Special Fd News Today

SBI (State Bank of India) Amrit Kalash special fixed deposit (FD) schemes validity has been extended. The special fixed deposit scheme for retail customers offers higher interest rates for regular and senior citizens.

The deadlines include life certificate submission deadline, and last dates to invest in IDBI special FDs, Punjab and Sindh special FDs, HDFC Banks senior Citizens care FD.

The interest rate on a 13-month term deposit is 7.30% for the general citizens and 8.07% for senior citizens. The increased pricing would only be available for a short time.

Punjab & Sind Bank is offering a special fixed deposit known as PSB FD-555 Days, which will end on June 30, 2023. Under the scheme, the bank offers the highest interest rate of 8% to super senior citizen and 7.85% to senior citizens.

For a tenure of 1 year to less than 15 months, the bank has revised the rate to 6.6 per cent, and for senior citizens, the rate has been revised to 7.1 per cent.

State Bank of India boosts interest rates on special FDs.

A special fixed deposit (FD) is a kind of investment option provided by some banks and financial institutions.

Fixed deposits are a low-risk investment choice since the interest rate remains constant during the duration of the account.

Indian banks phase out special fixed deposits offering higher interest rates.

Amid rising interest rate regimes some banks are providing special fixed deposits (FDs) with irregular tenors of days rather than months or years—that effectively guarantee higher interest rates than traditional FDs.