Indian Bank Special FD Scheme : Indian Bank has extended the deadline for its two special fixed deposit schemes, Ind Secure and Ind Green. Investors will now be able to avail of these schemes until December 31, 2025, compared to the previous deadline of September 30, 2025. Consequently, Indian Bank has given its customers three more months to earn higher returns. Currently, Indian Bank offers interest rates ranging from 2.80% to 6.70%, including special FD schemes.

Ind Secure FD Scheme

Indian Bank’s Ind Secure FD scheme has a maturity period of 444 days. The bank offers an interest rate of 6.70% for general citizens, while senior citizens receive an annual interest rate of 7.20%. Super senior citizen customers are offered a fixed return of 7.45%. Investments in Indian Bank’s Ind Secure Special FD scheme can start with as little as ₹1,000, with a maximum investment limit of ₹3 crore. This scheme is available as an FD and a Money Multiplier Deposit (MMD).

Ind Green FD Scheme

Meanwhile, Indian Bank’s Ind Green Special FD scheme has a maturity period of 555 days. This scheme also requires a minimum investment of ₹1,000, with a maximum limit of ₹3 crore. This scheme offers investors a safe investment option and excellent returns. However, it falls within the normal fixed deposit rate.

Indian Bank FD Rates

Indian Bank currently offers interest rates of 2.80% and 6.7% for general citizens on fixed deposit schemes, including special FDs. For general citizens, interest rates range from 3.3% to 7.20%. This interest rate applies to FDs of less than ₹3 crore.

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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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The offers available for limited time period in these FD schemes give higher interest to the depositors, especially senior citizens, than normal FDs. The effect of the increase in repo rate by RBI after the Covid epidemic is seen on the interest rates of banks.

Advice to invest in special FD schemes for higher profits

The Reserve Bank of India (RBI) has cut the interest rate in the past few days. Usually, the interest rates of banks are determined by the RBI policy. Therefore, in the coming time, banks may cut the interest rate on FDs. It is possible that in the coming time, banks may also discontinue the special FD scheme. Therefore, people who want more profits are advised to invest before the last date of the special FD scheme.

Attractive FD schemes of banks

Nowadays, many big banks are offering high interest FD schemes. State Bank of India (SBI) Amrit Vrishti and Amrit Kalash Yojana are being liked by the people. Apart from this, Indian Bank has IND Supreme 300 days and IND Super 400 days FD scheme. IDBI Bank has Utsav Callable FD scheme. You can invest in all these FD schemes till 31 March 2025. Let us know about all these FD schemes in detail-

SBI Amrit Vrishti

SBI’s Amrit Vrishti (444 days) scheme offers an interest rate of 7.25% for general citizens and 7.75% for senior citizens. Similarly, in SBI’s Amrit Kalash (400 days) scheme, general citizens get 7.10% interest and senior citizens get 7.60% interest. In simple words, in both these schemes of SBI, senior citizens get slightly more interest than general citizens.

IDBI Bank

IDBI Bank’s Utsav Callable FD scheme offers interest rates for different tenures ranging from 300 to 700 days. Apart from this, Indian Bank’s IND Supreme 300 days and IND Super 400 days FD schemes also offer good interest rates. In this, super senior citizens get interest up to 8.05%.

Bank of Baroda has launched a Fixed Deposit (FD) scheme named Monsoon Dhamaka in July 2024. Common people will get 7.15% interest on FDs up to 333 days. Senior citizens are given 7.65% interest on this. Common investors will get 7.25% interest on FDs of 399 days. 7.40% interest will be given on non-callable deposits. Senior citizens can get interest up to 7.75%.

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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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Currently, Indian Bank, Punjab and Sindh Bank, IDBI and SBI have brought this golden opportunity for their customers. Customers can invest in special FDs of these banks at higher interest rates till September 30. Let us know which bank is offering how much interest on its special FD.

IDBI Bank: Festive FD

IDBI Bank is offering Utsav FD scheme to its customers. This FD scheme is available for 300 days, 375 days, 444 days and 700 days. General category customers will get 7.05% interest rate under Utsav FD scheme on completion of 300 days while senior citizens will get 7.55% interest rate.

On investing in Utsav FD for 375 days, senior citizens will get 7.65% interest rate which is more than the interest rate of 7.6% given by the bank earlier. The bank used to provide 7.1% interest rate to the general category but currently in this period the interest has increased to 7.15%. The interest rate for FD of 444 days is 7.35%, while for senior citizens this rate is 7.65%. On investing for 700 days, the bank is giving an interest rate of 7.20% to the general category while senior citizens are getting the benefit of 7.70%.

Indian Bank Special FD

Indian Bank is offering 7.05% interest rate to general public, 7.55% to senior citizens and 7.80% to very senior citizens under Ind Super 300 Days. Under its second 400 days FD scheme, Indian Bank is offering 7.25% interest rate to general category citizens. The bank is offering 7.75% interest rate to senior citizens and 8.00% interest rate to very senior citizens. The last date to invest in Indian Bank Special FD is 30 September 2024.

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Punjab and Sind Bank Special FD

Punjab and Sindh Bank’s 222 days special FD will get an interest rate of 6.30% and 333 days FD will get an interest rate of 7.15%. On investing in FDs with a duration of 444 days, the bank is giving 7.25% interest to ordinary citizens. The deadline for investing in Punjab and Sindh Bank’s special FD has been fixed as 30 September 2024.

SBI: Amrit Kalash and Weakfare

SBI has come up with two special FD schemes for its customers. According to the bank’s website, under the ‘Amrit Kalash’ (400 days) scheme, SBI is offering an interest rate of 7.10%. Senior citizens are getting an interest rate of 7.60%. The second FD is ‘SBI Weakfare’. The interest rate offered under this scheme is 7.50%.

