FD Rates: If you are planning to invest in Fixed Deposit (FD), then you can invest in special FD of banks. Two public sector banks of India, Indian Bank and IDBI Bank can invest in the special FD scheme till 31 October 2023.
FD Rates : If you are planning to invest in Fixed Deposit (FD), then you can invest in special FD of banks. Two public sector banks of India, Indian Bank and IDBI Bank can invest in the special FD scheme till 31 October 2023. A maximum interest of 7.75 percent is being offered on these special FDs. These are special FDs but their benefits can be availed only for some time.
Let us know about these FDs..
IDBI Bank Special FD Scheme
IDBI Bank’s special FD scheme is for 375 days and has started from July 14. IDBI Bank is offering 7.10% interest to the general public and 7.60% interest to senior citizens on FD maturing in 375 days. IDBI’s Amrit Mahotsav FD is of 375 days and 444 days. Customers can avail this benefit till 31 October 2023. The bank is giving 7.65 percent interest to customers on FD of 444 days. The highest interest rate on non-callable FD is 7.75 percent.
Ind Super 400 days
This is a special callable FD of public sector bank Indian Bank. Callable FD means that in this you get the option to withdraw money before time. Indian Bank’s Ind Super FD is for 400 days. In this scheme, higher interest is being offered on investments ranging from Rs 10,000 to less than Rs 2 crore. Indian Bank is now offering 7.25% interest rate to the general public, 7.75% to senior citizens and 8.00% to very senior citizens. According to the website of Indian Bank, the investment time in FD schemes named Ind Super 400 and Ind Supreme 300 days has been extended. Now investors can invest in these till 31 October 2023.
Ind Super 300 days
According to the website, the special term deposit product Ind Super 300 days was launched on July 1, 2023. You can invest from Rs 5000 to less than Rs 2 crore on this FD for 300 days. The bank is giving interest ranging from 7.05 percent to 7.80 percent on this. Indian Bank is now offering 7.05% interest rate to the general public, 7.55% to senior citizens and 7.80% to very senior citizens.
