Staff of embassies of other countries located in India, non-diplomatic staff of the embassy and diplomats can take advantage of this scheme. In this scheme, the customer’s money will be in US dollars. Let us know about this scheme in detail.

No automatic renewal option

Under this fixed deposit scheme, money can be deposited for 1 month, 3 months, 6 months and 1 year. There is no option of automatic renewal in this scheme. This means that when the FD matures, the money will be credited to the customer’s foreign currency account. If the customer wants to put the deposited money in this scheme again, then he will have to fill the form again and complete all the formalities.

Minimum deposit amount $5000

The minimum deposit amount for HDFC Bank Diplomat FD Scheme is $5,000. After this, the investment can be increased in multiples of $1,000. The bank has not set any maximum limit for deposit in this scheme. Since, in this scheme the customer has to deposit dollars, the interest rate of this scheme matters a lot. In this scheme, the interest rate is updated on the first of every month. This means that the interest rate keeps changing every month.

Vidol allowed before maturity

HDFC Bank is the largest private sector bank in the country. Experts say that customers should know about the interest rate before investing money in this scheme. Once invested in this scheme, the duration of the FD cannot be changed. If needed, withdrawal of money from this scheme before maturity is allowed. But, for this the customer will have to pay a penalty.

Different interest rates for different periods

This scheme offers different interest rates for different periods. For example, the interest rate on one month deposit is 2.20 percent. On 3 month deposit it is 3.6 percent. On 6 month deposit it is 4.2 percent. On 1 year deposit it is 4.75 percent. In this scheme, the bank offers higher interest if the deposit period is longer.

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The name of this scheme with a tenure of two years and about one and a half months is Cent Garima Term Deposit Scheme. In this, common people are getting interest at the rate of 7.55%. On the other hand, senior citizens are being given .5% more interest, that is, the elderly are getting 8.05% interest. Know here how much benefit the elderly will get on depositing 1 lakh rupees, along with all the features of this scheme.

Know what you will get if you deposit ₹1,00,000

If the elderly decide to invest in this scheme and deposit ₹1,00,000 in it, then at the rate of 8.05% interest, they will get 18,490 rupees as interest. In this way, they will get 1,18,490 rupees on maturity. On the other hand, if ordinary people deposit ₹1,00,000 in it, they will get 17,260 rupees as interest. In this way, the maturity amount will be 1,17,260 rupees.

Loan facility is also available

You also get the facility of loan on this special deposit scheme of Central Bank. You can take up to 90 percent of your deposit amount as loan. The interest rate on the loan amount will be 1.00% more than the applicable floating interest rates. In cases of MIDR, QIDR, FDR, the interest amount will be deposited in the loan account. If you have taken a loan on the deposit amount, then you will not get the facility of premature withdrawal. You also get the facility of nomination in the scheme.

How to take advantage of it

If you want to take advantage of this scheme, you can do so through online/net banking/mobile banking. You can also open an account offline by visiting a bank branch. You can deposit a minimum of Rs 10,000 and a maximum of Rs 10,00,00,000 in the scheme. If you withdraw the amount before maturity, you will have to pay a penalty of 1%.

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Public sector Bank of Baroda has introduced a special FD scheme. The name of this scheme is BOB Liquid FD. BOB Liquid FD combines the benefits of getting high returns from FD with the easy liquidity facility associated with a savings account. It also provides the facility of partial withdrawal to the customers without closing the entire FD. Which ensures that the customer does not face any hurdle in meeting his immediate financial needs as and when required.

Who can invest in it?
According to the report, individuals and minors in single or joint names, Hindu Undivided Families (HUF), sole proprietorship and partnership firms, public/private limited companies, associations, clubs, trusts and registered societies, etc. are eligible for non-individual fixed deposits (FDs). Also, this scheme is not available for NRIs (NRIs and NROs) and banks. BOB Liquid FD can be opened easily through digital channels like the bank’s BOB World app and internet banking and by visiting any branch.

How much can you invest?
A minimum deposit of Rs 5000 can be deposited in Bob Liquid FD. There is no limit on the maximum investment. The investment tenure is minimum 1 year and maximum 5 years. In the scheme, the prevailing interest rates on fixed deposits as decided by the bank from time to time will be applicable. Currently, fixed deposits of less than Rs 3.00 crore are considered as retail deposits and deposits of Rs 3.00 crore and above are considered as large deposits as per RBI guidelines. Premature withdrawal/partial withdrawal facility is allowed in multiples of Rs 1,000/- as many times as required during the tenure of the FD.

Bank of Baroda BOB Liquid FD
BOB Liquid FD from Bank of Baroda is a versatile FD variant. It is especially suitable for individuals who want to lock their funds for a long period for higher returns. Also want to save for long-term goals and maintain flexibility for unexpected expenses. Interest payment is subject to tax deduction at source (TDS) as per the prevailing income tax laws.

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Actually, the country’s largest public sector lender State Bank of India (SBI) offers its 400 days special FD scheme in which customers get maximum interest up to 7.60 percent. The name of this popular scheme is SBI Amrit Kalash. Let us tell you that once again seeing the popularity of this scheme, the bank has now extended its deadline till March 31, 2025.