According to the SBI website, the public is being given an additional premium of 50 basis points on the card rate. Customers can avail all these offers till 30 September 2024. Contact your nearest bank branch to avail the schemes.

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When are both the schemes ending?

As per the information available on the website of both the banks, SBI ‘s Amrit Kalash Deposit Scheme and IDBI’s Amrit Mahotsav FD will expire on August 15. Let us know one by one what is special in both the schemes?

Amrit Kalash Deposit Scheme

Amrit Kalash Deposit Scheme of State Bank of India (SBI) is going to end on 15th August. SBI had launched a specific term plan of “400 days” (Amrit Kalash) in February.

This special FD offer offers an interest rate of 7.6 per cent to senior citizens and 7.1 per cent to others for a tenure of 400 days. In this FD, customers can also avail premature and loan facilities.

What is the latest interest rate of SBI?

SBI offers an interest rate of 3 to 7 per cent for regular citizens and 3.5 to 7.5 per cent for senior citizens on FDs maturing in seven days to 10 years. Let us tell you that these rates are applicable from 15 February 2023.

Amrit Mahotsav FD Scheme

IDBI Bank launched a special FD scheme of 375 days in July. On a special maturity period of 375 days, IDBI Bank offers an interest rate of 7.10 per cent for general public and 7.60 per cent for senior citizens.

The last date to invest in IDBI’s Amrit Mahotsav FD for 375 days and 444 days is August 15, 2023.

What is the latest interest rate of IDBI?

IDBI Bank offers interest rates of 3 percent to 6.5 percent on FDs maturing in seven days to five years for general customers and 3.5 percent to 7 percent for senior citizens. According to the bank’s website, these rates are applicable from July 14, 2023.

Disclaimer: (This information is based on the information received, please take the opinion of your investors before investing and invest at your own risk.)

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4 special FD schemes offering the highest interest rate are going to close soon. In such a situation, if you want to invest with more profit, then investing in these 4 schemes can prove to be beneficial.

Investment in HDFC Bank Senior Citizen Care FD till July 7

HDFC Bank started Senior Citizen Care FD in May 2020. In this special FD, the bank offers 0.25% interest rate in addition to the existing 0.50% on investments below Rs 5 crore. The bank is giving 7.75% interest rate on this scheme for a period ranging from five years to ten years. Senior Citizen Care FD will expire on July 7, 2023.

SBI Amrit Kalash Investment Date till June 30

State Bank of India’s 400 days special FD scheme SBI Amrit Kalash offers investors a higher rate of interest than other FDs. The bank has fixed the last date for investment in SBI Amrit Kalash Deposit Scheme as June 30, 2023. According to SBI’s website, 7.10% interest rate is being given to general investors on Amrit Kalash, a special deposit scheme of 400 days tenure. Whereas, senior citizens are eligible for an interest rate of 7.60% on investing in this scheme. According to SBI, investors can invest in Amrit Kalash scheme from 12 April 2023 to 30 June 2023.

Investment in SBI WeCare till June 30

SBI is operating the SBI WeCare Deposit Scheme to help senior citizens protect their income. The investment tenure in this special VCare Deposit scheme is 5 years and 10 years. The bank is offering interest at the rate of 7.50 per cent to the investors of SBI Vcare. Customers can invest till June 30, 2023 on this special investment scheme of State Bank of India.

Investment in Indian Bank Special FD Indian Bank is running Ind Super 400 Days Special Fixed Deposit Scheme for its customers till 30th June . Indian Bank is giving an interest rate of 7.25% on investment to the general public on this FD scheme. Whereas, an interest rate of 7.75 per cent has been offered to senior citizens.

On the other hand, if very senior citizens invest in Ind Super 400 Days Special Fixed Deposit Scheme, then they will be given 8.00% interest rate. According to the bank, the last date for investing in this scheme is 30 June 2023.

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Some banks have even launched special FD schemes for their customers. Private sector lender Yes Bank has recently changed the interest rates on fixed deposits under ₹2 crore. According to the official website of Yes Bank, the new FD rates are effective from today, May 2, 2023.

After the revision, the bank is now offering interest rate on deposits maturing in 7 days to 10 years which ranges from 3.25% to 7.00% for general public and 3.75% to 7.75% for senior citizens. Apart from this, the bank is now offering a maximum interest rate of 7.75% for general public and 8.25% for senior citizens on deposits of 18 months to 36 months.

Yes Bank FD Rates

The bank is now offering an interest rate of 3.25% on fixed deposits maturing in 7 to 14 days, while the bank is now offering domestic term deposits maturing in the next 15 to 45 days. But is offering an interest rate of 3.70%. The interest rates offered by Yes Bank are 4.10% for deposits for 46 days to 90 days and 4.75% for deposits for 91 days to 180 days.

Deposits maturing between 181 and 271 days will now fetch 6.00% interest, while deposits maturing between 272 and 1 year will now fetch 6.25%. Yes Bank will pay an interest rate of 7.50% on FDs maturing between 1 year to 18 months and 7.75% on those maturing in 18 months to 36 months. The rate of interest applicable for term deposits between 36 and 120 months is 7.00%.

Senior citizens will get double benefit

On Yes Respect Fixed Deposit, senior citizens will get an additional interest rate of 0.50% over and above the regular rates for tenures ranging from 7 days to less than 3 years. Whereas on Yes Respect Plus Fixed Deposit, senior citizens will get an additional interest rate of 0.75% over and above the regular rates for tenures of 3 years to 10 years.

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