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Here are three special fixed deposit (FD) schemes from different banks that offer higher interest rates and are ending on December 31, 2023

Here are three special fixed deposit (FD) schemes from different banks that offer higher interest rates and a…

These special FD schemes provide an opportunity for depositors to earn higher returns on their investments before the schemes expire in December 2023.

1. SBI Amrit Kalash (400 Days) offers an interest rate of 7.10% for the general public and 7.60% for senior citizens. It is valid until December 31, 2023.


2.Indian Bank Special FD includes Ind Super 400 days and Ind Super 300 days. The interest rates range from 7.05% to 8.00% depending on the category of customers. The last date to invest is December 31, 2023.


3.IDBI Bank offers Amrit Mahotsav FD for 444 days and 375 days with interest rates of 7.15% and 7.10% respectively. Senior citizens receive a higher interest rate of 7.65%.

FAQ

Q1: Are these special FDs available for new customers only?

A1: These special FDs are available for both new and existing customers of the respective banks.


Q2: Can I invest in these special FDs online?

A2: Yes, the investment channels include online platforms such as INB and YONO, in addition to branch services.


Q3: What are the minimum and maximum investment amounts for these special FDs?

A3: The minimum and maximum investment amounts vary for each special FD, ranging from Rs. 5,000 to less than Rs. 2 crore.