If you are planning to invest your money in a Fixed Deposit (FD), now might be the best time to act. Several leading Indian banks are offering Special FD schemes with higher interest rates, but there’s a catch — these special FDs come with a deadline, and many of them will expire on March 31, 2025.
These time-bound FDs are specifically designed to attract deposits by offering better-than-usual returns, especially for senior citizens. If you’re considering parking your funds in a safe, risk-free investment option, this could be your golden opportunity.
Special FD Schemes
| Bank Name | Special FD Scheme | Tenure | Interest Rate (General) | Interest Rate (Senior Citizens) | Deadline |
|---|---|---|---|---|---|
| SBI | Amrit Kalash | 400 days | 7.10% | 7.60% | March 31, 2025 |
| SBI | Amrit Vrishti | 444 days | 7.25% | 7.75% | March 31, 2025 |
| IDBI Bank | Utsav Callable FD | 300-700 days | Up to 7.40% | Up to 7.90% | March 31, 2025 |
| HDFC Bank | Special Edition FD | 35 months | 7.35% | 7.85% | March 31, 2025 |
| Indian Bank | IND Super 400 Days | 400 days | 7.30% | 7.80%-8.05% | March 31, 2025 |
| Punjab & Sind Bank | Special FD Options | 333-999 days | Up to 7.45% | Up to 7.95% | March 31, 2025 |
These Special FD schemes ending on March 31, 2025, present a limited-time opportunity to earn higher interest rates than regular fixed deposits. Whether you’re a senior citizen, a salaried professional, or someone planning short-term goals, these FDs offer security, flexibility, and excellent returns.
So don’t wait till the last day — compare the options now, and invest before the window closes. For best results, consult your bank representative or visit their official websites linked above.
Why Are These Special FDs Important?
Special FD schemes are limited-period offers from banks that provide higher interest rates compared to regular FDs. These are especially beneficial for people who prefer low-risk, fixed-income investments. Here’s why you should pay attention:
- Interest rates are at their peak in many of these schemes.
- Tenures are short to medium term (333 to 700 days), ideal for those not wanting to lock money for years.
- Senior citizens enjoy an even higher rate, often 50 bps more than general investors.
For example, SBI’s Amrit Vrishti FD gives 7.75% to senior citizens on a 444-day deposit. Compare that to a regular FD where the rate may only be 6.5% or less.
see also: RD scheme of post office: you will get 10 lakhs; you have to deposit 15 thousand
Bank-Wise Special FD Schemes
SBI Special FDs: Amrit Kalash & Amrit Vrishti
- Tenure: 400 and 444 days respectively
- Interest Rates: Up to 7.75% for senior citizens
- Minimum Deposit: Rs. 1,000
- Maximum: No cap
- Eligibility: Available to both new and existing customers
These schemes offer monthly, quarterly, or cumulative interest payout options. No premature withdrawal is allowed for Amrit Kalash before 7 days.
IDBI Bank: Utsav Callable FD
- Tenures: 300, 375, 444, 555, 700 days
- Interest Rates:
- Up to 7.40% for general
- Up to 7.90% for senior citizens
- Callable and Non-Callable Options: You can choose depending on whether you need premature withdrawal flexibility.
Example: For a 555-day callable FD, senior citizens get 7.90% interest, which is among the highest right now.
HDFC Bank Special Edition FD
- Tenure: 35 months
- Interest Rate:
- 7.35% (general)
- 7.85% (senior citizens)
- Additional Features: Monthly payout available; flexible tenures not available for this scheme.
Indian Bank: IND Super 400 Days
- Tenure: 400 days only
- Rates:
- 7.30% (general)
- 7.80% (senior)
- 8.05% (super senior, 80+ age)
This is one of the few FDs offering over 8% return for individuals aged 80 or above.
Punjab & Sind Bank: Multiple Special FDs
PNB की धांसू स्कीम! 300 दिन की FD पर जबरदस्त रिटर्न, 9 लाख जमा करने पर मिलेगा बंपर फायदा
- Tenure Options: 333, 444, 555, 777, and 999 days
- Interest Rates:
- Up to 7.45% (general)
- Up to 7.95% (senior citizens)
Each tenure comes with a different rate. The 555-day FD offers the highest interest rate.
Who Should Invest in These Special FDs?
These limited time offers are ideal for:
- Retirees & senior citizens looking for a safe, high-return investment.
- Risk-averse investors wanting guaranteed returns.
- Short-to-medium-term savers who need liquidity in 1-2 years.
- Parents saving for children’s short-term goals like school admissions or tuition.
Practical Tips Before You Invest
- Compare rates and tenures: Not all FDs with the same tenure give the same interest.
- Check premature withdrawal clauses: Some schemes don’t allow early withdrawal without a penalty.
- Senior citizens should ask for extra benefits: Many banks offer special versions of these FDs for seniors.
- Use online FD calculators to estimate maturity amounts.
see also: SBI’s Superhit FD Scheme of 400 Days
Special FD Schemes FAQs
Q1. Can I invest in multiple Special FDs across different banks?
Yes, as long as you meet the bank-specific eligibility. Diversifying also reduces risk.
Q2. Do these FDs offer tax benefits?
Only if you choose Tax-Saver FDs under Section 80C (5-year lock-in). Most special FDs are not tax-saver.
Q3. What if I miss the March 31 deadline?
Banks may not extend these offers. You’ll have to settle for lower regular FD rates.
Q4. Are these FDs safe?
Yes, they are insured up to Rs 5 lakh under DICGC rules.
Q5. How do I apply?
You can visit the bank branch, log in to net banking, or use mobile apps. Most banks allow online FD booking.
