When it comes to managing income wisely, many people seek secure investment opportunities with promising returns. Fixed Deposit (FD) schemes have emerged as a popular choice, offering stability and income generation.
Understanding the Appeal of Fixed Deposits
Fixed Deposits have gained popularity due to their reliable returns and security. Banks typically offer competitive interest rates on FDs, making them attractive to investors seeking stability for their funds.
Closing Soon: Special FD Schemes
Two major banks are offering attractive interest rates of up to 8 percent on special FD schemes, but these offers will end on June 30, 2024.
Limited-Time Opportunities
IDBI Bank’s Special Utsav FD
IDBI Bank presents a limited-time opportunity with its special Utsav FD scheme. Investors can earn 7.05% interest, while senior citizens enjoy a higher rate of 7.55%.
This enticing offer is available for a 300-day investment period, with the deadline set for June 30th.The opportunity to invest in this scheme ends on June 30.
Indian Bank’s Special FD Scheme
Indian Bank also offers a special FD scheme, but time is running out. Investors can secure an impressive 8% interest rate on a 400-day FD, exclusive to super senior customers.
Similar to other offers, this scheme is only available until the end of June. Additionally, there are several small finance banks where investors can earn up to 9% interest on FDs.
Exploring Alternatives
Aside from these options, several small finance banks provide FD schemes with attractive interest rates, reaching up to 9%.
Investors seeking higher returns may find these alternatives worth considering before making their investment decisions.