The deadline of the scheme had to be extended several times

Let us tell you that the bank launched the SBI Amrit Kalash scheme for the first time on 12 April 2023. At this time the bank had fixed its deadline as June 30, 2023. After this it was extended to December 31, 2023. Once again, seeing its popularity, the bank extended its deadline to March 31, 2024. Despite this, seeing the popularity of this scheme not decreasing, the bank had to extend its deadline to September 30, 2024. Now customers can invest in this scheme till March 31, 2025.

In this scheme, you get up to 7.60% interest

Let us tell you that SBI Amrit Kalash is a 400-day special FD scheme in which general customers get a maximum interest of 7.10 percent on investing. On the other hand, senior citizen customers get 50 basis points more interest i.e. up to 7.60 percent on investing in this scheme. Let us tell you that under this scheme, customers can deposit a maximum amount of up to Rs 2 crore.

This is how an account is opened in this scheme

To invest in SBI Amrit Kalash FD scheme, customers can go to any branch near them. For this, you will need Aadhar card, PAN card, passport size photo, mobile number and email ID as your documents. After this, you will get a form for this scheme from the bank, after filling which your account will be opened.

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These schemes are very much liked by those customers who like to grow their money without any risk. In these, banks offer higher interest rates for senior citizens. However, now the deadline of these special FD schemes is 30 September. Today we give you complete information about them so that you can take advantage of them before the deadline ends.

Special FD schemes of SBI, IDBI and Indian Bank are ending

The duration of these special FD schemes of SBI, IDBI Bank and Indian Bank is 300 to 444 days. These are giving 7.05 to 7.35 percent interest. It is expected that the US Federal Reserve may cut interest rates by 0.25 percent. If this happens, it will be the first time in 4.5 years. After this decision, the Reserve Bank of India (RBI) can also announce a reduction in interest rates in its next monetary policy meeting. Due to this, banks will also cut interest rates. In such a situation, the interest rates of special FD schemes will also decrease.

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Banks are giving this much interest, senior citizens get more benefits

This is the reason why these three banks have also announced the closure of their special FD schemes. In SBI Amrit Kalash FD scheme, the bank offers 7.10 percent interest rate per annum to all and 7.60 percent interest rate to senior citizens for 400 days. In IDBI Bank Utsav FD scheme, you can deposit money for 300, 375, 444 and 700 days. In this, senior citizens are getting the benefit of 7.55 to 7.85 percent interest rate per annum. Apart from this, others are being given 7.05 to 7.35 percent interest rate per annum.

RBI may reduce interest rate due to reduction in inflation

Indian Bank has launched special FD schemes named IND Supreme and IND Super. IND Supreme is offering 7.05% interest rate on 300 days FD and IND Super is offering 7.25% interest rate on 400 days FD. Inflation rate in India was 3.65% in August. In July, the figure was 3.6%. RBI has kept the inflation target in the country at a maximum of 4%. In such a situation, an environment of reduction in interest rates is being created. In such a situation, if you want to take advantage of these schemes, then you have a chance now.

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Bank of India has launched ‘666 days special fixed deposit’ scheme. In this FD scheme, super senior citizens will get interest at the rate of 7.95% on deposits less than Rs 2 crore. Super senior citizens are those whose age is 80 years or more. At the same time, senior citizens will get 7.8% interest per annum. Common people will get 7.3% interest per annum in this special FD scheme. This FD scheme has become effective from June 1, 2024.

Loan and early withdrawal facility available

In this FD scheme, investors will get the facility of loan and premature withdrawal. Customers can visit any Bank of India branch or use BOI Omni Neo app/internet banking to open this special fixed deposit scheme. Bank of India FD schemes offer interest rates ranging from 3% to 7.67% with tenures ranging from 7 days to 10 years.

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These are also better options of FD

Bank of India is offering the highest interest rate of 7.67% on FDs of Rs 10 crore and above for a period of 1 year. The bank is offering an interest rate of 6.8% on FDs up to Rs 2 crore for a period of 1 year. For FDs above Rs 2 crore but less than Rs 10 crore for a period of 1 year, the rate is 7.25%.

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SSY Vs FD Scheme: Sukanya Samriddhi Yojana is a scheme run by the government, by investing in which you can make the future of your daughter bright. Under this scheme, you can open Sukanya Samriddhi Yojana account of your daughter up to 9 years of age in any bank or post office. At present, the government is giving the benefit of interest at the rate of 8.2 percent on the deposited amount under Sukanya Samriddhi Yojana.

A rebate of Rs 1.50 lakh is available on this scheme under Section 80C of Income Tax. There are many banks in the country which are offering more interest on their FD schemes to their customers than Sukanya Samriddhi Yojana. We are telling you about those banks which are offering interest rates much higher than SSY to their customers.

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank is offering its customers a strong interest rate of 8.25 percent on FDs with tenure ranging from 700 days to less than 2 years. At the same time, the bank is offering 8.50 percent interest rate on FD scheme of 2 to 3 years. Whereas the bank is offering 8.25 percent interest rate on FD scheme for 3 to 4 years.

