5 Special FD Schemes: Last chance to invest

Special FD Schemes: If you are considering making investments before the onset of the new financial year, these fixed deposit (FD) schemes may be an advantageous choice for you. The following options encompass both government and private banking institutions. State Bank of India (SBI) is currently offering two exclusive FD schemes, while HDFC Bank, IDBI Bank, and Indian Bank have also introduced special offerings for their customers.

SBI’s FD Schemes

SBI is providing two distinct FD schemes that will be available until March 31, 2025. These are referred to as the Amrit Vrishti Scheme and the Amrit Kalash Scheme. The Amrit Vrishti Scheme offers an interest rate of 7.25% for the general public and 7.75% for senior citizens on a 400-day fixed deposit. Meanwhile, the Amrit Kalash Scheme provides an interest rate of 7.10% for general citizens and 7.60% for senior citizens over the same 400-day period.

IDBI Bank

IDBI Bank’s Special Utsav FD Scheme is also set to conclude after March 31. This scheme offers five different tenure options. General citizens can earn interest rates of 7.05% for a 300-day tenure, 7.25% for 375 days, 7.35% for 400 days, 7.40% for 555 days, and 7.20% for 700 days. Senior citizens benefit from an additional 0.50% interest rate across all tenures, and super senior citizens receive an extra 15% interest for all tenures except the 300-day option.

HDFC Bank

As the largest private bank in the country, HDFC Bank is providing special fixed deposit options for its clients. Investments of less than Rs 3 crore are permitted under this scheme, which offers two tenure choices. The minimum investment required is Rs 5,000. For a tenure of 35 days, the bank offers an interest rate of 7.35% for general citizens and 7.85% for senior citizens. For a tenure of 55 months, the interest rates are 7.40% for general citizens and 7.90% for senior citizens.

IDBI Bank

The Special Utsav FD Scheme offered by IDBI Bank may be discontinued after March 31. This scheme provides five different tenure options. For general customers, the interest rates are as follows: 7.05% for a 300-day tenure, 7.25% for a 375-day tenure, 7.35% for a 400-day tenure, 7.40% for a 555-day tenure, and 7.20% for a 700-day tenure. Senior citizens receive an additional 0.50% interest. Furthermore, super senior citizens are entitled to an extra 15% interest across all tenures, with the exception of the 300-day tenure.