These new rates are effective from June 9, 2025. Investments in the IND SECURE scheme can be made till September 30, 2025. Apart from this, the bank has not made any change in the interest of the 555-day IND SECURE FD scheme.

444 days IND SECURE FD scheme

• Start: 8 May 2025
• Minimum investment: Rs. 1,000
• Maximum investment: Less than Rs 3 crore

Interest rate

• General customers will get – 6.90% annual interest
• Senior citizens will get 7.40% annual interest.
• Super senior citizens will get 7.65% annual interest.

Earlier this much interest was being paid:

• 7.15% for general customers
• 7.65% for senior citizens
• 7.90% interest for super senior citizens

This time, returns have been improved especially for senior and super senior citizens, so that they can get more benefits on their savings.

IND GREEN – 555 days FD – There has been no change in the rates of this FD.

• Launch: May 8, 2025
• Minimum investment: Rs 1,000 crore
• Maximum investment: Less than Rs 3 crore

Interest rate

• 6.80% for general customers
• 7.30% for senior citizens
• 7.55% for super senior citizens

There is no change in this FD scheme and it is available at the same rates as before.

Other Regular FD Rates – FD up to Rs. 3 crore

What changed and why?

Rate cut on IND SECURE:
Earlier it was 7.15% for general customers, which has now come down to 6.90%. Both have been balanced to give some relief to senior and super senior citizens and general customers.

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The bank was offering interest at the rate of 7.15 percent per annum on this, but now the bank has reduced the interest on this FD. This scheme is for a period of 444 days, which was similar to the Amrit Vrishti scheme of SBI Bank. SBI’s special scheme is for 444 days. These new rates have come into effect from May 5, 2025.

Interest Rate in BOB Square Drive Deposit Scheme

General citizens were being offered 7.15% annual interest, which has been reduced to 7.10%. Senior citizens were being offered 7.65% annual interest, which has been reduced to 7.60%. Apart from this, super senior citizens are being given 7.70% interest instead of 7.75% annual interest. The bank has reduced the interest on this FD by 0.05%.

Interest on BOB FD

• 7 days to 14 days – 4.00% for general public; 4.50% for senior citizens
• 15 days to 45 days – 4.00% for general public; 4.50% for senior citizens
• 46 days to 90 days – 5.50 per cent for general public; 6 per cent for senior citizens
• 91 days to 180 days – 5.60 per cent for general public; 6.10 per cent for senior citizens
• 181 days to 210 days – 5.75 per cent for general public; 6.25 per cent for senior citizens
• 211 days to 270 days – 6.25 per cent for general public; 6.75 per cent for senior citizens
• 271 days and above and less than 1 year – 6.50 per cent for general public; 7 per cent for senior citizens
• 1 year – 6.80 percent for general public; 7.30 percent for senior citizens
• More than 1 year and less than 400 days – 6.80 per cent for general public; 7.40 per cent for senior citizens
• Above 400 days and upto 2 years – 6.80 per cent for general public; 7.40 per cent for senior citizens
• Above 2 years and upto 3 years – 7.00% for general public; 7.50% for senior citizens
• Above 3 years and upto 5 years – 6.80% for general public; 7.30% for senior citizens
• Above 5 years to 10 years – 6.50% for general public; 7.50% for senior citizens
• Above 10 years (Court Order Scheme) – 6.25 per cent for general public; 6.75 per cent for senior citizens
• 444 days – (Square Drive Deposit Scheme) – 7.10 percent for general public; 7.60 percent for senior citizens

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The bank is giving good returns on these. The last date for investment in both these schemes is 31st March. That means only a few days are left.

o invest money, many people prefer Fixed Deposit (FD) instead of the stock market. FD gives a fixed return to the investors irrespective of the fluctuations in the stock market. Banks launch special FDs from time to time. These give higher returns than normal FDs. State Bank of India (SBI) has two such special FDs. These are giving up to 7.75% interest. If you want to invest in these, then hurry up. The last date for investing in these is 31st March.

The names of these two special FDs of SBI are SBI Amrit Vrishti and SBI Amrit Kalash. Actually, SBI runs many special FD schemes for different types of investors. These FD schemes are made keeping in mind the needs of different people. Investment is made in special FDs only for a fixed period. After that these schemes end.

1. SBI Amrit Vrishti

SBI Amrit Vrishti is a special FD scheme which is for 444 days. Common people get 7.25% annual interest in this scheme. At the same time, senior citizens get 7.75% interest. You can invest in this FD scheme till March 31, 2025.

How much return will you get?

If you invest one lakh rupees in this scheme, then after 444 days i.e. on maturity, this amount will increase to Rs 109266. That is, you will get Rs 9266 as interest. Senior citizens will get Rs 109936.

If you invest Rs 2 lakh in it, then on maturity this amount will increase to Rs 218532. That is, you will get Rs 18532 as interest. Senior citizens will get Rs 219859 on maturity.

2. SBI Amrit Kalash

SBI Amrit Kalash is another special FD scheme which is for 400 days. This scheme gives 7.10% annual interest. Senior citizens get 7.60% interest in this FD scheme. You can also invest in this till 31 March 2025.

How much return will you get?

If you invest one lakh rupees in this scheme, then after 400 days i.e. on maturity, this amount will increase to Rs 107781. That is, you will get Rs 7781 as interest. Whereas senior citizens will get Rs 108329.

If you invest Rs 2 lakh in it, then on maturity this amount will increase to Rs 215562. That is, you will get Rs 15562 as interest. On the other hand, senior citizens will get Rs 216658 on maturity.

How can you invest?

To invest in these FDs, you will have to go to the nearest SBI branch with the necessary documents. If you have a bank account in SBI, you can also start investing in it online. Investment in these FDs can also be started through internet banking or SBI’s YONO app.

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New 555 days Utsav Callable FD

IDBI Bank has launched Utsav FD with a new period of 555 days from 23 December 2024. This scheme will be valid till 15 February 2025. That is, you can invest in it till 15 February. Let us tell you here that premature withdrawal of money is not allowed in callable FD. Apart from this, the time limit of already running 300, 375, 444 and 700 days special FD schemes has been extended till 31 March 2025.