Ujjivan Small Finance Bank
Ujjivan Small Finance Bank is offering 8.25 percent interest rate on FD schemes of less than 2 to 15 months. At the same time, the bank is offering 8.50 percent interest rate on FD schemes of more than 15 months and 8.25 percent interest rate on FD schemes of 15 months to 560 days.

Jana Small Finance Bank
Jana Small Finance Bank is offering 8.50 percent interest rate to its customers on 365 day FD scheme. At the same time, the bank is offering 8.25 percent interest rate on FD scheme of 1 year to 730 days.

Equitas Small Finance Bank
Small Finance Bank i.e. Equitas Small Finance Bank is offering 8.50 percent interest rate to its customers on 444 day FD scheme. The bank is offering 8.25 percent interest rate on 888 day FD scheme.

Suryoday Small Finance Bank
Suryoday Small Finance Bank is offering FD scheme of 1 year to 15 months at 8.25 percent interest rate to its customers. At the same time, the bank is offering 8.50 percent interest rate on FD scheme of 15 months to 2 years, 8.60 percent interest rate on FD scheme of 2 years to 2 years and 1 day, 8.60 percent interest rate on FD scheme of 2 years to 3 days to 3 years. Is. Whereas the bank is offering 8.25 percent interest rate on 5 year FD scheme.

Unity Small Finance Bank
Unity Small Finance Bank is offering 8.75 percent interest rate to its customers on FD scheme of 6 months to 201 days. Whereas the bank is offering 8.75 percent interest rate on 501 day FD scheme, 8.95 percent on 701 day FD scheme and 9 percent interest rate on 1001 day FD scheme.

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SCSS vs Senior Citizen FD Scheme: There is a large population of senior citizens in the country, who like to invest risk free. Generally, most banks offer more interest on fixed deposit schemes to customers above 60 years of age than to normal customers.

Apart from this, the post office is also offering strong returns on deposits to the customers through the Senior Citizen Saving Scheme. In such a situation, if you are thinking of investing in Senior Citizen Savings Scheme and any one of the top banks, then we are telling you about the interest rates available on both.

This much interest is being received on Senior Citizen Saving Scheme

Under the Post Office Savings Scheme, Senior Citizen Saving Scheme, senior citizens are getting the benefit of interest rate at the rate of 8.20 percent on the deposited amount. Under this scheme you can invest from Rs 1,000 to Rs 30 lakh. The government decides the interest rate of this scheme on a quarterly basis and credits it in the account. Under this scheme you can invest money for a total of 5 years. By investing in this, you get a rebate of Rs 1.5 lakh under Section 80C of Income Tax.

SBI FD Scheme

State Bank of India is offering interest rates ranging from 3.50 percent to 7.50 percent on FDs of 7 days to 10 years to its senior citizen customers. At the same time, the bank is offering maximum interest of 7.60 percent to senior citizens under Amrit Kalash Scheme (400 days FD scheme).

Bank of Baroda FD Scheme

Big public sector bank i.e. Bank of Baroda is offering 3.50 percent to 7.50 percent interest rate to senior citizens on FD ranging from 7 days to 10 years. Whereas the bank is offering maximum interest rate of 7.75 percent on FD scheme for 2 to 3 years.

HDFC Bank FD Scheme

HDFC Bank, the largest private sector bank, is offering interest rates ranging from 3.50 percent to 7.75 percent to senior citizens for FDs for tenure ranging from 7 days to 10 years. The benefit of maximum interest i.e. 7.75 percent interest is available only on FD schemes for 5 to 10 years.

ICICI Bank FD Scheme

ICICI Bank is giving the benefit of 0.50 percent additional interest rate to senior citizen customers as compared to general customers. General customers are getting interest rates ranging from 3.50 percent to 7.50 percent on FD schemes ranging from 7 days to 10 years. Whereas the benefit of maximum interest rate is available on FD schemes ranging from 15 months to 2 years.

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FD Rates: If you are a senior citizen and looking for investment options then FD scheme can be a good option. We are telling you about top-5 such banks in which you can get strong returns by investing FD.

HDFC Bank is offering 7.10 percent interest to senior citizens on tenures ranging from one year to 15 months. At the same time, the bank is offering 7.60 percent interest rate on FD scheme of 15 to 18 months and 7.50 percent interest rate on FD scheme of 18 months to 2 years and 11 months.

ICICI Bank is offering 7.25 percent interest rate to senior citizens on FD scheme of one year to 15 months and 7.05 percent interest rate on FD scheme of 15 months to 2 years.

State Bank of India, the country’s largest bank, is offering FD scheme of one year to two years at 7.30 percent interest rate to its customers. Whereas for 2 to 3 years FD scheme, 7.5 percent interest is being offered by the bank. Under Amrit Kalash Scheme, the bank is offering 7.60 percent interest rate to senior citizens on 400 day FD scheme.

