5 Best FD Schemes: Experts say that after the recent interest rate cut by the Reserve Bank of India (RBI), banks may stop offering these special FD schemes. Therefore, investors have a good chance to invest in these schemes before March 31. They can get better interest rates by investing.
5 Best FD Schemes: If you are planning to invest in Fixed Deposit (FD), then you have a good chance. Because many public and private sector banks including State Bank of India, Indian Bank and IDBI are offering better interest rates on FD till March 31. If you invest in the FD scheme of banks before March 31, then you will get better interest rates. The special thing is that all banks are offering high interest rates for senior citizens under the FD scheme, so let’s know about the FD scheme of these banks.
At present, SBI is running two FD schemes with high interest rates named ‘Amrit Vrishti’ and ‘Amrit Kalash’. Under the ‘Amrit Kalash’ FD scheme, common citizens get 7.10 percent interest and senior citizens get 7.60 percent interest on 400 days fixed deposit. This scheme will be effective till March 31, 2025. At the same time, in the ‘Amrit Vrishti’ scheme, 7.25 percent interest is being offered to common citizens and 7.75 percent interest rates to senior citizens on FD of 444 days.
IND Supreme 300 Days FD Scheme
While, the names of Indian Bank’s special fixed deposit schemes are IND Supreme 300 days and IND Super 400 days. These schemes offer interest rates up to 8.05 percent for super senior citizens. The last date to invest in this scheme is March 31, 2025.
At the same time, the name of IDBI Bank’s special FD scheme is Utsav Callable FD. Utsav Callable FD is a special FD scheme, in which interest rates vary depending on the maturity period. The last date to invest in Utsav FD is March 31, 2025. Also, IDBI has launched Chiranjeevi-Super Senior Citizen FD for people aged 80 years and above from January 13, 2025. Note that IDBI Chiranjeevi-Super Senior Citizen FD rates will be valid only for the period of the respective Utsav FD bucket.
Features of IDBI Bank’s Special FD Scheme
General citizens get 7.05 percent interest rates on IDBI Bank’s 300-day Utsav Callable Fixed Deposit. Whereas, senior citizens get 7.55 percent and super senior citizens get 7.55 percent interest rates.
IDBI Bank’s Utsav Callable Fixed Deposit scheme with a tenure of 375 days offers interest rates of 7.25% for general citizens, 7.75% for senior citizens and 7.90% for super senior citizens.
IDBI Bank’s Utsav Callable Fixed Deposit with a tenure of 444 days offers interest rates of 7.35% for general citizens, 7.85% for senior citizens and 8% for super senior citizens.
IDBI Bank’s Utsav Callable Fixed Deposit now offers a new tenure of 555 days, with interest rates of 7.40% for general citizens, 7.90% for senior citizens and 8.05% for super senior citizens.
IDBI Bank’s 700-day Utsav Callable FD scheme offers interest rates of 7.20 per cent for general citizens, 7.70 per cent for senior citizens and 7.85 per cent for super senior citizens.
Most Read Articles:
- 8th Pay Commission: Women will get these benefits from the 8th Pay Commission, know benefits & other details
- No Cash in ATMs: Big news! SBI 14000 ATMs, Axis 5000 ATMs are empty, know why 38000 ATMs are out of service!
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