Utsav FD Interest Rates – For General Citizens

300 days: 7.05%

375 days: 7.25%

444 days: 7.35%

555 days (new plan): 7.40%

700 days: 7.20%

Interest received by senior citizens on FD

300 days: 7.55%

375 days: 7.75%

444 days: 7.85%

555 days (new plan): 7.90%

700 days: 7.70%

IDBI Bank Normal FD Rates

IDBI Bank is offering interest rates ranging from 3% to 7% on normal FDs. These rates apply to deposits less than Rs 3 crore. For senior citizens, these interest rates range from 3.50% to 7.50%. These rates apply to FDs with tenures ranging from 7 days to 10 years. The new rates are applicable from 23 December 2024.

Rules for closing FD before time

As per the rules of IDBI Bank, if the customer closes the FD prematurely, the bank levies a penalty charge of 1%. This charge is also applicable on partial withdrawals and withdrawals through swipe-in.

Special opportunity for customers

There is a new FD of 555 days and an extension of the already running special schemes. Customers are getting higher returns on this. If you are planning to invest in FD, then this time can be beneficial for you. Read the terms and conditions of FD thoroughly before investing.

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In this FD, general citizens get 7.4% and senior citizens get 7.9% and super senior citizens get 8.05% interest. Apart from this, Punjab & Sind Bank also has special FDs of 222 days and 333 days. The time for investing in these FDs was till 30 September but now it has been extended to 31 October 2024. Along with this, the bank has also revised the interest rates on its general FDs. These new rates have come into effect from October 1.

Special FD of Punjab and Sindh Bank

Punjab and Sind Bank is offering special FDs of 222 days, 333 days and 444 days to its customers. These special FDs are offering a maximum interest of 8.05 percent. According to the bank’s website, the bank is offering 7.05 percent interest on 222 days FD, 7.10 percent on 333 days FD and 7.25 percent on 444 days FD. The bank is offering 8.05 percent interest to super senior citizens on 444 days FD. The bank gives an extra interest of 0.50 percent to senior citizens. Super senior citizens get an additional interest of 0.15 percent in addition to 0.50 percent.

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Its deadline has also been kept till 30 September 2024. Here you will get up to 8 percent interest, that too in a period of one year.

New Delhi. Higher interest on short-term FDs, if you also want to take advantage of this scheme, then only 12 days are left. This special FD of 3 government banks including SBI will be closed on 30 September. These government banks had launched this special FD to attract customers. SBI, IDBI and Indian Bank offer interest ranging from 7.05 percent to 7.35 percent on their special FDs.

The biggest thing is that the tenure of these FDs is only 300 days to 444 days. This means that if you deposit money for about a year, you get more than 7 percent interest. Usually, one-year FDs get around 6 percent interest. So if you do not like to take more risk and want to get more interest, then you can invest in FDs of these three banks before September 30, 2024.

Interest on FDs is going to decrease.

It is being speculated that the US central bank Federal Reserve may reduce interest rates for the first time in 4.5 years after inflation and other figures come under control. After this, RBI can also decide to reduce the repo rate in India. In such a situation, there is a big expectation that banks will also reduce the interest rate on FDs in the future. Obviously, you can also get less interest on FD in the future. In such a situation, it would be better to take advantage of this special FD.

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How much interest is there on IDBI FD

IDBI Bank’s Utsav FD scheme has been launched for 300, 375, 444, and 700 days. Under this scheme, senior citizens get 7.55 to 7.85 percent interest, while other general investors get 7.05 percent to 7.35 percent interest. This interest is decided on the basis of the tenure of the FD.

How much will SBI pay

SBI had also launched a special FD called Amrit Kalash. This FD of 400 days is getting 7.10% interest, while senior citizens are given 7.60% interest. The validity of this FD is also ending on 30 September. Indian Bank is also offering 7.05% interest to general citizens, 7.55% to senior citizens and 7.80% to super senior citizens on its 300-day Super FD. The interest on 400-day FD starts from 7.25% and goes up to 8%.

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Good news for FD customers! Banks have started increasing fixed deposit rates or new FD schemes to attract customers. Due to increasing investment in mutual funds and decline in bank deposits, FD rates of banks and NBFCs remain at a high level. Let us tell you that RBL Bank, Federal Bank and IDBI Bank have launched special FD schemes for both general customers and senior citizens. Let us know how much interest is being given in the special FD of these banks.

RBL Bank FD

RBL Bank has announced a 500-day special FD on the occasion of Independence Day, the rates of which start from 8.1% to 8.85%. This private sector bank is offering 8.1% interest to normal FD customers booking a 500-day FD scheme. Senior citizens (above 60 years of age but below 80 years of age) will get 8.6% and super senior citizens (above 80 years of age) will get 8.85% rate on FD. Customers can book fixed deposit schemes both online and offline using the RBL Bank app or by visiting a bank branch.

Federal Bank FD

Federal Bank has also announced a special scheme on Independence Day, under which customers are being offered fixed deposit rates up to 8.05%. The bank has announced new rates for deposits with tenures of 400 days, 777 days and 50 months. Normal citizens will be offered FD rates of 7.35%, 7.40% and 7.40% respectively. Senior citizens will get 7.85%, 7.90% and 7.90% interest rates respectively on FDs of these tenures. Under the non-callable category, the bank is offering 7.5%, 7.55% and 7.55% interest rates to general citizens on FDs of tenures of 400 days, 777 days and 50 months respectively. Senior citizens will get 8%, 8.05% and 8.05% interest rates respectively on FDs of these tenures. These rates are applicable on non-callable deposits of more than Rs 1 crore.

IDBI Bank FD

IDBI Bank is offering an interest rate of 7.05% to general citizens on its special Utsav FD maturing in 300 days. Senior citizens are being offered an interest rate of 7.55% on Utsav FDs of tenure of 300 days. On a tenure of 700 days, an interest rate of 7.20% is being offered for general citizens and 7.70% for senior citizens. For Utsav FDs with tenure of 375 days, interest rates are up to 7.25% for general citizens and up to 7.75% for senior citizens. On FD schemes with tenure of 444 days, the bank now offers an interest rate of 7.35% for general citizens and 7.85% for senior citizens. The new rates will be applicable from August 15, 2024.