Bank of Baroda is offering 7.35 percent interest rate on FD scheme to senior citizens for 1 to 2 years. At the same time, the bank is offering 7.75 percent interest rate on FD scheme of 2 to 3 years.

Big private sector bank Kotak Mahindra Bank is offering 7.65 percent interest rate on 390 day FD scheme. Whereas the bank is offering 7.80 percent interest rate on 23 month FD scheme.

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The time to invest in the special FD of SBI Bank was 31 December 2023, which has been extended to 31 March 2024. The special thing about SBI ‘Amrit Kalash’ scheme is that it offers interest at the rate of 7.60 percent on FD for 400 days. That is, investors are getting a chance to earn more interest in less time.

You can invest till 31 March 2024

The last date to invest in SBI Amrit Kalash was 31 December 2023. Now the bank has extended this deadline. Now customers can invest till 31st March 2024 next year. According to the bank’s website, anyone can invest in Amrit Kalash Special Scheme with a period of 400 days and get guaranteed returns.

According to SBI Bank, Amrit Kalash FD investors can take monthly, quarterly and half yearly interest payments. On maturity of SBI Amrit Kalash, the interest money is added to the customer’s account after deducting TDS. According to SBI website, for premature withdrawal of money in FD of 400 days, the bank can deduct 0.50% to 1% less interest rate as penalty from the applicable rate.

SBI Amrit Kalash Yojana

Common citizens investing in SBI’s Amrit Kalash Special FD Scheme are getting 7.10% interest rate. Senior citizens are getting interest of 7.60%. You can invest in this scheme till 31 December 2023. During this period anyone can book this scheme online or offline.

You can take loan on Amrit Kalash Yojana

Amrit Kalash also provides bank loan facility to investors in return. You can apply for loan under Amrit Kalash Yojana.

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This scheme is ‘SBI Amrit Kalash’. Under this scheme, the bank is offering 7.10% interest on 400 day FD to its general customers and 7.60% interest to its senior citizen customers. Under this scheme you can invest up to Rs 2 crore. Let us know about this scheme in detail.

Bank extended the deadline for the second time

Let us tell you that the bank had launched this scheme on April 12, 2023. While launching, the bank had kept its deadline as 30th June. However, considering the popularity of this scheme, the bank had once again extended its deadline till August 15. In this series, the bank has once again given a chance to its customers and has extended its deadline till 31st December.

This document is necessary to open an account

Under SBI’s Amrit Kalash Special FD Scheme, any citizen of 19 years of age or above can open an account. If you want to open your account offline i.e. by going to the bank, then for this you will need Aadhar card, ID proof, age identity proof, income proof, registered mobile number and passport size photo.

SBI Regular FD Rate

On the other hand, State Bank of India offers its customers 3% on FDs of 7 days to 45 days, 4.50% on FDs of 46 days to 79 days, 5.25% on FDs of 180 days to 210 days, 5.25% on FDs of 211 days to 1 year. It is offering 5.75% interest on FDs of less than 1 year, 6.80% interest on FDs of 1 year to less than 2 years, 7% interest on FDs of 2 years to less than 3 years and 6.50% interest on FDs of 3 years to 10 years. Is.

Disclaimer: Only information about the performance of the share or bank is given here, it is not an investment advice. Investing in stock market is subject to risk and please consult your advisor before investing.

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But it is not so because even in government banks now good returns are being received on fixed deposits. The biggest example of this is the country’s largest public sector bank, State Bank of India (SBI). Which provides attractive benefits to senior citizens in a special investment scheme named ‘SBI WeCare Special FD’.

Your money can be doubled

By investing in this FD scheme, the money doubles directly. The bank launched this We Care FD especially for senior citizens during the Covid pandemic. So that along with keeping their funds safe, they can also get high returns with higher interest rates on it. Now the bank has extended the availability of this special FD scheme for senior citizens till 30 September 2023. Let us know the benefits of WeCare FD-

Chance to get 7.50 percent interest

According to the SBI website, senior citizens are eligible for an additional 0.50 per cent interest rate. In the WeCare FD scheme, 7.50 percent interest rate is available on Fixed Deposit (FD) with a tenure of 5 years to 10 years. You can book FD under this scheme through net banking, Yono app or by visiting the branch. On which interest is received after deducting TDS on monthly, quarterly, half yearly or annual basis. The interest rate on Regular Fixed Deposit ranges from 3.50% to 7.50% for tenures ranging from 7 days to 10 years.

Would be so beneficial

By investing in this FD scheme, your money doubles in 10 years. For example, if you invest 5 lakh rupees as FD for a period of 10 years, then in these 10 years the bank gives you an interest of about 5 lakh rupees at an interest rate of 6.5 percent. Due to which your money doubles.

SBI’s Amrit Kalash FD Scheme

Apart from this, SBI has also extended the tenure of ‘Amrit Kalash Special FD scheme’, which provides higher interest rates to both senior citizens and other customers as compared to FDs of different tenures.

