Top Indian Banks Unveil Special FD Schemes with Attractive Interest Rates

To address the decline in deposit rates, several Indian banks have recently introduced limited-time special Fixed Deposit (FD) schemes offering elevated interest rates. These newly launched FD schemes, available over the past couple of months, present a solid investment opportunity for Indian savers looking for a dependable and consistent return. With these enhanced rates, investors can benefit from better returns compared to standard FDs. If you're considering boosting your savings, these special FD offers might be worth exploring. Don’t miss out on this chance to make the most of your money with higher yields.

Top 5 FD Schemes Offering Higher Interest Rates

SBI Amrit Vrishti Scheme

The State Bank of India introduced the Amrit Vrishti FD Scheme in July 2024, designed to offer higher returns with a tenure of 444 days. Investors can earn up to 7.25% interest, while senior citizens benefit from a rate of up to 7.75%. This scheme is available from July 15, 2024, until March 31, 2025, giving ample time for those looking to maximize their returns. For more details or to invest, visit any SBI branch, use YONO SBI, YONO Lite, or SBI internet banking. Premature withdrawal is possible, though it involves a penalty.

Bank of Baroda’s Monsoon Dhamaka Scheme

Bank of Baroda’s Monsoon Dhamaka Scheme, launched in July 2024, offers attractive interest rates on term deposits. The scheme provides 7.15% for a 333-day deposit and 7.25% for a 399-day deposit, with rates rising to 7.65% and 7.40% respectively for senior citizens. Additionally, non-callable deposits earn a higher return. This limited-time offer is an excellent opportunity for those looking to invest for a short-term period. Be sure to check the details at your nearest Bank of Baroda branch or online.

IND Super 400 Days

Indian Bank’s new FD schemes, "IND Super 400" and "IND Super 300," offer competitive rates for a 300 to 400-day tenure. The IND Super 400 provides 7.25% for general investors and 7.75% for senior citizens over 400 days, while the IND Super 300 offers 7.05% for general investors and 7.55% for senior citizens over 300 days. This scheme is available until September 30, 2024. These FDs are perfect for those looking for a balance between term and return.

IDBI Bank Amrit Mahotsav Scheme

IDBI Bank’s Amrit Mahotsav FD Scheme offers various tenures up to 445 days, with interest rates reaching up to 7.35% for general investors and 7.85% for senior citizens. For 375-day FDs, rates are 7.25% for general and 7.75% for senior citizens. This scheme is open until September 30, 2024, making it a timely option for those seeking higher returns on medium-term deposits. Explore this opportunity at IDBI branches or online to make the most of your savings.

RBL Bank Vijay FD Scheme

RBL Bank's Vijay FD Scheme, launched on Independence Day, provides an impressive interest rate of 8.6% per annum for a 500-day tenure. General investors receive 8.10%, while senior citizens benefit from the top rate. This special FD, honoring India's bravehearts, is a standout choice for those looking to lock in higher returns for a longer period. For more details or to invest, visit RBL Bank’s website or your nearest branch. Take advantage of this high-yield option while it's available.