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SBI Special FD – Amrit Vrishti

State Bank of India (SBI) has launched a new limited period deposit scheme named Amrit Vrishti. This is an FD scheme that offers higher interest. Amrit Vrishti scheme is offering 7.25% per annum interest to general citizens on deposits of 444 days. Senior citizens are getting the same interest rate of 7.75%. This scheme is valid till 31 March 2025. The new scheme will be effective from 15 July 2024.

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Bank Of Maharashtra

Bank of Maharashtra has launched four FD schemes with different tenures. The bank is offering 200 days, 400 days, 666 days, and 777 days FDs. The bank is offering 6.9 percent interest for 200-day deposits, 7.10 percent for 400-day deposits, 7.15 percent for 666-day deposits, and 7.25 percent for 777-day deposits.

Bank of Baroda – Monsoon Dhamaka Scheme

Bank of Baroda has launched a new special FD scheme with higher interest rates. The new FD has been named Monsoon Dhamaka Deposit Scheme. The bank has also revised its regular FD scheme. Bank of Baroda is offering high interest FDs of 333 days and 399 days. At the same time, it is offering 7.15% interest on 333 days FD. Senior citizens will get 7.75% per annum for 399 days and 7.65% annual interest. BOB Monsoon Dhamaka FD is offering a maximum annual interest of 7.90% for 399 days. This scheme has started from 15 July 2024. These interest rates are applicable on retail deposits of less than Rs 3 crore.

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In this FD, general citizens get 7.4% and senior citizens get 7.9% and super senior citizens get 8.05% interest. Apart from this, Punjab & Sind Bank also has special FDs of 222 days and 333 days. The investment time in these FDs was till 30 June but now it has been extended to 31 September 2024.

Special FD of Punjab and Sindh Bank

Punjab and Sind Bank is offering special FDs of 222 days, 333 days and 444 days to its customers. These special FDs are offering a maximum interest of 8.05 percent. According to the bank’s website, the bank is offering 7.05 percent interest on 222 days FD, 7.10 percent on 333 days FD and 7.25 percent on 444 days FD. The bank is offering 8.05 percent interest to super senior citizens on 444 days FD. The bank gives an extra interest of 0.50 percent to senior citizens. Super senior citizens get an additional interest of 0.15 percent in addition to 0.50 percent.

Interest Rate on Regular FD

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Another advantage of FD is that you can invest in it for a term ranging from 45 days to 10 years. Different interest rates are given for different terms. Most banks offer 0.50% interest to senior citizens on FDs. But SBI is giving 1% extra interest to the elderly on an FD. In such a situation, they can get a good profit. Know about it here-

You will get benefit in this special scheme

We are talking about the WeCare FD scheme. The purpose of this special scheme of SBI is to secure the income of senior citizens by giving them additional interest on fixed deposits. Investment can be made in this for 5 years and 10 years. Currently, senior citizens are getting up to 7.50 percent interest on SBI’s WeCare scheme. But if you withdraw the money before time, then you will not be given the benefit of additional interest.

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Loan facility also

For this special fixed deposit of SBI, interest is paid at monthly, quarterly intervals. Interest is deposited in the customer’s account after deducting TDS. Senior citizens are also given the benefit of loan on this scheme. But if you want to invest in this scheme, then let us tell you that the benefit of the scheme can be availed only till 30 September 2024.

Why do banks give higher interest to senior citizens

Most banks include senior citizens in the list of priority customers. Banks consider them to be long term investors of low risk category. In such a situation, banks encourage senior citizens to invest by offering them higher interest rates. Due to higher interest rates, more and more elderly people invest money in that bank and the bank benefits from this.

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WeCare FD is a 5 to 10 year FD on which higher interest is being offered. 7.50 percent interest is being offered on SBI’s WeCare FD. This interest rate will be given on both new and renewable FDs. Investments can be made in this special scheme of SBI till 31 March 2024.

SBI WeCare Scheme

Senior citizens do not want to take too much risk for investment. If you are also planning to invest in FD for a long time, then SBI WeCare Scheme can be useful for you. Customers can invest in this special FD scheme of State Bank of India (SBI) till 31 March 2024. This scheme of SBI is giving extra interest of 0.50 percent to senior citizens. By making minimum investment in this FD scheme, you can get higher returns in 5 years and 10 years. This FD of SBI is getting interest at the rate of 7.50 percent.

SBI is giving so much interest on regular FD

SBI’s regular FD interest rates range between 3.50% and 7.50% for periods ranging from 7 days to 10 years. According to the rules of Income Tax, TDS is deducted in it. Investors can submit Form 15H/15G for exemption from tax deduction as per IT rules. SBI WeCare Special FD Scheme was started as an option for senior citizens to keep their money safe during the Covid times. This FD scheme is the FD scheme that gives the highest interest to the people.

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Apart from this, IDBI Bank has extended the deadline for investment in Special Deposit Scheme Amrit Mahotsav FD till 31st October. With this, investors have an opportunity to earn huge returns through deposit schemes.

IDBI Bank operates the Special Deposit Scheme Amrit Mahotsav FD in two tenures of 375 days and 444 days. The bank also offers the highest interest rate on this FD scheme. The last date to invest in this FD scheme was 30 September but now it has been extended till 31 October. It is said on the website of IDBI Bank that the festive offer of Amrit Mahotsav FD has been extended for 375 and 444 days till 31 October 2023.

Amrit Mahotsav FD 444 days tenure

According to IDBI Bank, regular customers, NRE and NRO customers are given an interest rate of 7.15% for investing in Amrit Mahotsav FD scheme for 444 days. At the same time, senior citizens are given 7.65% interest rate. The bank also allows investors to make premature withdrawal and closure of this FD.

Amrit Mahotsav FD 375 days tenure

IDBI Bank offers 7.65% interest to elderly people investing on Amrit Mahotsav FD with a tenure of 375 days. Whereas, regular customers, NRE and NRO customers are given an interest rate of 7.10% on Amrit Mahotsav FD with a tenure of 375 days. Also, premature withdrawal and closure are also allowed.