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The Reserve Bank did not make any change in the repo rate for the second consecutive time on Thursday. However, before this RBI had increased the repo rate for 4 consecutive times. Due to the increase in the repo rate by the RBI, where the loan interest rates increase on the one hand, on the other hand the interest on fixed deposits increases.

Due to no change in repo rate, people are still getting good interest on FD. If RBI cuts the repo rate in future, then the interest on FD can also reduce.

The country’s largest public sector bank- SBI is paying the highest interest of 7.10 percent on FDs with an amount of less than Rs 2 crore. The name of this FD scheme is Amrit Kalash, whose tenure is 400 days.

Apart from this, 7.00 percent interest is being given on FDs ranging from 2 years to 3 years, 6.80 percent on FDs ranging from 1 year to 2 years, 6.50 percent on FDs ranging from 3 years to 10 years.

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After this, banks have also increased the interest rates on their FDs. If you want to get FD then this is a good opportunity for you. In this sequence, now Bank of India has started the ‘Shubh Aarambh FD’ scheme. In this scheme, senior citizens will get higher interest rate on FD. Under the scheme, senior citizens will get an additional interest rate of 0.50% and very senior citizens will get 0.65% more interest rate. This ‘Shubh Aarambh FD’ scheme has been launched in the bank. Let us tell you about this FD.

Senior citizens will get benefits

Bank of India has launched its “Shubh Aarambh Deposit” scheme keeping senior citizens in mind. This scheme is designed for very senior citizens of 80 years and above. In this scheme, an additional interest rate of 0.50% will be available for senior citizens and an additional interest rate of 0.65% for very senior citizens. This increased interest rates have been implemented in the bank with immediate effect.

Shubh Aarambh Deposit is offering a very high interest rate of 7.80% on 501 days FD to very senior citizens. The objective of this scheme is to provide a safe investment option. At the same time, an interest rate of 7.65% is being provided for senior citizens in the age group of 60 to 80 years.

Getting great interest

Apart from this, Bank of India is offering great interest rates for FDs ranging from 7 days to 10 years. Deposits with a tenure of 7 days to 10 years will fetch an interest rate of up to 7.40% for very senior citizens and up to 6.75% for regular customers. These revised interest rates are applicable to Domestic, NRO and NRE deposits. For deposits of three years and above, there is an additional interest rate of 0.75% for senior citizens and 0.90% for very senior citizens over and above the normal interest rate.

Apart from this, customers can avail a loan of up to 90% of the outstanding amount of their FD. For more information in this regard, the nearest branch of Bank of India can be contacted. At the same time, information can also be obtained by visiting the official website of the bank https://bankofindia.co.in/.

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Earlier the bank had launched this FD scheme for a fixed period and it was valid from 15 February 2023 to 31 March 2023. Premature and loan facilities are also included in Amrit Kalash Deposit.

According to the SBI website, the bank has re-launched the Amrit Kalash Deposit Scheme with a special tenure of 400 days. The deadline for investment in this FD scheme will be from 12 April 2023 to 30-June-2023. General and senior citizens are being given the opportunity to invest on FD investment. However, the interest rate has been fixed separately for both the categories.

SBI Amrit Kalash Interest Rate

Investors can invest less than 2 crores in the SBI Amrit Kalash Deposit Scheme with a tenure of 400 days. According to SBI, 7.10 percent interest rate will be given to ordinary citizens investing in Amrit Kalash Deposit Scheme, while 7.60 percent interest rate will be given to senior citizens.

How interest will be paid to the investors

Interest is paid to the investors of SBI Amrit Kalash at monthly, quarterly and half-yearly intervals. On maturity of SBI Amrit Kalash, the interest amount after deducting TDS will be added to the customer’s account. Premature and loan facilities are also included in Amrit Kalash Deposit.

SBI FD Interest Rates

State Bank of India offers regular citizens an interest rate of 3% to 7% on FD investments for tenures ranging from 7 days to 10 years. The interest rate offered under the “SBI V-Care” deposit scheme for senior citizens ranges from 3.5% to 7.50% including an additional premium of 0.50%.

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SBI FD

The 400-day (Amrit Kalash Tenure Scheme) was introduced by the country’s largest lender State Bank of India (SBI) on February 15, 2023, with an interest rate of 7.60 per cent for senior citizens and 7.10 per cent for the general public. According to SBI, this exclusive offer is still available till March 31, 2023.

HDFC FD

HDFC Bank has launched a special Fixed Deposit “Senior Citizen Care FD” for senior citizens on May 18, 2020. This program ends on March 31, 2023. In addition to the current charge of 0.50%, HDFC Bank promises to charge senior citizen customers who register fixed deposits of less than 5 crores at an additional premium of 0.25% for a period of five years and one day to 10 years. Want to. For HDFC Senior Citizen Care FD, the bank offers an interest rate of 7.75% to senior citizens, which is 75 basis points (bps) higher than the standard rate of 7%.

Indian Bank FD

Public sector lender Indian Bank has launched a unique retail fixed deposit called “Ind Shakti 555 Days” with higher interest rates for both general public and senior citizens on December 19, 2022 which is valid till March 31.

