Special Bank FD schemes: Punjab and Sind Bank alongside IDBI Bank have introduced special fixed deposits with higher interest rates available until December 31, 2024. Individuals seeking high-yield investments can participate before the specified end date.

IDBI Bank special FD

IDBI Bank’s Utsav FDs special offering concludes on December 31, 2024, for specific tenure periods of 300 days, 375 days, 444 days and 700 days, according to an ET report.
The final opportunity to invest in these special deposit schemes with durations of 300 days, 375 days, 444 days and 700 days remains open until December 31, 2024.
Regular customers can access interest rates of 7.05%, 7.25%, 7.35%, and 7.20% for 300 days, 375 days, 444 days and 700 days periods respectively. Senior citizens receive enhanced rates of 7.55%, 7.75%, 7.85%, and 7.70% for identical tenure periods.
General Terms and conditions for IDBI Bank’s UTSAV FD
* Tenure of 300 Days not applicable for NRE deposits.
* Premature withdrawal / closure permitted.
* Staff & Senior Citizen Rates are not applicable to NRO & NRE term Deposits.
* All other features of term deposit as well as terms and conditions shall remain unchanged and are applicable for the above scheme also.
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Punjab & Sind Bank special FD

Punjab & Sind Bank’s special fixed deposit scheme remains valid until December 31, 2024, as stated on their official website. The bank presents multiple fixed deposit options with varying durations.
For a 222-day term, the bank provides 6.30% interest, whilst a 333-day deposit earns 7.20%. General citizens receive 7.30% interest on 444-day deposits. The bank offers 7.45% interest on 555-day callable deposits. For 777-day deposits, the interest rate stands at 7.25%, and 999-day callable deposits earn 6.65%.
For senior citizens, the bank grants an additional 0.50% interest on deposits below Rs. 3 crore, applicable to terms of 180 days and above. This enhancement applies to both new deposits and renewals. The interest rates for 555-day callable deposits range between 4% and 7.95%.
Super senior citizens, aged 80 years and above, receive an extra 0.15% interest on specific deposit periods (222, 333, 444, 555, 777, and 999 days) for amounts under Rs. 3 crore. This additional benefit applies to deposits with maturities of 180 days and above, including fresh deposits and renewals. The maximum interest rate available to super senior citizens reaches 8.10% for 555-day deposits.