If you also want to keep your money safe and get good returns on it, then a Fixed Deposit (FD) is a great option. This is a way of investing where your money grows at a fixed rate without being affected by market fluctuations. Keeping this in mind, many banks are running special FD schemes with a specific duration, which are paying more interest than normal FDs. However, the time limit of many of these is expiring on 30 September 2025, so this can be a golden opportunity to invest.
Get more returns on these special FDs
At present, some major banks are offering such special FD schemes, whose time period is 444 days, 555 days, and 700 days. The return on these schemes is much better than normal FDs.
SBI Amrit Vrishti
On this FD of 444 days, common citizens are getting an annual interest of 6.60% and senior citizens 7.10%. For very senior citizens, this rate is 7.20%.
Indian Bank Ind Secure and Ind Green
Indian Bank’s Ind Secure 444-day FD has an interest rate of 6.70% for general citizens and 7.20% for senior citizens. On the other hand, Ind Green 555-day FD, general citizens are getting 6.60% interest, and senior citizens are getting 7.10% interest.
IDBI Utsav FD
IDBI Bank’s Utsav FD is also a great option.
444 days: 6.70% interest to general citizens and 7.20% interest to senior citizens.
555 days: 6.75% interest to general citizens and 7.25% interest to senior citizens.
700 days: 6.60% interest to general citizens and 7.10% interest to senior citizens.
Special facilities for senior citizens
In all these schemes, senior citizens get up to 0.50% more interest than normal investors. Especially for super senior citizens (80 years or above), the interest rates are even more attractive. They are getting up to 7.45% interest on 444 days FD in Indian Bank, 7.40% on 555 days FD in IDBI Bank, and 7.20% on 444 days FD in SBI.
Keep these things in mind before investing
All these special FD schemes are expiring on 30 September 2025. However, banks can discontinue these schemes at their discretion or continue them by changing the interest rates. Therefore, it is very important to confirm the interest rates and other rules from your bank before investing. If you have any extra money and want to invest it in a safe investment, then this is the right time. This scheme can be a wise decision for those investors who want to grow their money over a fixed period while avoiding market risks.