Bank: According to the Bank of India website, the bank has introduced a new FD (Monsoon Deposit) of 400 days with the highest interest rate. The bank offers interest rate in the range of 3 per cent to 7.25 per cent on deposits maturing between 7 days to 10 years to general customers.
FD in Bank: Many banks have launched special FDs with higher interest rates, but these FDs are for a limited time. Special FDs are available with time limits in banks including SBI, IDBI Bank, Indian Bank. Banks like Bank of India, Canara Bank and HDFC Bank have introduced new tenures with higher interest rates. In such a situation, here we are going to talk about some special FDs, which are giving good returns on FDs to their customers, but this offer is for a limited period.
Bank of India
According to the Bank of India website, the bank has introduced a new FD (Monsoon Deposit) of 400 days with the highest interest rate. The bank offers interest rate in the range of 3 per cent to 7.25 per cent on deposits maturing between 7 days to 10 years to general customers. The bank has introduced a new tenure of 400 days, which offers the highest interest rate of 7.25%.
HDFC bank
The bank launched two limited period fixed rate FDs for general citizens with tenures of 35 and 55 months and interest rates of 7.20 per cent and 7.25 per cent respectively. For senior citizens, the bank offers 7.60 and 7.75 per cent. According to the HDFC Bank website, higher FD rates are available at 7.20% for 35 months and 7.25% for 55 months. And senior citizens will get an additional benefit of 0.50%.
Special FD with time limit
SBI’s special FD Amrit Kalash will expire on 15 August 2023. IDBI Bank’s special FD called Amrit Mahotsav FD with a tenure of 444 days and also with a tenure of 375 days will expire on August 15, 2023. The special FD of Indian Bank is being called IND Super 400 Days. IND SUPREME 300 DAYS will end on August 31, 2023. Punjab and Sindh offer higher interest rates on tenures of 400 days and 601 days and the last date to invest is September 30, 2023.
