Special Bank FD schemes: Punjab and Sind Bank alongside IDBI Bank have launched special fixed deposits with increased interest charges accessible till December 31, 2024. Individuals in search of high-yield investments can take part earlier than the specified finish date.
IDBI Bank special FD
IDBI Bank’s Utsav FDs special providing concludes on December 31, 2024, for particular tenure durations of 300 days, 375 days, 444 days and 700 days, in accordance to an ET report.
The ultimate alternative to make investments in these special deposit schemes with durations of 300 days, 375 days, 444 days and 700 days stays open till December 31, 2024.
Regular clients can entry interest charges of seven.05%, 7.25%, 7.35%, and seven.20% for 300 days, 375 days, 444 days and 700 days durations respectively. Senior residents obtain enhanced charges of seven.55%, 7.75%, 7.85%, and seven.70% for similar tenure durations.
General Terms and circumstances for IDBI Bank’s UTSAV FD
* Tenure of 300 Days not relevant for NRE deposits.
* Premature withdrawal/closure permitted.
* Staff & Senior Citizen Rates aren’t relevant to NRO & NRE time period Deposits.
* All different options of time period deposit in addition to phrases and circumstances shall stay unchanged and are relevant for the above scheme additionally.
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Punjab & Sind Bank special FD
Punjab & Sind Bank’s special fixed deposit scheme stays legitimate till December 31, 2024, as acknowledged on their official web site. The financial institution presents a number of fixed deposit choices with various durations.
For a 222-day time period, the financial institution offers 6.30% interest, while a 333-day deposit earns 7.20%. General residents obtain 7.30% interest on 444-day deposits. The financial institution provides 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 residents, the financial institution grants a further 0.50% interest on deposits under Rs. 3 crore, relevant to phrases of 180 days and above. This enhancement applies to each new deposits and renewals. The interest charges for 555-day callable deposits vary between 4% and seven.95%.
Super senior residents, aged 80 years and above, obtain an additional 0.15% interest on particular deposit durations (222, 333, 444, 555, 777, and 999 days) for quantities beneath Rs. 3 crores. This extra profit applies to deposits with maturities of 180 days and above, together with contemporary deposits and renewals. The most interest rate accessible to tremendous senior residents reaches 8.10% for 555-day deposits.
