Special Fixed Deposit: Only a few days are left to invest in these four special special FD schemes with high interest. Soon the last date of special schemes of SBI, HDFC, Indian Bank is going to end.
Special Fixed Deposit:
If you want more returns in Fixed Deposit, then hurry up because the last date of special FD Scheme with higher interest rate of many banks is about to end. Today we are going to tell you about four such special FD schemes of SBI, HDFC Bank and Indian Bank.
Amrit Kalash Scheme of SBI
State Bank of India i.e. SBI has started Amrit Kalash FD Scheme with an interest rate of 7.10 percent with a tenure of 400 days. In this scheme, an interest rate of 7.60% is being offered to senior citizens, which is about one percent more than the common FD schemes. The last date for investment in this FD scheme is till June 30, 2023.
SBI’s We Care Scheme
SBI has introduced another FD scheme named We Care (SBI Wecare FD scheme) especially for senior citizens. This is a long term FD scheme with a tenure of 5 to 10 years. SBI is offering a higher interest rate of 7.50 per cent to senior citizens in the We Care FD scheme. Investments can be made in this scheme till June 30, 2023.
HDFC Bank Senior Citizen Care FD
HDFC Bank launched a special FD scheme for senior citizens in May 2020 named HDFC Bank Senior Citizen Care FD. Under this special FD scheme, the bank offers an additional interest rate of 0.25% (0.50% above the existing rate) on deposits below Rs.5 crore.
The bank is paying interest at a higher rate of 7.75% per annum on this FD ranging from five years to ten years. Investments can be made in this special FD till July 7, 2023. According to the website of HDFC Bank, in this scheme, on sweep in and partial closure i.e. premature closure of FD, after 5 years the interest rate will be 1.25% less than the offer rate or the base rate will be applicable.
Indian Bank’s Ind Shakti FD Scheme
Under Indian Bank’s 555-day Ind Shakti FD Scheme (IND SHAKTI), the bank is offering 7.25% interest rate to the general public and 7.75% to senior citizens. The minimum investment in this scheme is Rs 10,000 and the maximum investment limit is less than Rs 2 crore. This special FD scheme is going to end on June 30, 2023.