New IDBI Bank FD interest rates

Fixed deposit schemes of IDBI Bank are operated for general citizens with tenure ranging from 7 days to 10 years. On these tenures, the interest rate given to general citizens ranges from 3% to 6.80% and for senior citizens the interest rate is 3.50% to 7.30%. The new interest rates have been made effective from 15 September 2023.

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According to the bank’s website, the new interest rates have come into effect from July 28. FDs are being offered by the bank for a period ranging from 7 days to 10 years.

Bank of India FD interest rates

• On FD from 7 days to 45 days – 3.00 percent
• On FDs from 46 days to 179 days – 4.50 percent
• On FDs ranging from 180 days to 269 days – 5.00 percent
• On FDs from 270 days to less than one year – 5.50 percent
• On one year FD – 6.00 percent
• On FDs of one year one day to 399 days – 6.00 percent
• 400 days FD – 7.25 percent
• On FDs from 401 days to less than two years – 6.00 percent
• 2 years to less than 3 years on FD – 6.75 percent
• 3 years to less than 5 years on FD – 6.50 percent
• On FD from 5 years to 10 years – 6.00 percent

Senior citizens will get more interest

According to the information given on the bank’s website, senior citizens (60 years or more) will be given 0.25 percent interest in addition to 0.50 percent interest on FDs of 3 years or more. At the same time, in addition to 0.50 percent interest, 0.40 percent interest will be given to super senior citizens (80 years or more) for FDs of 3 years or more.

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These banks have also extended the deadline for investing in special FDs. Here’s a comparison of the special FD rates of SBI, HDFC Bank and ICICI Bank. Know here which bank is offering more interest to customers on Senior Citizen Special FD.

Interest rates on SBI WeCare FD (SBI WeCare FD interest rate)

The bank gives 0.50 more interest to senior citizens than the general customer on any FD. SBI WeCare is getting 7.50% interest. Investments under the scheme are made for a minimum of 5 years and a maximum of 10 years. These rates will be available on new and renewable FDs. The last date to invest in this scheme is 30 September 2023. Apart from this, SBI has Amrit Kalash scheme, which is being run keeping in mind the senior citizens. SBI offers interest ranging from 3.50 per cent to 7.60 per cent on its FDs.

FD for senior citizens of HDFC Bank (HDFC Bank senior Citizen Care FD interest rate)

HDFC Bank gives extra interest of 0.25% to super senior citizens on special FDs apart from 0.50% to senior citizens. Super senior citizens get an additional interest of 0.75 per cent. Super senior citizens get 7.75% interest on FDs of 5 years to 10 years. The last date to invest in Senior Citizen Care FD is 7 November 2023. HDFC Bank is offering interest ranging between 3.50% to 7.75% to senior citizens.

ICICI Bank Golden Years FD

ICICI Bank offers an interest of 0.10% to senior citizens in addition to an additional interest of 0.50% on the Golden Years FD scheme. There is no deadline for investment in this scheme. This scheme is running from 20 May 2020. Investments can be made in this for a minimum period of 5 years from 1 day to 10 years. The interest rate on this is 7.50%.

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According to the bank’s website, the last date for investing in Senior Citizen Care FD has been extended till November 7, 2023. HDFC Bank gives additional interest to customers falling in the senior citizen category. At the same time, the last date to invest in this scheme was July 7.

Get extra interest

HDFC’s Senior Citizen Care gives 0.25% additional interest on investing in FD. At the same time, the premium in this is 0.50 percent, which will be available on FDs of five years one day to 10 years. This interest rate is available on investments of less than five crore rupees. Senior Citizen Care FD holders will get interest at the rate of 7.75 per cent for a period of five years to 10 years. At the same time, the interest rate on deposits ranging from seven years to 10 years ranges from 3.35 percent to 7.75 percent.

Trying to make FD attractive

Apart from this, HDFC Bank has extended its special fixed deposit for senior citizens for investment till 30 September 2023. In the last financial year, the Reserve Bank had increased the repo rate continuously. After this, banks also increased the interest rates to make their FD schemes attractive. Along with this, many new FD schemes were also started. In the current financial year, the Reserve Bank has not yet increased the repo rate in any way. Repo rate is the rate at which the Reserve Bank lends to other banks.

FD scheme was launched

HDFC Bank calculates interest based on the actual number of days in a year. If the deposit is in a leap and a non-leap year, interest is calculated based on the number of days. That is, there are 366 days in a leap year and 365 days in a non-leap year. HDFC Bank had launched two special fixed deposit schemes in May for a limited period. The bank had launched two FD plans for a period of 35 months and 55 months.

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Interest rate on Senior Citizen Care FD

In May 2020, HDFC Bank launched the Special Fixed Deposit Scheme (Senior Citizen Care FD). Under the Citizen Care FD scheme, HDFC Bank is offering 0.25% additional interest rate to its investors on deposits below Rs 5 crore as compared to other FDs. Whereas, the bank already gives 0.50% higher interest rate to senior citizens as compared to other FDs. In this way, the total interest rate on this special FD scheme has increased by 0.75 percent.

According to the bank, the amount can be invested in the Senior Citizen Care Scheme for a tenure of five years from one day to 10 years, on which investors will get an interest rate of 7.75 percent. Investments can be made in this special care FD till 7 November 2023.

HDFC FD Interest Rates

HDFC Bank is offering interest rates between 3.5 per cent to 7.50 per cent for general citizens and senior citizens with tenures ranging from 7 days to 10 years. While 0.25 percent additional interest rate is available on Special Senior Citizen Care FD.

FD Premature Withdrawal Penalty

According to HDFC Bank, 1 percent of the interest rate applicable for premature closure of fixed deposit scheme will be reduced as penalty. The same penalty is applicable for all FD schemes except fixed deposits booked for a period of 7 to 14 days.

SBI and ICICI Bank also extended the investment date

HDFC Bank has extended the investment date in Senior Citizen Care FD scheme till 7th November. Whereas, SBI has extended the investment date for its special FD scheme VCare for senior citizens till 30 September 2023. At the same time, ICICI Bank has also extended the investment date in Golden Years FD for senior citizens.

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Ind super 400 days scheme

According to the bank’s website, the special retail fixed deposit product “Ind Super 400 Days” was launched on March 6, 2023. Under this FD, all the customers are getting the highest returns on investments ranging from Rs 10,000 to less than Rs 2 crore. This scheme has now been extended by the bank till 30 August 2023. Indian Bank is now giving 7.25 percent interest to the general public, 7.75 percent to senior citizens and 8 percent to super senior citizens.

