The year 2024 is about to end, and this could be the right time to invest in Fixed Deposit (FD). IDBI Bank and Punjab & Sindh Bank have introduced special FD schemes, which are available with attractive interest rates. IDBI Bank has extended the tenure of its scheme to February 2025, while the last date for investing in FD schemes of Punjab & Sind Bank is December 31, 2024. Let us know the details of these special FD schemes and how they can make your investment safe.
IDBI Bank’s Special FD Scheme
IDBI Bank offers FDs at attractive interest rates for investors under its “Utsav FD” scheme. This scheme is available for different tenures, and the facility of premature closure of FD is also given.
FD tenure and interest rates
- 300 days:
- For general customers: 7.05%
- For Senior Citizens: 7.55%
- 375 days:
- For general customers: 7.25%
- For Senior Citizens: 7.75%
- 444 days:
- For general customers: 7.35%
- For Senior Citizens: 7.85%
- 700 days:
- For general customers: 7.20%
- For Senior Citizens: 7.70%
Specific:
IDBI Bank’s scheme time has been extended till February 2025, giving investors additional time.
Special FD Scheme of Punjab and Sindh Bank
Punjab and Sindh Bank has also introduced attractive FD schemes for a limited period. Their duration ranges from 222 days to 999 days.
FD tenure and interest rates
- 222 days: 6.30%
- 333 days: 7.20%
- 444 days: 7.30%
- 555 days: 7.45%
- 777 days: 7.25%
- 999 days: 6.65%
Specific:
Last date to invest in Punjab and Sindh Bank schemes 31 December 2024 Is. However, the bank has already extended this period, and it is possible that it may be extended again in the future.
right time to invest
These schemes of both the banks are suitable for investors who want safe and assured returns.
Benefits of these schemes:
- Higher Interest Rates: These schemes, which are available for a limited period, offer more interest than normal FDs.
- Safe Investment: Fixed deposits are counted among the safest investment options.
- resilience: Options are available in choosing the investment tenure.
- Additional benefits for senior citizens: Senior citizens are being given the benefit of additional interest rate by both the banks.
Important points:
- Compare FD tenure and interest rates before investing.
- Choose the tenure as per your financial needs and goals.
- Keep track of the deadlines so you don’t miss out on the offer.
