Many banks offer special fixed deposits to their customers with higher interest rates. However, one should know that these special FDs come with end dates which banks revise occasionally. Here are big banks such as SBI, HDFC Bank and IDBI Bank special FD details and their deadlines. Investors can book their funds before the deadline and avail the higher interest rate benefit.
IDBI Bank: June 30 deadline
IDBI Bank has extended the validity date for Utsav FDs for special buckets tenures of 300 Days, 375 Days, and 444 Days.
Also read: Up to 7.75% FD rate: IDBI extends last date to invest in special fixed deposits with higher interest rates
Utsav Callable FD
The interest rate structure is as under:
| Interest Rate (% p.a.) | |||
| Special Buckets | General/NRE/NRO | Senior Citizens | |
| 300 Days | 7.05 | 7.55 | |
| 375 Days | 7.1 | 7.6 | |
| 444 Days | 7.25 | 7.75 | |
Utsav FD 300 days
The bank offers senior citizens 7.55%. The bank gives regular, NRE, and NRO customers an interest rate of 7.05% under the Amrit Mahotsav FD scheme of 300 days.
Utsav FD 375 days
The bank gives senior citizens 7.60%. The bank gives regular, NRE, and NRO customers an interest rate of 7.10% under the Amrit Mahotsav FD scheme of 375 days.
Utsav FD 444 days
The bank offers normal, NRE, and NRO clients an interest rate of 7.25% and for senior citizens, the bank offers older citizens 7.75% Fd interest rates.
IDBI Bank FD interest rates
The bank offers interest rates between 3% to 7% for general citizens for tenure ranging from 7 days to 10 years.
What is the deadline to invest in Utsav Callable FD
It has extended these special fixed deposit deadlines to June 30, 2024 from March 31, 2024.
SBI WeCare FD: September 30 deadline
The State Bank of India (SBI) has extended the deadline to invest in SBI WeCare special FD, which offers higher interest rates to senior citizens for maturities ranging from 5 to 10 years. SBI Wecare was established with the goal of safeguarding older adults’ incomes by providing additional interest.
The interest rate offered on SBI WeCare is 7.50%. The scheme has been extended to September 30, 2024. The scheme is available on fresh deposits and renewal of maturing deposits.
According to the SBI website, “Additional premium of 50 bps (over and above existing premium of 50 bps) over card rate for Public i.e., 100 bps over card rate for Public.”
SBI Senior citizen FD rates
For SBI senior citizens, the bank offers interest rate between 4% to 7.50%. Note that highest interest rate of 7.50% on tenure of 2 years to less than 3 years.
SBI Amrit Kalash: September 30 deadline
The special fixed deposit scheme for retail customers offers higher interest rates for regular and senior citizens.
What is the last date to invest
The bank also extended Amrit Kalash deadline to September 30, 2024 from March 31, 2024.
As per the website, “The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 30-September-2024.”
Also read: SBI special FD with interest rate up to 7.6%: Last date to invest in SBI Amrit Kalash extended
According to the SBI website, “The interest shall be 0.50% to 1% below the rate applicable at the time of Deposits for the period Deposit has remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower.”
SBI FD interest rates
State Bank of India has increased fixed deposit interest rates on certain tenures. Now interest rates ranges between 3.5% and 7% (except Amrit kalash) for general citizens for amounts below Rs 2 crore and for senior citizens, interest rates offered are between 4% and 7.50%.
HDFC Bank Senior Citizen Care FD: Deadline is April 15
HDFC Bank offers higher interest rates on its special fixed deposit offered only to senior citizens known as Senior Citizen Care FD.
What is the last date to invest in HDFC Bank Senior Citizen Care FD
The last date to invest in HDFC Bank Senior Citizen Care FD is April 15, 2024, according to the HDFC Bank website.
HDFC Bank Senior Citizen Care FD: Only few days left to invest in this FD with higher interest rate
The bank offers 0.75%* extra interest rate with Senior Citizen Care FD offer. Note that This offer is for resident senior citizens aged 60 years and above, (not applicable to NRI) who wish to book a Fixed Deposit less than 5 crores for a tenure of 5 years one day to 10 years. Offer valid for all new/renewal of Senior Citizens FD less than 5 crore.