Ind Supreme 300 Days Scheme

The bank has launched the “Ind Supreme 300 Days” scheme on July 1, 2023, under the Special Retail Fixed Deposit product, which is offering the highest return on investment of Rs 5000 to less than Rs 2 crore for 300 days FD. This special FD will continue till 31 August 2023. Indian Bank is now giving 7.05 per cent interest to the general public, 7.55 per cent to senior citizens and 7.80 per cent to super senior citizens.

How much interest is being received on FD

1. The bank is paying 2.8 percent interest on FDs of 7 days to 29 days.
2. 30 days to 45 days is giving 3% return to investors on FD.
3. Investors are getting 3.25 percent interest from the bank on FDs of 46 days to 90 days.
4. The bank is giving a return of 3.5% on FDs of 91 days to 120 days.
5. The bank is giving a return of 3.85 per cent to investors on FDs of 121 days to 180 days.
6. The bank is giving a return of 4.5 per cent to investors on FDs of 181 days to less than 9 months.
7. Is giving 4.75% return on FDs of 9 months to less than 1 year.
8. The bank is giving 6.1 per cent return to investors on 1 year FD.
9. The bank is giving 6.3 per cent return to investors on FDs of more than 1 year to less than 2 years.
10. The bank is giving a return of 6.7 per cent to people on FDs of 2 years to less than 3 years, which was a return of 6.5 per cent before a date.
11. The bank is giving 6.25 per cent return to investors on FDs of 3 years to less than 5 years.
12. Investors are getting 6.25 per cent tax return on FDs of 5 years and 6.1 per cent on FDs above 5 years.

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HDFC Bank said that this offer is only for a limited time. In such a situation, to take advantage of this, the customers will have to open the FD before the offer ends. According to the information available on the HDFC Bank website, “Introducing HDFC Bank Special Edition Fixed Deposit. On this special FD, customers will get interest at the rate of 7.20% for a period of 35 months.

Whereas for a period of 55 months Interest will be available at the rate of 7.25%. The offer does not end there! Senior citizens will get additional interest up to 0.50%. So hurry up! Offer valid for a limited period only!” These rates have come into effect from 29 May 2023.

HDFC Bank latest FD rates

HDFC Bank is currently offering its customers a minimum interest rate of 3% (0.50% additional for senior citizens) on FDs. This offer is for FDs ranging from 7 days to 29 days. You can see the latest FD rates of HDFC Bank below-

For a period of 7 to 29 days – 3.00%

For a period of 30 to 45 days – 3.50%

For tenure of 36 to 89 days – 4.50%

For tenure from 36 days to 6 months – 4.50%

From 6 months 1 day to 9 months – 5.75%

From 9 months 1 day to 1 year – 6.00%

From 1 year 1 day to 15 months – 6.60%

From 15 months 1 day to 18 months – 7.10%

From 18 months to 2 years to 11 months – 7.00%

Above all tenors – 7.00%

HDFC Bank special FD offer

From 2 years 11 months to 36 months – 7.20%

7.25% on Special FD with a tenure of 4 years 7 months

* Senior citizens will get 0.50% extra interest on all FDs.

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The bank is paying more than seven percent interest on fixed deposits of both these periods. Along with this, senior citizens will get an additional interest of 0.50 percent on the investment. However, this FD scheme is open for investment for a limited period of time.

Interest rate on Special FD

According to the bank, those investing in the Special Fixed Deposit Scheme with a tenure of 35 months or 2 years 11 months will get interest at the rate of 7.20 per cent. At the same time, the bank is offering interest at the rate of 7.25 percent on special FDs with a period of 55 months or 4 years and 7 months. HDFC Bank is offering interest ranging from three per cent to 7.25 per cent on its other term fixed deposits. The bank is offering a maximum interest rate of 7.25 per cent on fixed deposits with a tenure of 4 years, 7 months to 10 years.

FD interest calculation

According to the bank’s website, the current interest rates are applicable from May 29, 2023, on deposits of less than Rs 2 crore. Some time ago HDFC Bank has changed the interest rates of FDs of less than one year and 15 months and made it 6.6 percent. Usually, HDFC Bank gives between 3% and 7.10% on fixed deposits above Rs 2 crore for regular citizens.

HDFC Bank calculates interest based on the actual number of days in a year. If the deposit is in a leap and a non-leap year, interest is calculated based on the number of days. That is, there are 366 days in a leap year and 365 days in a non-leap year.

Fixed repo rate

In the last financial year, the Reserve Bank had increased the repo rate continuously. After this, banks also increased the interest rates to make their FD schemes attractive. In the current financial year, the Reserve Bank has not yet increased the repo rate in any way. Repo rate is the rate at which the Reserve Bank lends to other banks.

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HDFC Bank vs SBI vs ICICI Bank FD Scheme: State Bank of India, HDFC Bank and ICICI Bank have come up with a special FD scheme for senior citizens. Let us know on which bank’s FD you will get the benefit of higher interest rate on investment.

HDFC Bank has launched HDFC Senior Citizen Care Scheme for senior citizen customers. This scheme was launched at the time of Corona. If you want to invest in this scheme then you have time till July 7, 2023.

Under the HDFC Senior Citizen Care Scheme, senior citizens are getting a whopping interest rate of 7.75 per cent on deposit schemes ranging from 5 to 10 years. At the same time, the bank is offering 7.70 and 7.75 percent interest rate to senior citizens on FDs of 35 and 55 months.

SBI has launched We Care FD scheme for senior citizens. Under this scheme, senior citizens are getting 30 basis points more than normal customers.

Under the SBI V Care scheme, people above 60 years of age are getting 7.50 percent interest rate on 5-year FD scheme. On the other hand, under SBI’s Amrit Kalash scheme, senior citizens are getting 7.60 percent interest rate on 400 days FD.

ICICI Bank has launched the Golden Year FD scheme for senior citizens. Under this scheme, customers are getting 7.50 percent interest rate as compared to ordinary citizens.

