Many leading banks in India are providing customers with special fixed deposit (FD) schemes that offer higher interest rates for a limited duration. These schemes are an attractive option for individuals looking to invest their savings at competitive rates. Prominent banks such as SBI, Indian Bank, IDBI Bank, and Punjab & Sind Bank have introduced time-bound deposit offers that customers should consider before the respective deadlines.
Special Fixed Deposit Schemes by SBI
The State Bank of India (SBI) offers several lucrative FD schemes under specific tenures, providing higher returns for both general citizens and senior citizens. Below are the details of two notable schemes:
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SBI Amrit Vrishti Scheme
- Tenure: 444 days
- Interest Rate:
- General Citizens: 7.25%
- Senior Citizens: 7.75%
- Validity: This scheme is available until March 31, 2025.
SBI Amrit Kalash Scheme
- Tenure: 400 days
- Interest Rate:
- General Citizens: 7.10%
- Senior Citizens: 7.60%
- Validity: Customers can invest in this scheme until March 31, 2025.
IDBI Bank Special FD Offers
IDBI Bank has introduced the “Utsav Callable Fixed Deposit” scheme, featuring a variety of tenures and attractive interest rates. This scheme now includes a new 555-day tenure. Here are the highlights:
Utsav Callable FD – 555 Days
- Interest Rate:
- General Citizens: 7.40%
- Senior Citizens: 7.90%
- Validity: Investments can be made until February 15, 2025.
Extended Utsav FD Scheme
The Utsav FD scheme has been extended until March 31, 2025, offering high-yielding options for customers. Below are the rates for various tenures:
| Tenure | General/NRE/NRO (%) | Senior Citizens (%) |
| 300 Days | 7.05 | 7.55 |
| 375 Days | 7.25 | 7.75 |
| 444 Days | 7.35 | 7.85 |
| 555 Days | 7.40 | 7.90 |
| 700 Days | 7.20 | 7.70 |
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Indian Bank IND Supreme & IND Super Schemes
Indian Bank has extended the validity of its special FD schemes, namely IND Supreme 300 Days and IND Super 400 Days, until March 31, 2025. These schemes cater to a wide range of customers, offering some of the highest interest rates in the market.
IND Super 400 Days
- Interest Rates:
- Public: 7.30%
- Senior Citizens: 7.80%
- Super Senior Citizens: 8.05%
IND Supreme 300 Days
- Interest Rates:
- Public: 7.05%
- Senior Citizens: 7.55%
- Super Senior Citizens: 7.80%
Punjab & Sind Bank Special FD Offers
Punjab & Sind Bank has rolled out multiple FD tenures with attractive interest rates. These schemes are available for both callable and non-callable deposits, making them a flexible choice for investors. The validity for these special tenures has been extended to March 31, 2025.
Available Tenures and Features
- 222 Days, 333 Days, 444 Days, 555 Days (Callable and Non-Callable)
- 777 Days and 999 Days (Callable and Non-Callable)
The detailed interest rates and conditions for these schemes can be confirmed directly from the bank’s official website or branch.
Key Takeaways for Investors
- High Returns: The special FD schemes from these banks offer interest rates significantly above standard rates, making them an excellent option for maximizing savings.
- Tailored for Senior Citizens: Most schemes offer higher rates for senior and super senior citizens, providing better financial security.
- Time-Bound Offers: Customers should act quickly, as these schemes have fixed deadlines extending up to March 2025.
- Flexible Tenures: The variety of tenures allows investors to choose schemes that best fit their financial goals and liquidity requirements.
Q1: What are special fixed deposit schemes offered by Indian banks?
A1: Special fixed deposit (FD) schemes are time-bound investment options provided by banks that offer higher interest rates compared to regular FDs. These schemes are available for a limited duration and are ideal for individuals looking to maximize their savings.
Q2: Which banks in India are currently offering these schemes?
A2: Leading banks like State Bank of India (SBI), Indian Bank, IDBI Bank, and Punjab & Sind Bank are offering special FD schemes with attractive interest rates.
SBI Special Fixed Deposit Schemes
Q3: What special FD schemes does SBI offer?
A3: SBI offers two notable special FD schemes:
- SBI Amrit Vrishti Scheme
- SBI Amrit Kalash Scheme
Q4: What are the details of the SBI Amrit Vrishti Scheme?
A4:
- Tenure: 444 days
- Interest Rates:
- General Citizens: 7.25%
- Senior Citizens: 7.75%
- Validity: Available until March 31, 2025.
Q5: What are the details of the SBI Amrit Kalash Scheme?
A5:
- Tenure: 400 days
- Interest Rates:
- General Citizens: 7.10%
- Senior Citizens: 7.60%
- Validity: Open for investment until March 31, 2025.
IDBI Bank Special FD Offers
Q6: What special schemes are offered by IDBI Bank?
A6: IDBI Bank provides the “Utsav Callable Fixed Deposit” scheme with various tenures and competitive interest rates. This scheme now includes a 555-day tenure.
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Q7: What are the key details of the Utsav Callable FD – 555 Days scheme?
A7:
- Interest Rates:
- General Citizens: 7.40%
- Senior Citizens: 7.90%
- Validity: Available for investment until February 15, 2025.
Q8: What is the extended Utsav FD scheme by IDBI Bank?
A8: The Utsav FD scheme has been extended until March 31, 2025. Interest rates for various tenures are as follows:
| Tenure | General/NRE/NRO (%) | Senior Citizens (%) |
| 300 Days | 7.05 | 7.55 |
| 375 Days | 7.25 | 7.75 |
| 444 Days | 7.35 | 7.85 |
| 555 Days | 7.40 | 7.90 |
| 700 Days | 7.20 | 7.70 |
Indian Bank Special FD Schemes
Q9: What special FD schemes does Indian Bank offer?
A9: Indian Bank offers two special FD schemes:
- IND Supreme 300 Days
- IND Super 400 Days
Q10: What are the interest rates for the IND Supreme 300 Days scheme?
A10:
- Public: 7.05%
- Senior Citizens: 7.55%
- Super Senior Citizens: 7.80%
Q11: What are the details of the IND Super 400 Days scheme?
A11:
- Public: 7.30%
- Senior Citizens: 7.80%
- Super Senior Citizens: 8.05%
Q12: Until when are these schemes valid?
A12: Both schemes are valid for investment until March 31, 2025.
Punjab & Sind Bank Special FD Offers
Q13: What are the special FD tenures offered by Punjab & Sind Bank?
A13: Punjab & Sind Bank offers a variety of tenures, including:
- 222 Days
- 333 Days
- 444 Days
- 555 Days (Callable and Non-Callable)
- 777 Days
- 999 Days (Callable and Non-Callable)
Q14: When is the last date to invest in these schemes?
A14: These special FD schemes are available until March 31, 2025.
Key Insights for Investors
Q15: Why should customers consider these special FD schemes?
A15: These schemes offer the following benefits:
- High Returns: Interest rates are significantly higher than standard FDs.
- Tailored for Senior Citizens: Senior and super senior citizens enjoy even better rates.
- Time-Bound Offers: These schemes have fixed deadlines, encouraging timely investment.
- Flexible Tenures: Multiple tenure options cater to diverse financial goals.
Q16: How can customers invest in these schemes?
A16: Customers can visit the respective bank branches or check the official websites for detailed instructions and application processes.
By considering these schemes and their respective deadlines, customers can lock in attractive interest rates and achieve their financial objectives. For more details and to invest, visit the respective bank branches or their official websites.