IDBI Bank FD

Private sector lender IDBI Bank launched a special fixed deposit “IDBI Naman Senior Citizen Deposit” for senior citizens on April 20, 2022. The duration of the program ranges from more than one year to ten years, and is available till the end of March 2023.

Punjab and Sind Bank FD

This public sector lender is offering customers four exclusive fixed deposit programs namely PSB Fabulous 300 Days, PSB Fabulous Plus 601 Days, PSB e-Advantage Fixed Deposit and PSB-Utkarsh 222 Days. All these programs of Punjab and Sind Bank will come to an end on March 31, 2023, according to the lender’s official website.

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SBI Amrit Kalash Deposit Scheme: If you are planning to invest in Fixed Deposit ie FD Scheme, then this is useful news for you. Actually, State Bank of India i.e. SBI (State Bank of India) has launched a great fixed deposit scheme for the customers. In this, you can get more returns in less time. SBI has named this scheme as Amrit Kalash Scheme. Under this scheme, any person can deposit money from February 15, 2023 to March 31, 2023.

Interest will be available up to 7.60%

According to the information given by SBI, under the Amrit Kalash scheme, ordinary citizens will get an interest of 7.10%. At the same time, 0.50 percent more interest is being given to senior citizens. That is, in this special scheme, senior citizens will get up to 7.60 percent interest. Apart from this, State Bank will give 1% extra interest to its employees and pensioners on this special scheme.

400 days duration

Let us tell you that the total tenure on this scheme is 400 days. In this scheme, customers can deposit Rs till 31 March 2023.

SBI has increased the rates of other FDs

Let us tell you that SBI has also increased the rates of FD and RD. SBI is giving 3.00-6.50% interest rate on FDs ranging from 7 days to 10 years and 3.50-7.25% to senior citizens.

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Fixed deposit scheme of post office is called term deposit scheme. You can invest money in this scheme for 1 year, 2 years, 3 years and five years. Recently, the government has increased the interest rates of many small savings schemes. These include the name of Post Office’s Time Deposit Scheme.

Customers getting higher interest rate

The government has increased the interest rates of post office time deposit scheme by 20 basis points on January 1, 2023. After this increase, now the five-year FD scheme of the post office is getting 7.00 percent interest rate. Customers are getting 6.6 percent interest rate on 1 year FD. At the same time, 6.8 percent interest rate is being offered on FD of 2 years and 6.9 percent on FD of 3 years.

Will get the benefit of tax exemption

By investing in Post Office Time Deposit Scheme for 5 years, you will get a deduction of Rs 1.5 lakh under Section 80C of Income Tax, 1961. Along with this, you can invest in this scheme in multiples of Rs 1,000 to a maximum of 100 as per your need. There is no limit to the maximum investment in this.

Special features of Post Office Time Deposit Scheme-

• You can open this account as a single account.
• You can open this account as a joint account with two or three people.
• You can open this account for a minor child (above 10 years) under parental supervision.

How much return will you get-

If you invest money in the time deposit scheme of the post office for 5 years, then at the rate of 7 per cent you will get Rs 2,07,389 as interest. In this case, on maturity, you will be the owner of the entire Rs 7,07,389. Whereas, if you reinvest this amount, you will get a total of Rs 10,00,799 on maturity.

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Public sector giant Punjab National Bank (PNB) has launched a special FD scheme for a tenure of 600 days. This scheme is valid on FDs up to Rs 2 crore. Under this, interest rates up to 7.85 percent are being offered to senior citizens and super senior citizens.

Giving information about this, Atul Kumar Goel, MD & CEO, Punjab National Bank said, “Our aim is to offer best in class offers to our customers. With such high FD rates, the bank is giving a good option to the customers. So that customers can earn the most on their savings.

This is the special FD scheme of PNB Special FD scheme of PNB for people of 60 years and above (Senior Citizen) and 80 years and above (Super Senior Citizen) on FD up to Rs 2 crore Interest is being offered on the rates. This plan with FD of 600 days comes with both callable and non-callable options. Existing customers of the bank can avail this scheme through PNB ONE App and internet banking.

Under the scheme, the interest

rate of PNB’s special FD has been implemented from October 11. Under this scheme, PNB is offering 7.50 percent interest to senior citizens and 7.80 percent to super senior citizens in the callable option. In the non-callable option, the general public will get interest at the rate of 7.05 percent. On the other hand, senior citizens will get 7.55 percent and super senior citizens will get 7.85 percent interest. The highest interest is getting on special FDs at the rate of 7.85 percent.

These are the normal FD interest rates.

PNB offers FD plans with tenures ranging from 7 days to 10 years. Under this, interest from 3.50 percent to 7.50 percent is given. The interest rates on FDs are different for general citizens, senior citizens and super senior citizens.

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FD Premature Withdrawal Rule: With the changing times, many investment options have come nowadays, but even today, a large number of people in the country prefer to invest in the fixed deposit scheme of the bank. While investing in an FD scheme, you have to choose a period in which you invest your money in the bank.

