this exclusive offer is still available till March 31, 2023.
HDFC FD
HDFC Bank has launched a special Fixed Deposit “Senior Citizen Care FD” for senior citizens on May 18, 2020. This program ends on March 31, 2023. In addition to the current charge of 0.50%, HDFC Bank promises to charge senior citizen customers who register fixed deposits of less than 5 crores at an additional premium of 0.25% for a period of five years and one day to 10 years. Want to. For HDFC Senior Citizen Care FD, the bank offers an interest rate of 7.75% to senior citizens, which is 75 basis points (bps) higher than the standard rate of 7%.
Indian Bank FD
Public sector lender Indian Bank has launched a unique retail fixed deposit called “Ind Shakti 555 Days” with higher interest rates for both general public and senior citizens on December 19, 2022 which is valid till March 31.
IDBI Bank FD
Private sector lender IDBI Bank launched a special fixed deposit “IDBI Naman Senior Citizen Deposit” for senior citizens on April 20, 2022. The duration of the program ranges from more than one year to ten years, and is available till the end of March 2023.
Punjab and Sind Bank FD
This public sector lender is offering customers four exclusive fixed deposit programs namely PSB Fabulous 300 Days, PSB Fabulous Plus 601 Days, PSB e-Advantage Fixed Deposit and PSB-Utkarsh 222 Days. All these programs of Punjab and Sind Bank will come to an end on March 31, 2023, according to the lender’s official website.
