Fixed Deposits (FDs) have long been one of the most trusted ways to grow your savings safely. But did you know that March 31, 2025, is the last chance to lock in the highest FD returns currently on offer? Several leading banks have introduced special FD schemes with elevated interest rates, and most of them are available only until March 31. After this, these attractive rates might vanish, and you could miss out on maximizing your returns.
In this article, we’ll break down why this opportunity is time-sensitive, which banks are offering special FD schemes, the interest rates you can expect, and how you can easily invest before the deadline. Whether you’re a beginner or a seasoned investor, you’ll find practical, clear insights to make the most of this limited-time window.
Grab High FD Returns Before March 31
| Feature | Details |
|---|---|
| Deadline to Avail Special FD Rates | March 31, 2025 |
| Top Banks Offering High FD Rates | SBI, HDFC Bank, Central Bank of India, AU Small Finance Bank |
| Highest Interest Rate for General Public | Up to 8.00% p.a. |
| Highest Interest Rate for Senior Citizens | Up to 8.50% p.a. |
| Notable Schemes | SBI Amrit Vrishti (444 days), SBI Amrit Kalash (400 days), HDFC Special Edition FDs, Cent Garima Deposit, AU Small Finance Bank FDs |
The window to lock in the best FD returns closes on March 31, 2025. Several top banks like SBI, HDFC Bank, Central Bank of India, and AU Small Finance Bank are offering limited-period special FD schemes with attractive interest rates. Missing this deadline could mean settling for lower returns later. If you’re planning to grow your savings safely and securely, now is the perfect time to act.
Why March 31, 2025, Matters: The Context
Banks occasionally launch special FD schemes with higher-than-usual interest rates to attract deposits during specific periods. These schemes are typically available for a limited duration and are withdrawn or revised after a certain date—which, in this case, is March 31, 2025.
The reasons behind these special rates include:
- Managing liquidity: Banks sometimes need to strengthen their deposit base.
- Aligning with market conditions: With inflation and repo rate adjustments, banks offer attractive FD rates to remain competitive.
After March 31, banks are expected to revise these special rates downward. Therefore, locking in your money now means you secure these higher returns for the tenure of your deposit, even if rates drop later.
see also: You Will Get ₹2,74,570 in Just 5 Years
Current Special FD Offers: Interest Rates Breakdown
Here are some standout FD schemes you can grab before March 31:
1. SBI Amrit Vrishti (444 Days FD)
- Interest Rate (General Public): 7.25% p.a.
- Interest Rate (Senior Citizens): 7.75% p.a.
- Tenure: 444 days
2. SBI Amrit Kalash (400 Days FD)
- Interest Rate (General Public): 7.10% p.a.
- Interest Rate (Senior Citizens): 7.60% p.a.
- Tenure: 400 days
- Last Date to Invest: March 31, 2025
3. HDFC Bank Special Edition Fixed Deposits
- Tenures: 35 months (2 years 11 months) & 55 months (4 years 7 months)
- Interest Rate (General Public): Competitive higher rates
- Interest Rate (Senior Citizens): Additional +0.50
4. Central Bank of India Cent Garima Deposit (777 Days)
- Interest Rate (General Public): 7.15% p.a.
- Interest Rate (Senior Citizens): 7.65% p.a.
- Tenure: 777 days
5. AU Small Finance Bank FDs
- Interest Rate (General Public): Up to 8.00% p.a.
- Interest Rate (Senior Citizens): Up to 8.50% p.a.
- Flexible tenures across multiple schemes
How to Invest in These High-Return FD Schemes
Step-by-Step Guide:
- Check Eligibility & Compare Rates: Visit the official websites of SBI, HDFC Bank, Central Bank of India, or AU Small Finance Bank to compare interest rates and eligibility criteria.
- Visit Your Nearest Branch OR Online Portal: Almost all major banks allow online FD booking through net banking, mobile banking apps, or even third-party platforms like Paytm or Google Pay.
- Select the Tenure & Amount: Choose the special scheme tenure (e.g., 444 days for SBI Amrit Vrishti) and decide your investment amount.
- Submit KYC Documents: Ensure your PAN, Aadhaar, and bank account details are updated.
- Confirm & Lock the FD: Once confirmed, you will receive an FD receipt locking your funds at the special high-interest rate.
Pro Tip: Senior citizens can maximize returns by availing the extra 0.50% higher rate many banks offer.
Why Should You Act Before March 31, 2025?
- Rate Revisions Expected: After March 31, banks will likely reduce these special FD rates.
- Guaranteed Returns for Fixed Tenure: Even if FD rates fall later, you’ll continue earning the locked-in high rate for your entire FD period.
- No Market Risk: Unlike mutual funds or stocks, FDs offer guaranteed returns.
If you’re planning long-term savings, locking in now ensures higher, risk-free returns.
see also: Save Only ₹ 600 Every Month and Get Bumper Returns in 5 Years
Pros and Cons of Investing in Special FDs Before March 31
| Pros | Cons |
|---|---|
| Higher-than-usual interest rates | Premature withdrawal may incur penalties |
| Risk-free, guaranteed returns | Returns may lag behind inflation in the long run |
| Special rates exclusively till March 31, 2025 | Fixed tenure; funds are locked-in |
| Suitable for all age groups, especially senior citizens | Taxable income unless investing in tax-saving FDs |
Grab High FD Returns FAQs
1. Can I invest in these special FD schemes online?
Yes, most banks allow easy online booking through their net banking platforms or mobile apps.
2. Is there any penalty for early withdrawal?
Yes, premature withdrawals usually attract a penalty of 0.50%-1% depending on the bank’s policy.
3. Can senior citizens invest in these schemes?
Absolutely! In fact, senior citizens can enjoy higher interest rates, often up to 0.50% more.
4. Are these FD returns taxable?
Yes, FD interest is taxable as per your income tax slab. Consider submitting Form 15G/15H to avoid TDS if eligible.
5. What happens after March 31, 2025?
These special schemes may be discontinued or revised after March 31. Any new FD after this date will attract regular rates.
