4 Special fixed deposit schemes: Which one is best for you?

IDBI Bank, Indian Bank, Punjab & Sind Bank and SBI offers limited FD plans you may be interested in.

Published on: Jun 4, 2024, 19:19:08 IST

By HT News Desk | Edited by Abhyjith K. Ashokan

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These fixed deposit schemes with a fast approaching deadline may be something you may want to consider.

Personal finance (Representational) (Getty Images/iStockphoto)

IDBI Bank

IDBI Bank offers a special rate of 7.05% on Utsav fixed deposits (FDs) maturing in 300 days for general citizens and 7.55% for senior citizens. For Utsav FDs maturing in 375 days, it is 7.1% and 7.6% respectively. For Utsav FDs maturing in 444 days, it is 7.2% and 7.7% respectively. The deadline for the scheme is June 30, 2024.

Indian Bank

Indian Bank’s two special fixed deposits include Ind Supreme 300 Days and Ind Super 400 Days. For the former, general citizens get 7.05% interest, senior citizens get 7.55%, and super senior citizens get 7.80%. For the latter, the rates are 7.25%, 7.75% and 8% respectively.

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Punjab & Sind Bank

Punjab & Sind Bank offers 7.05% interest on FDs maturing in 222 days, 7.10% for 333 days, and 7.25% for 444 days.

SBI

SBI offers its Amrit Kalash FD scheme for a period of 400 days with general citizens getting an interest rate of 7.10% and senior citizens getting 7.60%. This scheme is valid till September 30, 2024. The interest rate for SBI WeCare is 7.50%

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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