Special FD Scheme: Amidst rising interest rates, banks have once again given an opportunity to make fixed deposit (FD) investors happy. Seven major banks of the country – SBI, Bank of Baroda, Canara Bank, Indian Bank, Central Bank of India, IDBI Bank and Federal Bank – have come up with a special scheme for their customers. All these banks are offering a special FD scheme of 444 days, in which the interest rate is ranging from 6.60% to 7.60%.
State Bank of India
State Bank of India (SBI) runs a special FD scheme named “Amrit Vrishti” for its customers, which has a duration of 444 days. In this, people get interest at the rate of 6.85 percent. Senior citizens and super senior citizens get the benefit of 0.50 percent and 0.60 percent additional interest.
Bank of Baroda
Bank of Baroda (BoB) runs a 444-day FD for its customers called bob Square Drive Deposit Scheme, in which they get interest at the rate of 7 percent. Senior citizens and super senior citizens get the benefit of 0.50 percent and 0.60 percent additional interest.
Canara Bank
Canara Bank customers get 6.60 percent interest on 444-day FD. Senior citizen customers get 7.10 percent interest on this FD scheme.
Indian Bank
Indian Bank customers get 6.90 percent interest on 444-day FD scheme. Senior citizens also get reasonable profits.
Central Bank of India
Central Bank of India customers get 7 percent interest on 444-day FD plan. At the same time, senior citizens get 7.60 percent interest.
IDBI Bank
IDBI customers get 7.1 percent interest on 444 days FD plan. Whereas, senior citizens get 7.50 percent interest.
Federal Bank
Federal Bank customers get 7 percent interest on 444 days FD. Senior citizen customers get 7.50 percent interest on this FD scheme.
