IDBI Bank, Indian Bank, Punjab and Sind Bank and State Bank of India (SBI) have extended the validity of their special fixed deposit (FD) schemes till 30 September 2024. Earlier the deadline for these schemes was 30 June 2024
IDBI Bank, Indian Bank, Punjab and Sind Bank and State Bank of India (SBI) have extended the validity of their special fixed deposit (FD) schemes till 30 September 2024. Earlier the deadline for these schemes was 30 June 2024, but it was extended for the convenience of the customers. Investors now have about 12 days left to invest in these schemes. Banks have extended the dates of these schemes several times. Let’s take a look at the interest rates and benefits of these schemes.
IDBI Bank: Utsav FD
- IDBI Bank has extended the validity of its special ‘Utsav FD’. These FDs are available for 300, 375, 444, and 700 days.
- For 300 days FD, ordinary citizens will get 7.05% interest rate and senior citizens will get 7.55% interest rate.
- For 375 days FD, the interest rate is 7.15% for ordinary citizens and 7.65% for senior citizens.
- By investing in this FD, customers can avail higher interest rates and secure their savings.
Indian Bank: Ind Super FD
- Indian Bank’s ‘Ind Super’ FD scheme is also a good option for investors. It is available for 300 and 400 days.
- For 300 days FD, ordinary citizens are getting 7.05% interest rate, senior citizens 7.55% interest rate and super senior citizens 7.80% interest rate.
- FDs of 400 days are being offered at 7.25% interest for ordinary citizens, 7.75% for senior citizens, and 8.00% for super senior citizens. By investing in this scheme, customers can avail higher interest rates, especially senior and super senior citizens.
Also Read- SSY Calculator: How much money you will get on maturity if you invest ₹50,000 every year – see calculation
Punjab and Sind Bank: Special FD
- The Special FD scheme of Punjab and Sind Bank has also been extended till 30 September 2024 for investors.
- An interest rate of 6.30% is being offered on FDs of 222 days and 7.15% interest rate is being offered on FDs of 333 days.
- This scheme is for those who want to make short-term investments and want to avail higher interest rates.
SBI: Amrit Kalash and WeCare Schemes
- State Bank of India (SBI) has extended the validity of its two flagship FD schemes ‘Amrit Kalash’ and ‘WeCare’ till 30 September 2024.
- Amrit Kalash FD Scheme: This is a special 400-day scheme, in which ordinary citizens are getting 7.10% and senior citizens are getting 7.60% interest rate.
- SBI WeCare Scheme: In this scheme, senior citizens are getting an additional premium of 50 basis points on the existing interest rates, making it even more attractive for them.
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