Indian Bank’s special fixed deposit (FD) schemes, Ind Super 400 Days and Ind Super 300 Days, are set to conclude on October 31, 2023.
Ind Super 400 Days
This FD provides an opportunity to invest between Rs 10,000 and Rs 2 crore for 400 days. It offers attractive interest rates.
Indian Bank is offering 7.25% interest to the general public, 7.75% to senior citizens, and 8.00% to very senior citizens.
Ind Super 300 Days
Launched in July 2023, this FD allows investments ranging from Rs 5,000 to less than Rs 2 crore for a 300-day tenure. It comes with callable options.
IDBI Bank Special FD: Amrit Mahotsav
IDBI Bank’s special FD scheme, Amrit Mahotsav, with tenures of 375 days and 444 days, will also expire on October 31, 2023.
Senior investors in the Amrit Mahotsav FD enjoy a 7.65% interest rate for the 375-day tenure. Regular, NRE, and NRO customers receive 7.10% interest.
Investors also benefit from the option of premature withdrawal and closure. These FD schemes have been offering higher interest rates to attract investors.
