5 Special FDs: After the RBI cut the repo rate by 0.25%, banks have announced a reduction in their fixed deposit (FD) interest rates. However, there is still a chance to get great interest in many special FDs.
The big fall in the stock market has taught investors that products giving fixed returns like FD, PPF etc. have their own importance. One cannot turn away from it. If you also want fixed returns without risk, then today we are telling you about 5 special FD schemes. The last chance to invest in these schemes is till 31 March 2025. This is because there is a strong possibility that after this the banks will close these special schemes because there is every hope of cutting the repo rate again in the RBI policy to be held in April. After that it will be a loss-making deal for the bank to pay more interest on these FDs. Let’s take a look at the special FD scheme and the interest rate being offered.
SBI Amrit Vrishti
For ordinary citizens, SBI’s Amrit Vrishti is a special FD scheme of “444 days”. Currently, an interest rate of 7.25% is being given on this. At the same time, for senior citizens, an interest rate of 7.75% is provided in this FD scheme. This scheme is till March 31, 2025.
SBI Amrit Kalash
SBI Amrit Kalash Special FD Scheme is a special scheme of “400 days”. In this special FD scheme, an interest rate of 7.10% is provided to general citizens. At the same time, for senior citizens, it provides interest at the rate of 7.60%. This scheme will be valid till March 31, 2025.
IDBI Bank- Utsav Callable FD
IDBI Bank’s Utsav Callable FD is a special FD scheme whose interest rates vary depending on the maturity period. The last date to invest in Utsav FD is March 31, 2025. In this special FD, Utsav Callable Fixed Deposit with a tenure of 300 days offers an interest rate of 7.05% for general citizens, 7.55% for senior citizens and 7.55% for super senior citizens. IDBI Bank’s Utsav Callable Fixed Deposit with a tenure of 700 days offers an interest rate of 7.20% for general citizens, 7.70% for senior citizens and 7.85% for super senior citizens.
Indian Bank Special FD
Indian Bank is running special fixed deposit (FD) schemes of IND Supreme 300 Days and IND Super 400 Days. These schemes offer interest rates up to 8.05% for super senior citizens. The last date to invest in this scheme is March 31, 2025.
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