Special FD: Punjab and Sind Bank and IDBI Bank are offering great interest rates on their special fixed deposits. This can be a good option for investors who are looking for investments with higher interest rates. But to get these great returns, you will have to invest in fixed deposits before the deadline ends. The last date to invest in IDBI Bank’s 300 days, 375 days, 444 days and 700 days special FDs called Utsav FDs is 31 December 2024.
Punjab & Sind Bank is providing elevated rates on fixed deposit interest
Punjab & Sind Bank has introduced various unique fixed deposits for multiple tenures. As stated on the bank’s website, the cutoff date for investing in these is December 31, 2024.
A special fixed deposit with a duration of 222 days is being offered at an interest rate of 6.30%. Meanwhile, the bank provides an interest rate of 7.20% on its special FDs with a period of 333 days. For deposits with a duration of 444 days, the bank provides an interest rate of 7.30% to the general public. The bank is providing an interest rate of 7.45% on a 555-day (callable) deposit. The bank is providing an interest rate of 7.25% on special deposits for 777 days, while for callable deposits of 999 days, the interest rate offered is 6.65%.
Elderly individuals, specifically those aged 80 and older, will receive an extra interest rate of 0.15% on term deposits under Rs 3 crore for a defined duration (i.e., 222 days, 333 days, 444 days, 555 days, 777 days, 999 days). The highest interest rate available for a super senior citizen for a duration of 555 days is 8.10%.
IDBI Bank has revised their FD interest rates
The last date to invest in IDBI Bank’s 300 days, 375 days, 444 days and 700 days special FDs called Utsav FDs is 31 December 2024.
Senior citizens are being given an interest rate of up to 7.9% on fixed deposits. For the general public, the interest rates for 300 days are 7.05%, for 375 days 7.25%, for 444 days 7.35% and for 700 days are 7.20%. For senior citizens, the interest rates offered on FDs for the above-mentioned periods are 7.55%, 7.75%, 7.85% and 7.70% respectively.
The final date to invest in IDBI Bank’s special FDs termed Utsav FDs, which have durations of 300 days, 375 days, 444 days, and 700 days, is 31 December 2024.
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