Fixed Deposit (FD) has always been a favorite means of safe investment, especially for those who want to avoid stock market fluctuations. The good thing is that nowadays many banks are offering very good interest rates on their special FD Schemes, due to which investors are getting great returns.
With the start of the new financial year, some banks have made changes in their special FD schemes or have launched new schemes. If you also want to earn good profits by investing in FD, then this news is of your use. We are telling you about the special FD schemes of 5 such banks, in which investing can be beneficial. Most of these schemes are about 400 days or more duration, and interest on them is also getting strong.
1. Indian Bank’s ‘Ind Supreme 400 Days’ Scheme (Indian Bank FD Scheme)
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Duration: 400 days
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Interest Rates:
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General Citizen: 7.25%
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Senior Citizen: 7.75%
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Super Senior Citizen (80+): 8.00%
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Specialty: This 400 -day FD of Indian Bank is quite popular. For example, if an ordinary citizen invests ₹ 5 lakh in it, then the interest rate can get more than ₹ 40,300 interest on maturity by 7.25% interest rate. Senior citizens will get even better returns. (Note: Calculation of interest is just an example, real returns may be slightly different.)
2. Punjab & Sindh Bank’s Special FDS (Punjab & Sindh Bank Special FD)
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Important thing: The bank has recently launched a few new periods of special FD.
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Duration and interest rates:
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444 days: 7.10% (general citizen)
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777 days: 6.50% (General Citizen)
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999 days: 6.35% (general citizen)
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Update: The bank has extended the facility of investing in these special FD schemes till June 30. Senior citizens get additional interest at these rates.
3. IDBI Bank’s ‘Festival FD’ Schemes (IDBI Bank Utsav FD Scheme)
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Update: The bank has shut down 300 and 375 days celebration FD, but some more attractive options still exist:
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444 day FD:
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General Customer: 7.25%
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Senior Citizen: 7.75%
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Super Senior Citizen: 7.90%
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555 day FD:
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General Citizen: 7.30%
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Senior Citizen: 7.80%
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Super Senior Citizen: 7.95%
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700 day FD (available till 30 June 2025):
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General Citizen: 7.00%
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Senior Citizen: 7.50%
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Super Senior Citizen: 7.65%
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4. SBI Special FD Scheme of SBI
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Scheme/period: The State Bank of India (SBI) periodically brings special FD schemes like ‘Amrit Kalash’, whose duration is usually 400 days. (The original article mentioned 444 days ‘Amrit Vrishti’, please confirm the existing scheme from the bank before investing).
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Interest Rates: Interest rates for ordinary citizens on these special schemes are around 7.10% and 7.60% for senior citizens. (Note: These rates are for limited duration and can change).
5. Canara Bank’s Special FD (Canara Bank Special FD)
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Duration: 444 days
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Interest Rates:
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General Citizen: 7.25%
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Senior Citizen: 7.75%
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Benefit: This special FD of Canara Bank is also giving quite good returns, especially for senior citizens.
The right opportunity to invest money in the post FD! These 5 banks are paying tremendous interest on special schemes, see list first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
