If you’re considering putting your money into bank fixed deposits, now might be the perfect time to do so. Several major banks across the country are rolling out appealing interest rates on their special FD plans. Notable banks like State Bank of India (SBI), HDFC Bank, IDBI Bank, Indian Bank, and Punjab & Sind Bank are part of this offer.

 

For super senior citizens, these special FDs can yield interest rates as high as 8.05%, which is better than standard FDs. However, keep in mind that the window to invest in these special FDs closes on March 31, 2025. We’ve gathered details about these special FDs to help you make informed investment choices.

 

SBI Amrit Vrishti

The largest bank in the country, State Bank of India (SBI), is providing attractive interest rates on various special FD schemes. One of these is the SBI Amrit Vrishti FD, which has a term of 444 days. This FD offers 7.25% interest for regular investors and 7.75% for senior citizens.

 

SBI Amrit Kalash

Another special FD from SBI is the Amrit Kalash, which lasts for 400 days. In this scheme, general investors can earn 7.10% interest, while senior citizens will receive 7.60%.

 

HDFC Bank Special Edition FD

HDFC Bank, one of the country’s leading banks, is offering a special edition FD scheme with a term of 35 months. In this plan, general citizens can earn interest at a rate of 7.35%, while senior citizens will benefit from a rate of 7.85%. Senior citizens receive an additional 0.50% interest, ensuring they get better returns on their investments.

 

IDBI Bank Utsav FD Scheme

IDBI Bank offers the Utsav Callable FD scheme with interest rates that vary based on the maturity period. For FDs maturing in 300 days, the interest rate is set at 7.05% for regular citizens and 7.55% for super senior citizens. For FDs with a maximum term of 700 days, the rates are 7.2% for the general public and 7.85% for super senior citizens. The deadline to invest in these special FDs is March 31, 2025.

 

Indian Bank Special FD

Indian Bank has introduced a special FD scheme called IND Supreme for 300 days and IND Super for 400 days. Super senior citizens can earn interest rates as high as 8.05% with these special FDs.

 

Punjab & Sind Bank Special FD

The Special FD Scheme from Punjab and Sind Bank features varying interest rates based on different tenures:

 

– 7.20% for a 333-day FD

– 7.30% for a 444-day FD

– 7.45% for a callable FD of 555 days

– 7.20% for a 777-day FD

– 6.65% for a 999-day FD

 

Senior citizens will receive an additional 0.50% interest on all these FDs. Similar to the other schemes, this one is also available for investment until March 31, 2025.