For this period your money gets locked in the bank, but sometimes people suddenly need money. In such a situation, people take FD Premature Withdrawal Rules even before the completion of their FD period. In such a situation, such FD withdrawal is called Premature FD Withdrawal Rule.

You can withdraw money from FD before maturity, if a person keeps his money invested for the entire period of his FD, then he gets full money in return on maturity. If you break the FD on prematurity itself, then in such a situation penalty has to be paid. This penalty depends on the banks on your amount. Generally, most banks charge 0.5 to 1 percent interest rate from their customers on premature FD withdrawal from their customers. This penalty is levied on the interest money.

Know about the penalty of State Bank and HDFC Bank-

Let us tell you that the country’s largest public sector bank i.e. State Bank of India FD charges penalty from its customers on premature withdrawal of FD. If you do premature withdrawal on deposits of less than Rs 5 lakh, then you will have to pay 0.50 percent interest as a penalty. On the other hand, if you make premature withdrawal on deposits of more than Rs 5 lakh, you will have to pay an interest rate of up to 1 percent as a penalty. On the other hand, if you withdraw money before 7 days, you will not get any interest benefit on the deposit.

At the same time, HDFC Bank, the country’s largest private sector bank, also levies penalty interest rate of 1 percent on its customers on premature FD withdrawal. On the other hand, if you withdraw money within 7 to 14 days, then you will not have to pay any kind of penalty. Withdrawal of less than 1 year on ICICI Bank FD of less than 5 crores, you have to pay a penalty of 0.50 percent. At the same time, you will have to pay a penalty of 1 percent on withdrawal after a longer period of more than one year.

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After the completion of a certain period, fixed interest is earned on the deposited amount. If you are also thinking of investing in FD, then Bank of India’s ‘Star Super Triple Seven Fixed Deposit’ scheme can be of use to you. The bank has recently launched this scheme. BOI has offered attractive interest rates to its customers on this FD scheme. Know the details.

This scheme will mature on 777 days

Bank of India’s ‘Star Super Triple Seven Fixed Deposit’ scheme will mature on 777 days. On this new scheme, the bank has offered 7.25 percent interest to its customers on the deposited money. On the other hand, if senior citizens deposit the amount under this, then they will be paid an interest rate of 7.75%. The interest rates of 777-day FD scheme of Bank of India are much better than other investment options like Public Provident Fund, Senior Citizen Saving Scheme, National Savings Certificate.

Other FD interest rates

Not only this, Bank of India has increased the interest rate on FDs maturing in 555 days to 6.30%. At the same time, except for the 777 days scheme, other FD schemes which are from 2 years to 3 years, the bank is offering an interest rate of 5.75% on them. Apart from this, Bank of India will now pay an interest rate of 6.25% on schemes maturing in 3 years to 5 years and 5.75 per cent on FDs maturing in 5 years to 10 years.

On other FDs maturing between 1 year to 2 years except 555 days, the bank will pay an interest rate of 5.75%. At the same time, FDs maturing in more than 180 days and less than 1 year will get an interest rate of 4.60%. The interest rate of 3.85% has been offered by the bank on the schemes maturing in 46 days to 179 days, while the interest rate of 2.85% has been offered by the bank on the schemes maturing in 7 days to 45 days.

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First of all, if we talk about Canara Bank, then the bank has launched a special FD scheme plan, whose time period is 666 days. The bank will give an interest of 7% to common citizens and 7.50 percent to senior citizens on depositing money in this FD scheme of less than Rs 2 crore.

Canara Bank tweeted information

Canara Bank has given information about this special FD scheme by tweeting. Canara Bank is currently giving an interest of 2.90 to 5.75 percent to its general customers on FDs of 7 days to 10 years. Whereas, the bank is giving interest between 2.90 to 6.25 percent to its senior citizen customers on making FDs for the same period.

Unity Bank launched special scheme

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Two years ago, no one would have imagined that there would be such a bumper return on Fixed Deposit (FD). See the benefit of increasing the repo rate, see how much bumper benefit is being received on FD today. It seems that there is a competition among the banks to pay more and more interest.

The Reserve Bank is going to increase the repo rate again very soon, after which the FD rates will increase even more. Meanwhile, many banks have started special FD scheme for senior citizens, on which interest is being paid more than the general public. However, such FD schemes are being run for a short period of time or say for a fixed period only. The senior citizen customer has to deposit money in this fixed period, after which he will get the benefit of higher returns.

If you want to take advantage of higher interest, then senior citizens will have to invest in this fixed period. If you want to take advantage of higher returns, then you will have to invest in the special FD scheme by 30 September because after that this plan will be closed.

HDFC Bank and IDBI Bank’s Special Senior Citizen FD Scheme is closing on 30 September 2022. Similarly, ICICI Bank’s special senior citizen FD scheme named Golden Years FD is closing on 7 October. On the other hand, State Bank has extended the duration of the Special Senior FD Scheme till March 2023.

