Indian Bank and IDBI Bank have extended the last date of Special Fixed Deposit schemes which give high returns to the investors. By investing in these schemes, investors can get good returns.
New Delhi: To attract their investors, banks launch special fixed deposit schemes from time to time, on which banks offer higher than normal returns to their investors. But these special FD schemes are for a limited time only. Meanwhile, Indian Bank and IDBI Bank have extended the last date of their special FDs to 30 September.
IDBI Bank extended the timeline
IDBI Bank has extended the last date of its Utsav FDs maturing in 300 days, 375 days, 444 days and 700 days to 31 December 2024, so investors have a great opportunity to get good returns with safe investment. Let us tell you that common people are getting 7.05% interest on IDBI Bank’s Utsav FD maturing in 300 days, while senior citizens are being offered 7.55% return for the same period.
Apart from this, the bank has increased the interest rate on Utsav FD maturing in 375 days by 10 bps from 7.15% to 7.25%. After which senior citizens will get 7.75% interest. At the same time, general citizens are getting 7.35% interest on FD maturing in 444 days, while senior citizens will get 7.85% return. Apart from this, on a period of 700 days, the bank is giving an interest rate of 7.20% for general citizens and 7.70% for senior citizens.
This is the last date of Indian Bank Special FD
Indian Bank has extended the last date of its special FD from 30 September 2024 to 30 November 2024. The bank is giving a return of 7.05% to its general customers, while giving 7.55% interest to senior citizens. At the same time, for super senior i.e. investors above 70 years of age, Ind Super will give 7.80% interest rate on 300 days.
Talking about the 400 day special FD, the bank is offering a return of 7.25% to general citizens, while 7.75% is offered to senior citizen customers and 8.00% interest rate to super senior citizen customers. According to the bank’s website, “The special retail term deposit product “IND SUPER 400 DAYS”, offers high returns for investments ranging from Rs 10000 to less than *3 crores in the form of FD / MMD for 400 days.”
