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Special Fixed Deposit: Special Fixed Deposits were introduced by the major banks of the country, so that senior citizens and common citizens can get more interest as compared to low interest. Now that banks have increased the rates of normal FDs from common citizens to senior citizens, then these special FDs are being closed. These special FDs will be closed after March 31.
If you are going to invest in FD for more interest, then here is information about the interest of some special fixed deposits, by investing in which you can avail good interest. Let us know which banks are offering these offers.
State Bank Of India Special FD
Two special FDs of SBI, one of the country’s leading banks, are expiring after March 31. These two FDs of Vcare and 400 days were started in 2020. Additional interest ranging from 30 bps to 50 bps is being given on VCare. According to the website, the interest under this is 7.50 percent. On the other hand, 7.60 percent interest is being given to senior citizens on Amit Kailash Special FD for 400 days.
HDFC Bank Special FD
This bank started special FD for senior citizens in May 2020. Under this special FD, extra interest of 0.25 percent is being given. It has a tenure of 10 years and the interest is 7.75 per cent.
IDBI Bank FD
This bank is giving 0.25% interest to general public and 0.50% interest to senior citizens on special FDs of 400 days and 700 days tenure. 7.50% interest is being offered to senior citizens on this FD. At the same time, the interest on the tenure of 10 years is 7 percent.
Indian Bank Special FD
Under the special FD of 555 days, this bank is giving 7% interest to common people and 7.50% interest to senior citizens. An investment of Rs 5000 to Rs 2 crore can be made in this.
Punjab And Sind Bank
This bank is offering three types of special FDs. This bank is paying 8.85 percent interest on the special FD for the first 222 days. This bank is giving interest up to 7.85 on the second 601 day FD. At the same time, interest is being offered up to 8.35 per cent for the third 300-day tenure.
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