Special FD scheme: Numerous banks are presently providing special fixed deposit (FD) schemes with high-interest rates, but these schemes are available for a limited time.
Some banks have already terminated a few schemes, while others have decided to extend the deadline.
State Bank of India (SBI) and IDBI Bank, two of the major players in the market, have also revised the interest rates of their special FD schemes.
The following is a list of banks that offer extended-term special FD schemes:
SBI Amrit Kalash
The ‘Amrit Kalash’ scheme by the State Bank of India has been reintroduced with an interest rate fixed at 7.1% for the general public and 7.6% for senior citizens.
The scheme, which is valid for a period of 400 days, is open for investment until June 30, 2023, providing investors with another opportunity to invest.
IDBI Bank Amrit Mahotsav FD scheme
IDBI Bank’s Amrit Mahotsav scheme became active on April 1 and is currently offering a 7.15% interest rate on the 444-day FD scheme to the general public, NRE and NRO deposits.
Senior citizens, on the other hand, can avail a higher interest rate of 7.65%.
Indian Bank’s IND Super 400 days scheme
Indian Bank has recently increased the interest rates for its IND Super 400 days scheme by 10 basis points (bps), which now stands at 7.25%.
The deadline to invest in the scheme has also been extended until June 30, 2023, from the previous deadline of April 19.
With a minimum investment of Rs 10,000 and a maximum of Rs 2 crore, the scheme is valid for a period of 400 days in the form of an FD/MMD with callable options.
Punjab And Sindh Bank’s PSB Grih Lakshmi Fixed Deposit Scheme
The scheme targets women and requires that the account be opened in the name of a resident woman, including minors.
Women investors can invest for a minimum of Rs 5,000 in multiples of Rs 1,000, and the investment period is set at 551 days. The scheme will be valid until June 23, 2023.
