As the year 2024 comes to a close, the deadline for some important bank fixed deposit (FD) schemes is also approaching.
This month is crucial for investing in special FD schemes offered by banks like Punjab and Sindh Bank,
and IDBI Bank, which offer attractive interest rates. These FD schemes will end on December 31, so there are only a few days left to invest.
IDBI Bank Special FDs
IDBI Bank has launched several special FD schemes called Utsav FDs, with varying terms of 300 days, 375 days, 444 days, and 700 days. The interest rates offered for these FDs are as follows:
1) 7.05% for 300 days
2) 7.25% for 375 days
3) 7.35% for 444 days
4) 7.20% for 700 days
For senior citizens, there is an additional interest of 0.50% across all FD terms. This means seniors will receive higher returns on their investments.
Punjab and Sind Bank Special FDs
Punjab and Sindh Bank also offers several special FD schemes with different durations. These FD schemes will also end on December 31, so time is running out. The interest rates for these FDs are:
1) 6.30% for 222 days
2) 7.20% for 333 days
3) 7.30% for 444 days
4) 7.45% for 555 days
5) 7.25% for 777 days
6) 6.65% for 999 days
Similar to IDBI Bank, senior citizens will get an additional 0.50% interest, and super senior citizens will get an extra 0.15% on top of that.
If you’re considering these special FD schemes, make sure to invest before the deadline of December 31 to take advantage of the higher interest rates.
