Prominent banks offer unique fixed deposit schemes with higher interest rates in order to attract investors. These schemes will expire on June 30 and are an appealing choice for investors wishing to maximize their rewards.
IDBI Bank
IDBI Bank is offering an exceptional deal on its Utsav fixed deposits (FDs), with tempting interest rates for both general and senior people over a range of maturity durations. For Utsav FDs maturing in 300 days, interest rates are 7.05 percent for general residents and 7.55 percent for senior people. Similarly, the rates for Utsav FDs with a 375-day maturity period are 7.1% and 7.6%. Finally, for individuals looking for Utsav FDs maturing in 444 days, the bank offers rates of 7.2% for ordinary residents and 7.7% for seniors. This program is active until June 30, 2024, providing an excellent opportunity for consumers looking for safe investment solutions with reasonable interest rates.
Indian Bank
Indian Bank provides two exceptional fixed deposit schemes: Ind Supreme 300 Days and Ind Super 400 Days. Interest rates on Ind Supreme 300 Days are set at 7.05 percent for regular people, 7.55 percent for senior persons, and 7.80 percent for super senior citizens. The rates for the Ind Super 400 Days scheme are 7.25%, 7.75%, and 8% for the same citizens. These rates attract investors of all ages, assuring competitive returns on deposits. The deadline to invest is June 30, 2024.
Punjab and Sindh Bank
Punjab and Sindh Bank offers customized fixed deposit packages with excellent interest rates for a variety of durations. Investors can take advantage of these incentives till June 30, 2024. The bank offers a 7.05% interest rate on FDs maturing in 222 days, 7.10% on deposits maturing in 333 days, and 7.25% on special deposits maturing in 444 days. These special FD programs offer investors the option to earn competitive returns on their investments within specific time constraints.
Two other popular FD schemes also have short deadlines on September 30. SBI offers two schemes:
SBI Amrit Kalash
The bank also pushed the Amrit Kalash deadline to September 30, 2024, from March 31, 2024. SBI runs this plan for 400 days, and the interest rate is 7.10 percent per year. This FD also allows you to take out a loan. Senior citizens, on the other hand, earn 7.60 percent interest under this arrangement.
SBI Wecare
The interest rate for SBI WeCare is 7.50%. Investors can receive an additional 0.80% interest rate on their term deposits as compared to normal term deposit programs. Investors can receive interest payments on their term deposits at either monthly or quarterly periods.