Under the Golden Year FD scheme by ICICI Bank, you will get the benefit of 7.50 percent interest rate for a period of more than 5 years.

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HDFC Bank launched this special Senior Citizens Care FD in May 2020 amid the Covid pandemic. According to the bank’s website, the last date to invest in the Senior Citizen Care FD scheme has been extended till July 7, 2023. Let us know about every type of information related to this special scheme of this bank.

What is this special scheme of HDFC Bank

HDFC Bank offers an additional interest rate of 25 bps (over the existing premium of 50 bps) to senior citizens under this special fixed deposit scheme . The benefit of this rate of interest will be available on the tenure of 5 years one day to 10 years. The last date to invest under this scheme is 7th July 2023.

What is the rule for premature withdrawal

In this special fixed deposit scheme of HDFC Bank, if a senior citizen withdraws before time, then there is a rule for that too. According to the bank, if the term of the deposit is five years and it is withdrawn before maturity, then 1 percent less interest will be given than the applicable interest rate. On the other hand, if the FD period is five years or more, then 1.25 percent less return will be available.

How much interest is received

This special fixed deposit scheme was started in May 2020 by HDFC Bank . Under this scheme, this bank is giving the benefit of 0.25% extra interest on FDs of less than 5 crores. Under this scheme, an interest rate of 7.75 per cent is being offered for a period of five years from one day to 10 years.

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This special FD gives higher returns than the common censure citizens FD. A special scheme called Care FD for senior citizens was started in May 2020 i.e. three years ago only for some time, but the bank has continuously increased it. Senior citizens will be able to invest in the Care FD plan till July 7, 2023.

Get more returns

In this special scheme, senior citizens get 0.25% more return than normal FD. According to the HDFC Bank website, senior citizens get 50 basis points more returns than the general public. Suppose normal people are getting 7% return on bank FD of 10 years, but senior citizens will get 0.50% more i.e. 7.50% return. On the other hand, 0.25 percent more return will be given to the senior on the special FD. That is, senior citizens will be given 0.75 percent more return on special FD than normal people.

On premature withdrawal

If a senior citizen withdraws FD before maturity, then a rule has also been made for that. According to HDFC Bank, if someone’s FD is of 5 years or less and withdraws before maturity, then he will get 1 percent less than the applicable interest rate. On the other hand, if there is an FD of 5 years or more and if there is a premature withdrawal, then 1.25 percent less return will be given than the applicable interest rate.

SBI and ICICI Bank have increased the debt

On the other hand, the country’s largest bank SBI also started a special FD for senior citizens under the name VCare during the Covid period itself. SBI has also extended its date. On the other hand, ICICI Bank has also extended the date of its special FD scheme.

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The last date for investing in the Golden Year FD scheme was April 7, but seeing the interest of the investors in the scheme, the bank has extended it for 7 months. Now investors will be able to invest in this special FD till 31 October 2023. Being the most popular FD saving scheme among customers, the bank has extended the deadline for this FD scheme several times since the year 2020.

ICICI launched Golden Years FD for senior citizens in the year 2020. On investing in this fixed deposit scheme, the bank gives the highest rate of interest of 7.5 per cent. The bank has said that to motivate senior citizens to invest and to give more returns, the investment deadline in Golden Years FD Extend is being extended. Please tell that since September 2020, the bank has extended the deadline for investment in this FD several times.

Benefits of Golden Years FD

ICICI Bank offers 0.10 per cent to 0.50 per cent higher interest rate per annum as compared to other FDs on ICICI Bank Golden Years Fixed Deposit (ICICI Golden Years FD Scheme). The tenure of investment on Golden Years FD is 5 years to 10 years.

• An amount less than Rs 2 crore can be invested in the Golden Years Special FD.
• Investing customers can take a loan of up to 90 percent of the principal and interest earned on their FD.
• Against this FD, the investor can apply for a credit card from the bank.
• The bank offers premature withdrawal facility to the customers on this FD. If the amount of the scheme is withdrawn on or after 5 years and 1 day, then 1.00 percent penalty is applicable under March 2023.

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Interest on 222 days special FD

In the PSB Utkarsh 222 days special FD scheme offered by Punjab and Sind Bank, 8.00 percent interest is being given to general citizens, 8.50 percent to senior citizens and 8.85 percent to very senior citizens.

Interest on 300 days special FD

PSB Fabulous 300 days special FD from the bank is getting 7.50 percent interest for general investors, 8.00 percent for senior citizens and 8.35 percent for very senior citizens.

Interest on 601 days special FD

PSB Fabulous 601 days special FD is being given 7.00 percent interest to general investors, 7.50 percent to senior citizens and 7.85 percent to very senior citizens by Punjab and Sind Bank.

Interest on 1051 days special FD

PSB SRSD 1051 Days Special FD has been launched by the bank, in which interest of 7.00 percent is being given to investors and 7.50 percent to senior investors.

Interest on normal FD

On behalf of Punjab and Sind Bank, interest of 2.80 percent to 6.25 percent is being given on FDs of 7 days to 10 days. In this, the maximum interest of 6.75 percent is being given on FDs of more than two years and less than three years.

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The bank is now offering interest ranging from 2.80% to 6.25% on deposits maturing in 7 days to 10 years which is. While the maximum interest rate on fixed deposits maturing in 601 days is 7.25% for general public, 7.75% for senior citizens and 8.10% for very senior citizens. The rate of interest is applicable on all Fixed Deposits under the Capital Gain Account Scheme of 1988, Domestic Term Deposit, NRO Account, Capital Gain Account, Recurring Deposit Plan and PSB Fixed Deposit Tax Saver Plan.

As per the official website of the bank, the latest FD rates are effective from 21/02/2023. On fixed deposits maturing in 7 – 30 days, the bank is offering an interest rate of 2.80% while on FDs maturing in 31 – 45 days, the bank will now offer an interest rate of 3.00%. Punjab and Sind Bank (PSB) will offer an interest rate of 4.75% on deposits of 46-90 days and 5.10% on deposits of 91 days to 179 days.

