As the March 31, 2025, deadline has passed, most banks have discontinued their special fixed deposit (FD) schemes that offered higher-than-usual returns. However, do not be disheartened; Indian Bank and Punjab & Sind Bank have extended their limited-time FD offers, providing depositors more time to lock in attractive interest rates up to 8.05%. While Indian Bank has retained its existing special FD rates, Punjab & Sind Bank has reduced interest rates on select FDs and discontinued certain special FD tenures. The new deadline for these special FDs is June 30, 2025.Also read: HDFC Bank ends special edition deposit: Now offers highest FD interest of 7.75% from 7.90%
Indian Bank’s Special FD Deadline
Indian Bank, a public sector lender, offers special fixed deposit (FD) schemes of IND Supreme 300 Days and IND Super 400 Days. These schemes provide the highest interest rates of 8.05% for super senior citizens. The bank has kept the regular fixed deposit and special fixed deposit interest rate unchanged.
The bank has extended the last date of these schemes to June 30, 2025.
IND Super 400 days
| Public | 7.30% | |
| Senior Citizen | 7.80% | |
| Super Senior Citizen | 8.05% | |
IND Supreme 300 days
| Category | Rate of Interest (%p.a) | |
| Public | 7.05% | |
| Senior Citizen | 7.55% | |
| Super Senior Citizen | 7.80% | |
Punjab & Sind Bank’s Special FD Deadline
Punjab & Sind Bank has reduced the special fixed deposit interest rate and has ended some of the tenures. The deadline has been extended to June 30, 2025. The new rates are effective April 1, 2025.Also read: Yes Bank cuts the FD interest rate: Is this the beginning of the downtrend of FD interest rate?
The bank has discontinued 333 days and 555 days tenures, offering FD interest rates of 77.2% and 7.45%, respectively.
For the 444 days tenure, the bank has reduced the interest rate by 20 basis points-from 7.30% to 7.10%. For 777 days, the lender reduced its rate by 0.75%-from 7.25% to 6.50%. On a 999-day term, it reduced the interest rate by 30 basis points-from 6.65% to 6.35%.
| Revised w.e.f. 01/04/2025 (% p.a.) | |
| Maturity | Fixed Deposit |
| Less than Rs.3 Cr | |
| 7 – 14 Days | 3.50(#) |
| 15 – 30 Days | 3.5 |
| 31 – 45 Days | 4 |
| 46 – 90 Days | 4.5 |
| 91 – 120 Days | 4.5 |
| 121-150 Days | 4.5 |
| 151 – 179 Days | 6 |
| 180 – 364 Days | 5.25 |
| 1 Year | 6.3 |
| >1 Years – 374 Days | 6 |
| 375 Days | 7.25 |
| 376 Days – 443 Days | 6 |
| 444 Days | 7.10($) |
| 445 Days – 22 Months | 6 |
| 22 Months (PSB Green Earth) | 6.10* |
| >22 Months-2 Years | 6 |
| 2 Years – 776 Days | 6.3 |
| 777 Days | 6.50($) |
| 778 Days -998 Days | 6.3 |
| 999 Days ( Callable) | 6.35($) |
| 999 Days (Non-Callable)* | 6.40($) |
| 1000 Days – 3 Years | 6.3 |
| 3 Years – 44 Months | 6 |
| 44 Months (PSB Green Earth) | 6.10* |
| >44 Months – 5 years | 6 |
| 5 Y | 6.5 |
| 66 Months (PSB Green Earth) | 6.35* |
| >5Y – 66 Month | 6.25 |
| 66 Month (PSB Green Earth) | 6.35* |
| > 66 Month -10Y | 6.25 |
Source: Bank website
(#) Minimum amount of term deposit shall be Rs. 1.00 lac
($) Valid for period up to 30.06.2025 only
(*) As Per Terms & Conditions
Other Banks Special FD deadline
HDFC Bank has ended its special edition fixed deposit, while State Bank of India (SBI) and IDBI Bank have not provided any updates on this matter.
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