Time is running out for customers to seize this opportunity to book these fixed deposit schemes being run by three top banks – IDBI Bank, Indian Bank and Punjab & Sind Bank. Their special FD plans are offering up to 8% interest rate. Investors have time till June 30 to subscribe these special FDs.
Banks keep launching special fixed deposit schemes from time to time. Special FD schemes come with several unique features including high interest rates and limited time offers.
Time is running out for customers to seize this opportunity to book special fixed deposit schemes being run by three top banks – IDBI Bank, Indian Bank and Punjab & Sind Bank. Their special FD plans are offering up to 8% interest rate. Investors have time till June 30 to subscribe these special FDs. In this article, we will discuss about the three special fixed deposit plans – IDBI Bank Utsav FD, Indian Bank special FD and Punjab & Sind Bank special fixed deposit.
Those who are interested to earn a better return on their deposits under the special schemes of these banks need to make sure that they have invested in special deposits before the deadline of June 30. Here, we will discuss these FD plans, their features, including tenors and interest rates for both regular and senior citizen customers.
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IDBI Bank Utsav fixed deposits
On this special FD scheme maturing in 300 days, IDBI Bank offers general customers an annual interest rate 7.05%. Senior citizens are offered a 7.55% interest rate per annum on Utsav FDs of 300 days.
For FDs maturing in 375 days, IDBI Bank is providing general FD subscribers a rate of 7.1% per annum. Senior citizens fetch a 7.6% interest rate per annum on this special fixed deposit of a tenure of 375 days. The deposit with a maturity of 444 days is fetching investors a rate of 7.2% per annum in the general customer category. While the same tenure FD gets senior citizens 7.7%. The deadline to avail these special FD rates is June 30, 2024.
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Indian Bank special fixed deposit
Indian Bank is currently running two fixed deposit schemes – Ind Supreme 300 Days and Ind Super 400 Days.
The bank is offering an interest rate of 7.05% on special FDs maturing in 300 days. On same tenure FDs, senior citizens are offered 7.55% per annum interest rate. The bank offers a 7.80% interest rate annually to super senior citizens.
Indian Bank offers an interest rate of 7.25% to general customers on special fixed deposits maturing in 400 days. Senior citizens get 7.75% rate and super senior citizens 8% on these special tenure FDs. June 30, 2024 is the last date to invest in these FD schemes.
Punjab & Sind Bank special fixed deposit
Punjab and Sind Bank is offering special fixed deposits of 222 days, 333 days and 444 days. The bank is offering 7.05% interest per annum on FDs maturing in 222 days. Its 333 days FDs fetch 7.10% return annually. Deposits maturing in 444 days fetch 7.25% interest rate per annum. Investors have time till June 30 to invest in these special FD schemes of Punjab & Sind Bank.
There are two more popular special FD schemes, Amrit Kalash and SBI WeCare, being run by State Bank of India. However, these special schemes’ deadline is September 30 because the bank extended the last date to invest in these fixed deposit plans.
“The specific tenor scheme of ‘400 days’ (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 30-September-2024,” according to SBI website. SBI WeCare’s interest rate is 7.50% per annum.
