Indian Bank is currently offering special fixed deposit schemes with attractive interest rates.
Customers can invest in the following schemes until June 30, 2024:
Ind Super 400 days FD Scheme
Indian Bank’s Ind Super 400 days FD scheme allows early withdrawal options.
Investors can deposit between Rs 10,000 and Rs 2 crore, with interest rates set at 7.25% for the general public, 7.75% for senior citizens, and 8.00% for super senior citizens.
Ind Super 300 days FD Scheme
Launched on July 1, 2023, the Ind Super 300 days FD scheme offers interest rates ranging from 7.05% to 7.80%.
Customers can invest between Rs 5,000 and less than Rs 2 crore.
Punjab and Sindh Bank Special FD Scheme
Punjab and Sindh Bank is also offering special FD schemes with varying durations:
- 222 days FD: Offers 7.05% interest.
- 333 days FD: Offers 7.10% interest.
- 444 days FD: Offers 7.25% interest, rising to 8.05% for super senior citizens.
Investors have until June 30, 2024, to take advantage of these lucrative opportunities.
Importance of Investing Before June 30, 2024
It is crucial to note that these special FD schemes from Indian Bank and Punjab and Sind Bank are available only until June 30, 2024.
By investing in these schemes before the deadline, customers can take advantage of higher interest rates and secure their investments for periods ranging from 222 days to 400 days.
Investing in these FDs not only offers competitive returns but also provides flexibility with options like premature withdrawal (callable FDs) and enhanced interest rates for senior citizens.
Missing the June 30 deadline could mean missing out on these favorable terms and potentially losing out on higher returns.
Therefore, if you are considering investing in a fixed deposit with attractive interest rates, ensure to complete the investment process by June 30 to avoid missing this opportunity.