HDFC Bank’s Spatial Scheme

According to HDFC Bank, senior citizens who deposit less than Rs 5 crore in a special FD scheme with a maturity of 5 years one day to 10 years, will get a premium interest of 0.25 percent. This interest will be in addition to the 0.50 percent already available. This special FD scheme of HDFC Bank has started on 18 May 2020 and will run till 30 September 2022. New FDs opened during this period or renewing old FDs will get the benefit of additional interest rate.

IDBI Bank Naman Deposit

IDBI Bank also runs a special FD scheme for senior citizens named Naman Deposit Scheme. In this deposit scheme, 0.75 percent interest is being given to senior citizens. This FD scheme of IDBI Bank is applicable till September 30, 2022.

ICICI Bank Golden Years FD

ICICI Bank is running a scheme in the name of Golden Years FD. The bank has said that 0.20 percent more interest is being given to senior citizens on an additional 0.50 percent annual interest. The Golden Years FD scheme is being run till October 7, 2022, in which the benefit of higher interest is being given on new deposits and renewing old FDs. Therefore, senior citizens who want to earn more interest will have to open an account in this scheme by October 7

SBI Wecare Special Scheme

SBI is running WeCare Special Scheme for Senior Citizens. The term of this scheme, which started in May 2020, has been extended till March next year. This scheme was started in view of the Kovid epidemic, but in view of the huge demand of the customers, its period has been extended.

SBI WeCare Deposit has been introduced for senior citizens in the retail term deposit segment, wherein senior citizens will be paid an additional premium of 30 basis points (over the existing 50 basis points) for 5 years on their retail term deposits. SBI WeCare Deposit Scheme has been extended till March 31, 2023.

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Most of the lenders launched their plans at the onset of COVID-19, but some of them have started discontinuing them since then. Where IDBI’s Naman Senior Citizen Deposit started on April 20. HDFC Senior Citizen Care FD was unveiled on May 18, 2020.

IDBI’s Naman Senior Citizen Deposit:

With this scheme, older people get an additional 0.75% interest rate (0.25% on top of the current rate plus an additional 0.50% p.a.). It takes a year to 10 years to reach maturity.

HDFC Senior Citizen Care Fixed Deposit:

It takes five to ten years to mature. Non-resident Indians are not eligible for this program (NRI). Customers who opt for the Senior Citizen Care FD offer will get 0.75% higher interest. TDS will be deducted when the interest or reinvestment payable on RDs and FDs exceeds Rs 40,000 (Rs 50,000 for senior citizens) in a financial year for a customer across all branches.

If the Fixed Deposit booked under the above offer is prematurely closed (swapped in or partially closed) on or before the stipulated 5 year period, the rate of interest will be at the contracted rate or the base rate effective during that time. 1.00% less than time, whichever is less.

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The bank has decided to increase the interest rate on its FD scheme of less than Rs 2 crore. These new rates have come into effect from 19 September 2022. The bank has increased the interest rates of FD by 10 basis points. Now the bank is offering 2.50% to 6.10% interest rate on FDs ranging from 7 days to 10 years to customers.

At the same time, the bank is giving interest rates ranging from 3.00% to 6.60% to senior citizen customers on FDs of less than 2 crores. In such a situation, if you are also thinking of opening an FD account in the bank, then we are giving you information about the rate of interest offered on different periods-

Interest available on FDs of less than 2 crores-

Kotak Mahindra Bank is offering 2.50% interest rate to its general customers on FDs of 7 to 14 days. On the other hand, the bank 2.65% on FD of 15 to 30 days, 3.25% on FD of 31 to 45 days, 3.25% on FD of 46 to 90 days, 3.75% on FD of 91 to 120 days, 3.75 on FD of 121 to 179 days. %, Kotak Mahindra Bank is offering 5.00% interest rate on 180 days FD.

Bank 5.00% on 181 days to 269 days FDs, 5.00% on 270 days FDs, 5.00% on 271 to 363 days FDs, 5.25% on 364 days FDs, 5.75% on 365 days to 389 days FDs, 6.00% on 390 days FDs, 6.00% on 391 days FDs, 6.10% on 23 months FDs, 6.10% on 23 months FDs, 6.00% on 23 months to 3 years, 6.10 on 2 to 3 years FDs %, 6.10% on FDs of 3 to 4 years, 6.10% on FDs from 4 to 5 years and 6.10% on FDs from 5 to 10 years Kotak Mahindra Bank is offering customers.

Extra Benefit for Senior Citizen Kotak Mahindra Bank is offering 0.50% higher interest rate to its Senior Citizen (Kotak Mahindra Bank FD Rates for Senior Citizen) customers. The bank offers senior citizens the highest rate of interest on fixed deposits ranging from 23 months to 10 years. Where the bank offers 6.10% interest to the general citizens. At the same time, the bank is offering 6.60% interest to senior citizens.

RBI is continuously increasing the repo rate –

To control the rising inflation in the country, the Reserve Bank is continuously increasing the repo rate. The bank has increased the repo rate from 4.00% to 5.40% in the month of May, June and August. Due to this, FD rates, savings accounts and RD rates are increasing continuously. In the recent times, many banks in the country like Bank of Baroda, Axis Bank, Indian Overseas Bank etc. have increased their FD rates.

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