Know when customers will get interest of more than 8%

Interest rate will now be 6.10% on deposits maturing in 180 days to 364 days, while those maturing in 1 year – 2 years will now get 6.40% interest rate. For deposits maturing in 2 years to more than 3 years, the bank will pay an interest rate of 6.75%. Punjab and Sind Bank (PSB) will now offer an interest rate of 6.25% on deposits of 3 to 10 years. Senior citizens will be given the benefit of additional interest of 0.50% on fixed deposits of less than Rs 2 crore.

Special FD Schemes

Punjab and Sind Bank (PSB) also offers special fixed deposit schemes with different tenures of 300 days, 601 days and 1051 days. On 300 days fixed deposit scheme, Punjab and Sind Bank (PSB) will get an interest rate of 5.25%, senior citizens will get an interest rate of 5.75% and very senior citizens will get an interest rate of 6.10%. On PSB Fabulous Plus 601 Days Fixed Deposit Scheme, regular customers of Punjab and Sind Bank (PSB) will get an interest rate of 7.00%, senior citizens will get an interest rate of 7.50% and super senior citizens will get an interest rate of 7.85%.

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Maximum interest on 500 days special FD

While the bank is giving 3.15% to 6.50% interest to its senior citizen customers on the same time period. On the other hand, the bank is paying a maximum interest of 7.40% on special FDs of 500 days (SIB 94 Plus) to its general customers. While the bank is giving a maximum interest of 7.50% on FD of 1 year 1 day to its senior citizen customers. According to the information received from the official website of the bank, the increased new interest rates will be applicable from January 29.

Increased new FD rates of the bank After the increase in the interest rate, the bank will give its customers 2.65% on FDs of 7 days to 30 days, 3.25% on FDs of 31 days to 90 days, 4.50% on FDs of 91 days to 99 days and Will pay 5.50% interest on 100 days FD.At the same time, the bank will pay 4.25% on FDs of 101 days to 180 days, 4.60% on FDs of 181 days to less than 1 year, 6.60% on 1 year FDs and 7% on FDs of 1 year and 1 day.

On the other hand, the bank is getting 7.40% interest on FDs ranging from 1 year 2 days to 499 days, 6.50% on FDs of 500 days, 7.40% on FDs of 501 days to less than 30 months, 6.50% on FDs of 501 days to less than 30 months. 7% on FD, 6.50% on FD from 30 months to less than 5 years, 6% on FD from 5 years to less than 66 months, 6.50% on FD of 66 months and FD from 66 months to 10 years But will give interest of 6%.

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After the increase in the interest rate, many banks are giving more than 8 percent interest on fixed deposits. At some places, up to 9 percent interest is being given to senior citizens. If you are also planning to invest in FD, then here is information about some such banks, which are offering 8.30% interest on FD.

However, this interest rate is not applicable for all senior citizens. Bank Super Senior Citizens, who are 80 years or more, are being given. Let us know which are these banks, which are giving more interest on FD.

RBL Bank

For senior citizens above 60 years and below 80 years of age, this bank is giving 50 basis points more interest than common citizens on fixed deposits. This bank is giving 75 basis points more interest to senior citizens above 80 years. This means that this bank is giving 8.3 percent interest to the super senior citizens. This interest rate is effective from November 25, 2022.

Union Bank of India

This bank is giving 0.50 percent interest per annum to senior citizens, while super senior citizens are paying 0.75 percent interest every year. According to Union Bank’s website, after the increase on November 25, a maximum interest of 8.05 per cent is being given to super senior citizens on fixed deposits with a tenure ranging from 800 days to 3 years.

PNB

According to the bank’s website, senior citizens are being given 50 basis points more interest than the normal FD rate on FDs of less than 2 crores. While 80bps more interest is being given to super senior citizens. On the tenure of 666 days, 8.10 percent interest is being given to the super senior citizens. This interest rate is effective from 12 December 2022.

Indian Bank

According to the website of Indian Bank, under a special FD, an additional 0.25 percent interest is being given on FD to an elderly person of 80 years or more.

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These rates have come into effect from yesterday Tuesday. Now senior citizens will get 7.85% interest. At the same time, the common people will get a maximum interest of 7.60 per cent on FD. However, senior citizens are getting the highest interest on FDs of 44 months.

He is getting 7.95 per cent interest on it. Common people are getting 7.70 per cent interest on 44-month FD. 6.80% interest will be given on FDs of 12 to 23 months, while 6.95% interest will be given to the common people on special FDs of 15 months.

These will be the new rates

Senior citizens will get 7.05% interest on FDs of 12-23 months, while senior citizens will get 7.20% interest on special FDs of 15 months. The company is also offering you an offer to open FDs of 12 to 60 months. Sachin Sikka, Executive Vice President, Fixed Deposit & Investment, Bajaj Finance said, “Earlier we used to revise rates once in 6 months, but this year we have revised early.

This increase has been done due to increase in repo rate by RBI. Right now 39 months FD has been increased by 25 basis points i.e. 0.25 percent.

Common people are getting this much interest on FD

Bajaj Finance is giving this much interest on FD to senior citizens

Fixed Deposit Interest Rate: Bajaj Finance is giving this much interest to senior citizens.

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PNB tweeted

PNB has given information about this on its official tweet. PNB has written in the tweet that when you get good interest on investment, the savings will automatically increase. PNB has brought a special scheme of 600 days to the customers.

When interest rates are so high then saving will automatically fly!#InterestRates #FixedDeposit #Saving #Expectation pic.twitter.com/cjgYFujUlK

— Punjab National Bank (@pnbindia) November 11, 2022

will get big interest

PNB’s 600-day scheme offers the benefit of interest at the rate of 7.85 per cent. To take advantage of this scheme, you can apply through PNB One app. Apart from this, you can also take advantage of this by visiting the branch of the bank.

What is the specialty of the scheme

• This special scheme from the bank has started from 19 October 2022.
• This scheme is for senior citizens (60-80 years).
• Apart from this, very senior citizens (80 years and above) can also take advantage of this.
• Under this, a lump sum amount of less than two crore rupees can be deposited.

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DCB Bank has offered 7.50% p.a. interest rate to retail customers on Special Fixed Deposits. The tenure of this deposit scheme will be from 700 days to 36 months. At the same time, senior citizens will get interest up to 8.25%. The Reserve Bank of India (RBI) has increased the repo rates four times since May this year. For this reason, banks have announced an increase in the interest rate on various savings schemes including FDs.

