Fixed-term deposits let you safely keep your money in the bank at an agreed interest rate for a set time. Moreover, unlike other investments, you can get your money back if needed. While interest rates on fixed deposits can vary, they’re better than what you’d get with a savings account. That’s why many people choose fixed-term deposits to help their money grow.
Banks sometimes offer special deals with higher interest rates for a limited time. You can get FD rates of up to 8% until June 30. People who want to earn more should try to grab these deals before they’re gone.
Special Utsav Fixed Deposits (FDs) Offer by IDBI Bank
IDBI Bank has a special deal called Utsav fixed deposits (FDs) with higher interest rates. As a regular citizen, you can get 7.05% interest for Utsav FDs maturing in 300 days. But if you’re a senior citizen, you’ll get even more, at 7.55%. For Utsav FDs maturing in 375 days, the interest rate is 7.1% for general citizens and 7.6% for seniors.
If you choose Utsav FDs maturing in 444 days, you’ll get 7.2% interest as a regular citizen and 7.7% as a senior. But remember, this special offer is only available until June 30, 2024. So, if you’re interested, hurry up and take advantage of it!
Indian Bank Special Fixed Deposits (FDs) Offer
Indian Bank has special fixed deposits called Ind Supreme for 300 days and Ind Super for 400 days. For the 300-day FDs, regular customers get 7.05% interest, seniors 7.55%, and super seniors 7.80%.
For the 400-day FDs, regular customers get 7.25% interest, seniors get 7.75%, and super seniors get 8%.
Punjab & Sindh Bank Special Fixed Deposits (FDs) Offer
Punjab and Sindh Bank has special fixed deposits for different periods. They offer 7.05% interest for FDs maturing in 222 days, 7.10% for deposits maturing in 333 days, and 7.25% for special deposits maturing in 444 days.
SBI Amrit Kalash and WeCare Plans
SBI has a special scheme called Amrit Kalash, with a tenor of 400 days. It offers an interest rate of 7.10% starting April 12, 2023. Senior citizens get a higher rate of 7.60%. But remember, this scheme is only valid until September 30, 2024.
Another plan, SBI WeCare, offers an interest rate of 7.50%. The deadline for this plan has also been extended to September 30, 2024. So, if you’re an SBI customer looking to invest, do so before the deadline!
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