Fixed Deposits (FDs) remain one of the most reliable investment options for individuals looking for guaranteed returns with minimal risk. If you’re planning to invest in an FD, you should be aware that four leading banks in India are offering special FD schemes with higher interest rates, but only until March 31, 2025.
These special tenure FDs are designed to attract investors who seek better returns than regular FDs while keeping their money secure. This article will guide you through these exclusive offers, their benefits, interest rates, eligibility criteria, and how you can apply.
Special Fixed Deposits
| Feature | Details |
|---|---|
| Banks Offering Special FDs | SBI, IDBI Bank, Indian Bank, and More |
| Highest Interest Rate | Up to 8.05% (IDBI Bank’s Utsav Callable FD) |
| Best FD Scheme for Seniors | Indian Bank’s IND Super 400 Days (8.05% for super senior citizens) |
| Last Date to Invest | March 31, 2025 |
Special Fixed Deposits offer a great opportunity to earn higher returns in a safe and secure manner. With interest rates reaching up to 8.05%, these schemes are ideal for both young investors and retirees looking to maximize their savings.
However, these exclusive offers are available only until March 31, 2025. So, if you’re considering investing in an FD, now is the time to act!
What Are These Special Fixed Deposit Schemes?
Special Fixed Deposits are time-sensitive investment schemes where banks offer higher-than-usual interest rates for a limited period. These schemes cater to both regular investors and senior citizens looking for safe and high-return investments.
The interest rates on these special FDs are higher than traditional FD rates, making them an attractive option for those who want to maximize their savings with minimal risk.
see also: Punjab National Bank’s 401-Day Fixed Deposit Scheme
List of Banks Offering Special FD Schemes Until March 31, 2025
Let’s look at the top banks offering these exclusive FD plans and their respective interest rates:
1. State Bank of India (SBI) Special FDs
SBI Amrit Kalash FD
- Tenure: 400 days
- Interest Rate (General Citizens): 7.10%
- Interest Rate (Senior Citizens): 7.60%
- How to Apply: Online via SBI’s official website or visit a branch.
SBI Amrit Vrishti FD
- Tenure: 444 days
- Interest Rate (General Citizens): 7.25%
- Interest Rate (Senior Citizens): 7.75%
2. IDBI Bank Special FD Schemes
IDBI Utsav Callable FD
- Tenure Options: 300, 375, 444, 555, and 700 days
- Interest Rate (General Citizens): Up to 7.40%
- Interest Rate (Senior Citizens): Up to 7.90%
- Interest Rate (Super Senior Citizens): Up to 8.05%
- How to Apply: Online or via IDBI’s official website
3. Indian Bank Special FDs
IND Supreme 300 Days FD
- Tenure: 300 days
- Interest Rate (General Citizens): 7.05%
- Interest Rate (Senior Citizens): 7.55%
- Interest Rate (Super Senior Citizens): 7.80%
IND Super 400 Days FD
- Tenure: 400 days
- Interest Rate (General Citizens): 7.30%
- Interest Rate (Senior Citizens): 7.80%
- Interest Rate (Super Senior Citizens): 8.05%
Who Should Invest in These Special FDs?
These FDs are ideal for:
- Individuals looking for low-risk, high-return investment options.
- Senior citizens who want to maximize their savings with higher interest rates.
- Investors with short-term financial goals (since most tenures are between 300 to 700 days).
- People who want a better alternative to savings accounts.
How to Open a Special FD?
Investing in these FDs is simple. Here’s how you can do it:
- Choose Your Bank: Compare the interest rates and tenure options to select the best FD for you.
- Check Eligibility: Ensure you meet the bank’s eligibility criteria.
- Apply Online or Visit a Branch:
- Log in to your bank’s official website and navigate to the FD section.
- If you prefer, visit the nearest bank branch and fill out an FD application form.
- Fund Your FD: Transfer funds from your savings account to open the FD.
- Receive Your FD Certificate: Once the deposit is made, you will receive an FD receipt or e-certificate.
see also: 6 Crucial Financial Deadlines in March 2025
FAQs on Special Fixed Deposits
1. Can I withdraw my FD before maturity?
Yes, but most banks will charge a premature withdrawal penalty, which can reduce your returns.
2. Do senior citizens get higher interest rates?
Yes! Most banks offer an additional 0.50% interest for senior citizens and even higher rates for super seniors.
3. What is the last date to invest?
The deadline for these special FD schemes is March 31, 2025.
4. Can I open multiple special FDs?
Yes, you can open multiple FDs across different banks to diversify your investment.
5. Are these FDs safe?
Yes! Fixed deposits are one of the safest investment options, backed by the Deposit Insurance and Credit Guarantee Corporation (DICGC), covering up to ₹5 lakh per depositor per bank.
