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These FD schemes offer a safe way to earn higher returns, but investors must hurry, as most are open only till September 30, making it a limited-time opportunity
Investors should carefully assess their financial needs, budget and compare interest rates before choosing an FD scheme. (Representative/Shutterstock)
Several leading public sector lenders have rolled out special fixed deposit (FD) schemes offering higher interest rates, available until September 2025. Indian Bank, IDBI Bank, and the State Bank of India (SBI) are among those giving investors a chance to boost returns while keeping their money safe.
Two Special FD Schemes By Indian Bank
Indian Bank has launched two new schemes: IND SECURE and IND GREEN. IND SECURE offers general customers an interest rate of 6.70% for a tenure of 444 days, whereas senior citizens receive 7.20% and super senior citizens benefit from 7.45%. IND GREEN, for a duration of 555 days, provides general customers with a 6.60% interest rate, senior citizens with 7.10%, and super senior citizens with 7.35%. Investors must take note that these schemes are valid until September 30, 2025.
IDBI Utsav Callable FD Scheme
IDBI Bank’s Utsav Callable FD scheme offers three tenures: 444, 555, and 700 days. Depending on the tenure, general customers can expect interest rates ranging from 6.60% to 6.75%. Senior citizens will receive between 7.10% and 7.25%, while super senior citizens can earn up to 7.40%. Similar to Indian Bank, the last date for investment in these schemes is September 30, 2025.
Amrit Vrishti FD Scheme By SBI
The State Bank of India (SBI) has introduced the Amrit Vrishti FD scheme with a tenure of 444 days. General customers can earn 6.60% interest, senior citizens 7.10%, and super senior citizens up to 7.20%. While the bank has not specified the scheme’s end date, it is anticipated to be for a limited period like the others.
These schemes present a valuable opportunity for those seeking good returns with minimal risk. However, prospective investors should act quickly, as most schemes are available only until September 30.
According to experts, investors should carefully assess their financial needs, budget and compare interest rates before choosing an FD scheme.
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