Special FD schemes : Many public and private banks of the country are offering special FD schemes. The banks offering this scheme include State Bank of India (SBI), Indian Bank, IDBI and Punjab & Sind Bank. You can take advantage of this opportunity to get higher returns on FD. However, the deadline for all these schemes is 30 September 2024. That is, you have to invest by the end of this month. If the bank extends the date, then you will be able to invest next month as well.
SBI WeCare
SBI has extended its WeCare scheme till 30 September. New customers or those reinvesting after withdrawal can invest in this scheme. The interest rate in this scheme is 7.50 percent.
IDBI Bank
IDBI Bank has extended the validity date of its special FD scheme Utsav Callable FD till 30 September. The bank offers an interest rate of 7.05% to general citizens and 7.55% to senior citizens on 300 days Utsav FD. The interest rate for 444 days FD is 7.35% for general citizens and 7.85% for senior citizens.
Punjab & Sind Bank
Punjab & Sind Bank (PSB) had extended the last date for 222 days, 333 days and 444 days special FDs to September 30, 2024. According to reports, the bank has revised its fixed deposit rates from July 1, 2024. For 222 days FD, the bank offers an interest rate of 6.30%, while on special deposits with a tenure of 333 days, it offers 7.15%. The bank offers an interest rate of 7.25% to general citizens on a tenure of 444 days.
Indian Bank
Indian Bank is offering a special FD scheme called Ind Super for the general public. For 300 days special FD it offers 7.05% interest rate, while for senior citizens it is 7.55% and for super senior citizens it is 7.80%. For 400 days special FD it offers 7.25% interest to the general public and senior citizens and super senior citizens get 7.75% and 8.00% interest respectively.