Special-Tenure FD Schemes That Offer Rates up to 8.05%; Invest before March 31, 2025
Several banks have introduced special fixed deposit (FD) schemes that offer high interest rates as compared to the traditional FD schemes. These FDs have a limited maturity period. In response to the central bank’s reduction in the repo rate, banks may also lower the rates in FD. It allows the customers to avail higher interest rates on their fixed deposits before banks decrease the rates. Here are some banks that offer these high-interest rate FDs.
- IDBI Bank: Utsav Callable FD
- State Bank of India (SBI): Amrit Vrishti and Amrit Kalash
- Indian Bank: IND Supreme 300 Days and IND Super 400 Days
The above FD scheme is effective till March 31, 2025. Invest before the mentioned deadline if you want to benefit from the high interest rates offered by them, as the banks are expected to lower these FD rates after March 31, 2025.
Overview of the FD schemes
1) IDBI Bank: Utsav Callable FD
The interest rates offered by this scheme depend on the maturity period of the relevant scheme.
| Maturity period | General citizens | Senior citizens | Super Senior citizens (January 13, 2025) |
| 300 Days | 7.05% | 7.55% | 7.55% |
| 375 Days | 7.25% | 7.75% | 7.90% |
| 444 Days | 7.35% | 7.85% | 8% |
| 555 Days | 7.40% | 7.90% | 8.05% |
| 700 Days | 7.20% | 7.70% | 7.85% |
2) SBI Amrit Vrishti
| Tenure | Category | Interest Rate |
| 444 days | General Citizens | 7.25% |
| Senior Citizens | 7.75% |
3) SBI Amrit Kalash
| Tenure | Category | Interest Rate |
| 400 days | General Citizens | 7.10% |
| Senior Citizens | 7.60% |
4) Indian Bank’s IND Supreme 300 Days
| Tenure | Category | Interest Rate |
| 300 days | General Citizens | 7.05% |
| Senior Citizens | 7.55% | |
| Super Senior Citizens | 7.80% |
5) Indian Bank’s IND Supreme 400 Days
| Tenure | Category | Interest Rate |
| 400 days | General Citizens | 7.30% |
| Senior Citizens | 7.80% | |
| Super Senior Citizens | 8.05% |
