FD interest rates: Opportunity to open these 4 FDs offering high interest rates by 31 March
FD interest rates: It is advisable to compare the interest rates paid by various banks at the opening of fixed deposits (FD). Some banks have started cutting their interest rates after the RBI has a decrease in the repo rate after a gap of about five -year. A slight difference of 50 basis points in the interest rate also leads to high income. For example, an investment of Rs 5 lakh in fixed deposit with an additional interest rate of 50 basis points can earn an additional income of Rs 12,500 in five years. If FD is Rs 10 lakh, additional income will increase to Rs 25,000. Here is a list of higher interests of 4 special period fixed deposits.
Four special FD
SBI Amrit: This is a 444 -day fixed deposit scheme. It provides 7.25 percent interest per year and 7.75 % interest for senior citizens. The last date for launching this State Bank of India scheme is 31 March.
SBI Amrit Kalash: 7.10 percent interest for ordinary citizens on fixed deposits and 7.60 percent interest for senior citizens. The last date for State Bank of India FD is also the last date for March 31.
IDBI Bank Utsav Callable FD: IDBI Bank provides 7.05 percent interest for Utsav Callbul FD for ordinary citizens and 7.55 percent for senior citizens in a period of 300 -day. IDBI Bank also offers several other special time FDs. Bank General and Senior Citizen offers 7.25 percent and 7.85 percent interest on 375 days FD. The bank provides 7.35 percent and 7.85 percent interest in 444 days of General and Senior Citizen FD. 555 days of FD will get 7.40 percent for ordinary citizens and 7.9 percent for senior citizens. Finally, the bank offers 7.20 and 7.70 % on 700 days FD. The last date for launching this fixed deposit is 31 March 2025.
Indian bank: Indian Bank also provides an IN Supreme 300 FD scheme, 300 -day fixed deposit scheme. It provides 7.05 percent for ordinary citizens and 7.55 percent for senior citizens. The last date for opening this FD is 31 March.
