Special FD scheme: Many banks are offering special fixed deposit (FD) schemes with high-interest rates. These special schemes are offered for a limited time and while some banks have already discontinued a few schemes, others have extended the deadline. Big lenders like the State Bank of India (SBI) and IDBI Bank are among the banks which have revised the interest rate of their special FD scheme. Here is a list of banks that offer special FD schemes with longer terms:

SBI Amrit Kalash

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State Bank of India has reintroduced its ‘Amrit Kalash’ scheme. This is a 400-day scheme with the interest rate fixed at 7.1 per cent for the general public and 7.6 per cent for senior citizens. The scheme is reintroduced and investors can now invest in the scheme till June 30, 2023.

IDBI Bank Amrit Mahotsav FD scheme

IDBI Bank’s Amrit Mahotsav scheme came into effect on April 1. Under the Amrit Mahotsav 444 days FD scheme, the bank is offering an interest rate of 7.15 per cent for the general public, NRE, and NRO deposits. Senior citizens will get an interest rate of 7.65 per cent.

Indian Bank’s IND Super 400 days scheme

Indian Bank has hiked the interest rates for its IND Super 400 days scheme by 10 basis points (bps). The new interest rate for the scheme is fixed at 7.25 per cent. The deadline to invest in the scheme is also extended from April 19 to June 30, 2023. The minimum investment is Rs 10,000 and the maximum investment is Rs 2 crore for 400 days in the form of an FD/MMD with callable options.

Punjab And Sindh Bank’s PSB Grih Lakshmi Fixed Deposit Scheme

This scheme is for women where the account has to be opened in the name of the Resident woman including minors. Women investors can invest for 551 days with a minimum deposit of Rs 5,000 in multiples of Rs 1,000. The scheme is valid till June 23, 2023.

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