Special FD schemes offer up to 8.05% interest

Several banks in India are offering special fixed deposit (FD) schemes with high interest rates, specifically targeting super senior citizens. These offers are available until March 31, 2025. The interest rates can go up to 8.05%, providing better returns compared to standard fixed deposits. Banks like SBI, IDBI Bank, Indian Bank, HDFC Bank, and Punjab & Sind Bank are participating in this initiative. Each bank has different schemes, catering to various investor categories. Interest rates depend on the bank and the tenure of the FD. For instance, SBI’s Amrit Vrishti scheme offers a 444-day plan with rates of 7.25% for general investors and 7.75% for senior citizens. Another scheme, Amrit Kalash, has a 400-day term with rates of 7.10% for general investors and 7.60% for seniors. IDBI Bank also has its Utsav Callable FD, which features varying interest rates based on the maturity period available until the end of March. Indian Bank presents the IND Supreme and IND Super FDs, offering up to 8.05% for super senior citizens. HDFC Bank offers an FD with a 35-month tenure, providing 7.35% for regular investors and 7.85% for seniors. Additionally, Punjab & Sind Bank has a variety of tenures with rates ranging from 6.65% to 7.45% for different time periods. Investors looking to benefit from these attractive rates should consider locking in their deposits before the deadline of March 31, 2025.