Top 5 Special FDs Offering Up to 8.05% Interest Before March 31, 2025

To attract investors, many banks have launched special fixed deposit (FD) schemes offering higher interest rates in recent years. These special FD schemes are a great opportunity, particularly for senior citizens, as they provide better returns compared to normal FDs. However, as the Reserve Bank of India (RBI) recently reduced policy rates, there are chances that FD rates may fall in the future. Therefore, it is advisable for investors to take advantage of these special FD schemes before March 31, 2025, to lock in higher returns.

Top 5 Special Fixed Deposit Schemes

Here are five banks offering special FD schemes with attractive interest rates:

1. SBI’s Amrit Vrishti

SBI’s Amrit Vrishti is a special fixed deposit scheme offering a tenure of 444 days. It offers an interest rate of 7.25% for regular customers and 7.75% for senior citizens. This scheme is available until March 31, 2025.

2. SBI’s Amrit Kalash

SBI’s Amrit Kalash is another special FD scheme with a tenure of 400 days. It offers an interest rate of 7.10% for regular customers and 7.60% for senior citizens. This scheme is also available until March 31, 2025.

3. IDBI Bank – Utsav Callable FD

IDBI Bank offers the Utsav Callable FD scheme, where the interest rate varies depending on the tenure of the FD. The available interest rates are:

• 300 Days: 7.05% for general customers, 7.55% for senior citizens, and 7.55% for super senior citizens.
• 375 Days: 7.25% for general customers, 7.55% for senior citizens, and 7.90% for super senior citizens.
• 444 Days: 7.35% for general customers, 7.85% for senior citizens, and 8.00% for super senior citizens.
• 555 Days: 7.40% for general customers, 7.50% for senior citizens, and 8.05% for super senior citizens.
• 700 Days: 7.20% for general customers, 7.70% for senior citizens, and 7.85% for super senior citizens.

4. IDBI Chiranjeevi-Super Senior Citizen FD

This special FD scheme is designed for resident individuals aged 80 years and above. It provides additional benefits to super senior citizens, ensuring higher returns on their investments.

5. HDFC Bank – Special Fixed Deposit Scheme

HDFC Bank has also launched a special FD scheme with attractive interest rates of 7.25% for regular customers and 7.75% for senior citizens. The tenure for this scheme is 12 to 24 months, and it is available until March 31, 2025.

Why Invest in Special FDs?

Investing in these special FD schemes allows depositors to lock in higher interest rates before any potential rate cuts by the RBI. For senior citizens, these schemes provide a safe and profitable investment option, offering higher returns compared to regular fixed deposits.

Conclusion

These special FD schemes offer a great opportunity to secure better returns on investments before the RBI’s potential policy changes. Investors are encouraged to consider these schemes, especially senior citizens, who can benefit from higher interest rates and additional perks. If you are planning to invest in FDs, consider locking in these rates before March 31, 2025.

People May Ask

1. What are special FDs?

Special FDs are fixed deposit schemes launched by banks offering higher interest rates compared to regular FDs. These schemes are typically designed for a limited period and may come with additional benefits, such as higher rates for senior citizens.

2. How long are these special FD schemes available?

These special FD schemes are available until March 31, 2025. After this date, the banks may revise or discontinue these schemes.

3. Can senior citizens avail better interest rates?

Yes, most banks offer higher interest rates on special FD schemes for senior citizens. For instance, SBI’s Amrit Vrishti and IDBI’s Utsav Callable FD offer rates up to 7.75% and 8.05%, respectively, for senior citizens.

4. What is the tenure of these special FD schemes?

The tenure for these special FD schemes ranges from 300 days to 700 days, depending on the bank and the specific FD scheme. For example, SBI’s Amrit Vrishti has a tenure of 444 days, while IDBI offers schemes with tenures ranging from 300 days to 700 days.

5. Are these special FD schemes safe?

Yes, these special FD schemes are safe as they are offered by reputable banks like SBI and IDBI, which are regulated by the Reserve Bank of India (RBI). Fixed deposits are considered low-risk investments.

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