Actually special bank FDs are those fixed deposits that come with a fixed tenure. HDFC and SBI usually offer special FD schemes for a specific tenor for a limited period of time.

These banks are also giving more than 7% interest on FD.

Currently, other banks including Catholic Syrian, Bank of India, RBL Bank and City Union Bank offer 7.50%, 7.25%, 7.25% and 7.1% interest per annum on special fixed deposits. are offered. While senior citizens can get interest up to 7.50%, 7.75%. However, the tenure of the highest FD interest rate varies from bank to bank.

Senior citizens can get 7.50% interest on Special FD Scheme. These include Canara Bank (666 days tenor), Bandhan Bank (600 day tenor), Federal Bank (700 day tenor), IDFC First Bank (700 day tenor), Punjab National Bank (600 day tenor), Punjab End Includes Special FDs of Sind Bank (601 days tenor) and Union Bank (599 days tenor).

The rate of interest on FDs may go up to 8%

According to the news of Mint, Pankaj Bansal, Chief Business Officer, Bankbazaar.com says, “Inflation is still at a high level and interest rates continue to be hiked by central banks globally. Hence FD rates will continue to increase in the coming months.

Many banks offer special tenor FDs with higher returns to attract customers. If this situation continues, we expect the rates to go up to 8% in the next few months.”

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Unity Small Finance Bank Limited (Unity Bank) has launched a Special Fixed Deposit Scheme for Senior Citizens. This scheme has been named Shagun 501. Unity Small Finance Bank is a new age bank which works completely digital. A new FD scheme has been started on the occasion of Dussehra and Diwali.

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The maturity tenure of this FD is from 5 years 1 day to 10 years. In this, senior citizens will get an additional 0.10 percent interest. This interest will be on top of the additional interest of 0.50 percent already being given to them. Explain that ICICI Bank gives 6.60 percent interest to senior citizens on FDs of 5 to 10 years less than Rs 2 crore. This means that senior citizens will get an interest of 6.70 percent in the new FD.

Interest will also be available on the renewed FD , according to the information given on the bank’s website, people opening a new FD will get the benefit of this scheme, as well as those who are renewing their FD during this period, they will also get an additional 0.10 percent interest. . The benefit of this scheme will be available on only one FD opened in one name.

Penalty on Premature

Withdrawal Under this limit period scheme, if the FD is closed on or after 5 years 1 day (before 10 years) then a penalty of 1.10 percent will be imposed. At the same time, if you withdraw this scheme before 5 years and 1 day, the penalty under the Premature Withdrawal Policy will be applicable. All other terms and conditions of this FD are same as for normal FD.

The effect of the increase in the repo rate The RBI has increased the repo rate by 0.50 percent once on 30 September. This is the fourth time in a row that the central bank has increased policy rates. Not only will it be costly to take a loan from this, but the interest rate of FD, RD and savings schemes is also expected to increase.

This will directly benefit the common customers. Explain that RBI has increased the repo rate to 5.90 percent. RBI is increasing the repo rate to control inflation. In August, retail inflation had hit 7 per cent, which is well outside the central bank’s satisfactory range.

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Banks like HDFC Bank, ICICI Bank, IDBI Bank, SBI had started special FD schemes, but recently SBI has extended the validity period of its WECARE Senior Citizens Term Deposit scheme till 31 March 2023. . However, HDFC Bank and IDBI Bank are going to end their special FD schemes for senior citizens from 1 October 2022.

HDFC Bank Special FD

On August 18, 2022, HDFC Bank last revised the interest rates on FDs below Rs 2 crore. Senior Citizen Care FD was introduced by HDFC Bank on May 18, 2020 and is active till September 30, 2022. This plan has a maturity period of 5 to 10 years, for which HDFC Bank offers 6.50% interest rate. This rate is 75 basis points higher than the standard rate of 5.75%.

According to the HDFC Bank website, “An additional premium of 0.25% (over and above the existing premium of 0.50%) will be paid to senior citizens who book FDs with tenures ranging from 5 years a day to 10 years for less than Rs 5 crore want to do. This scheme is valid from 18 May 2020 to 30 September 2022. This special offer will be applicable for fresh as well as renewal of FDs booked by senior citizens during the above period. This scheme is not applicable to ARIs.

Indian Bank Special FD

Private Sector IDBI Bank on April 20, 2022 introduced the “IDBI Naman Senior Citizen Deposit” special FD program for senior citizens. The maturity period of this special FD scheme ranges from more than one year to 10 years. Its validity period is from 20 April 2022 to 30 September 2022.

Senior citizens will get an additional interest rate of 0.25% over and above the existing additional rate of 0.50% p.a. on this special FD scheme, giving an overall additional benefit of 0.75%. Additional rates will be offered on new accounts as well as renewal deposits during the program’s valid period.

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Shriram Transport Finance is offering 8.75 percent interest

On August 10 of this month, Shriram Transport Finance has increased its fixed deposit (FD) interest rates. Now Shriram Transport Finance is giving the highest interest of 8.25% to the general citizens while 8.75% to the senior citizens. The company is offering this interest on FDs made with maturity of 5 years. In addition, the company is paying 0.50 percent more interest to senior citizens than normal customers.

Utkarsh Small Finance Bank is offering up to 8.25% interest on FD

Utkarsh Small Finance Bank has also increased the interest rates on its fixed deposits with effect from August 12.The bank has increased the interest rates for tenors ranging from 700 days to 5 years on maturity up to 2 crores. The bank will now pay an interest of 7.50% to general citizens and 75 basis points more i.e. 8.25% to senior citizens. The bank also said that senior citizens will get an additional 75 basis points, or 0.75 per cent, of interest from a regular customer on any tenure.

Jana Small Finance Bank is offering 8.15% interest to senior citizens

Jana Small Finance Bank has subsequently increased the interest rates on fixed deposits (FD).The bank will now pay an interest of 7.35% for general citizens and 8.15% for senior citizens on FDs made for tenures ranging from 3 days to 5 years. Jana Small Finance Bank has also increased the interest rates on FDs for senior citizens by 80 basis points. The new increased rates of the bank are applicable from June 15.

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