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Top Banks Offer Special FDs with High Interest Rates - Act Before December 31, 2023
Top Banks Offer Special FDs with High Interest Rates - Act Before December 31, 2023
Several leading banks, including SBI, Indian Bank, and IDBI Bank, are offering special fixed deposits (FDs) with higher interest rates to entice depositors. These special FDs are recommended for individuals seeking a higher return on their investments before they expire on December 31, 2023.
Key Takeaways:
- SBI Amrit Kalash (400 Days) offers an interest rate of 7.10% for the general public and 7.60% for senior citizens, with a validity until December 31, 2023.
- Indian Bank’s “Ind Super 400” and “Ind Supreme 300 days” offer interest rates ranging from 7.05% to 8.00% for different investment periods, with the last date to invest being December 31, 2023.
- IDBI Bank’s “Amrit Mahotsav FD” for 375 days and 444 days provides interest rates of 7.10% to 7.65% for different customer categories, with a festive offer extension until December 31, 2023.
Here are the details of the special fixed deposits (FDs) offered by three different banks, including SBI, Indian Bank, and IDBI Bank, with higher interest rates and their expiration on December 31, 2023:
SBI Amrit Kalash (400 Days)
Interest Rate: 7.10% for general public, 7.60% for senior citizens
Investment Period: 400 days
Validity: Till December 31, 2023
Investment Channels: Branch, INB, YONO
Special Features: Premature withdrawal and loan against deposit options available
Source: SBI website
Indian Bank Special FD
Ind Super 400 days
Interest Rate: 7.25% for general public, 7.75% for seniors, 8.00% for super senior citizens
Investment Period: 400 days
Validity: Last date to invest is December 31, 2023
Investment Range: Rs. 10,000 to less than Rs. 2 crore
Special Features: Callable options available
Source: Indian Bank website
Ind Super 300 days
Interest Rate: 7.05% for general public, 7.55% for seniors, 7.80% for super senior citizens
Investment Period: 300 days
Validity: Last date to invest is December 31, 2023
Investment Range: Rs. 5,000 to less than Rs. 2 crore
Special Features: Callable options available
Source: Indian Bank website
IDBI Bank Special FD
Amrit Mahotsav FD 444 days
Interest Rate: 7.15% for general public, 7.65% for senior citizens
Investment Period: 444 days
Validity: Festive Offer Extension up to December 31, 2023
Customer Eligibility: Regular, NRE, and NRO customers
Source: IDBI Bank website
Amrit Mahotsav FD 375 days
Interest Rate: 7.10% for general public, 7.65% for senior citizens
Investment Period: 375 days
Validity: Festive Offer Extension up to December 31, 2023
Customer Eligibility: Regular, NRE, and NRO customers
Source: IDBI Bank website
These special FDs offer higher interest rates and are recommended for depositors who want to get a higher return on their FDs before they expire in December 2023.
FAQ
Q1: Can I invest in these special FDs online?
A1: Yes, SBI Amrit Kalash FD Scheme can be invested through branch, INB, YONO channels, and Indian Bank and IDBI Bank may also offer online investment options.
Q2: Are there any special features available with these special FDs?
A2: Yes, SBI Amrit Kalash and Indian Bank’s special FDs offer features such as premature withdrawal and loan against deposit options.
Q3: What is the last date to invest in these special FDs?
A3: The last date to invest in these special FDs from SBI, Indian Bank, and IDBI Bank is December 31, 2023.
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