FD interest rates: THESE 4 special fixed deposits to discontinue on March 31

Jyoti — Mon, 10 Mar 2025 12:02:51 +0000

FD Rates: Given the possible interest rate cut by RBI, this is the right time to invest in these special FD schemes soon. If banks reduce interest rates, investors will get less interest on FD in future.

If you want to take advantage of higher interest rates, you can invest in these schemes before March 31, 2025. In recent years, banks have offered special fixed deposits (FDs) to attract investors. These offer higher interest than traditional FDs. Senior citizens especially get better returns from these schemes.

However, the recent indications of a cut in policy rates by the Reserve Bank of India (RBI) have increased the possibility that FD interest rates may also come down. Since interest rates usually change according to the monetary policy of the RBI, there is also a possibility that banks may soon discontinue these special FD schemes. For this reason, investors are advised to take advantage of these special schemes by investing before the deadline of March 31, 2025.

Major FD schemes of banks and their interest rates

1. State Bank of India (SBI) – Amrit Vrishti & Amrit Kalash

2. Indian Bank – IND Supreme 300 Days & IND Super 400 Days

3. IDBI Bank – Utsav Callable FD

4. Bank of Baroda – Monsoon Dhamaka FD

SBI’s Amrit Varsha and Amrit Kalash FD

Amrit Varshi (444 days)

7.25% interest for general citizens

7.75% interest for senior citizens

Amrit Kalash (400 days)

7.10% interest for general citizens

7.60% interest for senior citizens

IDBI Bank Utsav Callable FD

This scheme offers different interest rates for different maturity periods ranging from 300 to 700 days.

Indian Bank Special FD Schemes

IND Supreme 300 Days & IND Super 400 Days

Maximum interest rate of 8.05% for super senior citizens

Ordinary investors are also getting higher interest.

Bank of Baroda Monsoon Dhamaka FD

333 days FD – 7.15% interest for general citizens and 7.65% for senior citizens.

399 days FD – 7.25% interest for general citizens, 7.40% on non-callable deposits and 7.75% for senior citizens.

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