Special fixed deposit rates up to 8.05% expire soon

Several banks in India are currently offering special fixed deposit (FD) schemes with interest rates reaching up to 8.05% for super senior citizens. Banks such as SBI, IDBI Bank, Indian Bank, HDFC Bank, and Punjab & Sind Bank have introduced these schemes. They provide better returns compared to traditional FDs, making them appealing to investors. These special FD schemes are available until March 31, 2025. They are designed to cater to various categories, including general investors, senior citizens, and super senior citizens. The interest rates vary based on the bank and the tenure of the deposit. SBI offers the Amrit Vrishti scheme with a 444-day tenure at 7.25% for general citizens and 7.75% for senior citizens. Their Amrit Kalash scheme has a 400-day duration with rates of 7.10% for general citizens and 7.60% for senior citizens. IDBI Bank has the Utsav Callable FD with rates based on the maturity period. For example, a 555-day FD offers 8.05% for super senior citizens and 7.40% for general investors. Indian Bank also provides competitive rates with its IND Supreme and IND Super FD schemes, reaching up to 8.05% for super senior citizens. HDFC Bank's fixed deposit for a tenure of 35 months offers 7.35% for regular investors and 7.85% for senior citizens. Punjab & Sind Bank has multiple tenure options with rates such as 7.30% for 444 days and 7.45% for a callable FD of 555 days. Senior citizens can receive an additional 0.50% on these rates. Investors are encouraged to consider these special FD schemes before the deadline on March 31, 2025, to maximize their returns.