FD interest rate up to 8.05%: 4 banks that are still offering special FDs; Check the last date, latest interest rates
Four banks have extended the last date for their
special fixed deposit schemes
. The extended deadline for special FDs comes with a reduced
FD interest rate
. It is important to note that the Reserve Bank of India (RBI) has cut the repo rate by 25 basis points each time since the start of 2025.
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Indian Bank
has extended the last date for its IND Supreme 300-day and IND Super 400-day FDs to June 30, 2025. Meanwhile, Punjab & Sind Bank has extended its special tenure FD till June 30, 2025, and revised the interest rate.
IDBI Bank
's Utsav Deposit tenures have been overhauled, 300 and 375-day FD schemes discontinued, and key interest rates trimmed, effective April 16, 2025. The
State Bank of India
(SBI) has relaunched the SBI's Amrit Vrishti 444-day FD at a reduced rate, giving savers a fresh opportunity to lock in returns on a mid-term deposit.
ET Wealth online looks at the four special FDs in detail.
Indian Bank's IND Supreme, Super Special FD
Indian Bank, a public sector bank, offers special FD schemes, IND Supreme 300 Days and IND Super 400 Days. These FD schemes provide the highest interest rates of 8.05% for super senior citizens. The bank has kept the regular fixed deposit and special fixed deposit interest rates unchanged.
The bank has extended the last date of these schemes to June 30, 2025.
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Punjab & Sind Bank's Special FD
Punjab & Sind Bank has reduced the special fixed deposit interest rate and ended some special FD tenures. Now, bank customers have until June 30, 2025, to invest in the available special FD.
The bank discontinued 333-day and 555-day FD tenures, which offered FD interest rates of 77.2% and 7.45%, respectively. Please check the interest rate.
However, FD investors can still invest in 444-day, 777-day, and 999-day FD tenures, albeit with a lower interest rate. For the 444-day FD tenure, the bank has reduced the interest rate by 20 basis points from 7.30% to 7.10%. For 777 days, the lender reduced its rate by 0.75%, from 7.25% to 6.50%. On a 999-day term, the interest rate was reduced by 30 basis points from 6.65% to 6.35%. The current rates are effective April 1, 2025.
The last date to invest in the special tenure FD is June 30, 2025.
IDBI Bank Utsav FD scheme
FD investors still have the option to book IDBI Bank's special FD for certain tenures. As per the latest update, the bank has discontinued two special FD tenures-300-day and 375-day-under the Utsav Deposit scheme. Simultaneously, it has reduced interest rates across key tenures, impacting general depositors, senior citizens, and super senior citizens under its IDBI Chiranjeev FD plan.
For the 444-day tenure, the rate for general customers has been reduced from 7.35% to 7.25%, for senior citizens from 7.85% to 7.75% (both under the Utsav FD scheme), and for super senior citizens (under the IDBI Chiranjeev FD) from 8% to 7.90%.
For the 555-day tenure, the rate for general customers is now 7.30%, instead of 7.40% earlier. Senior citizens will get 7.80% instead of 7.90% earlier, and super senior citizens will receive 7.95%, from the previous interest rate of 8.05%. The 555-day FD tenure is under the IDBI Utsav FD scheme.
On the 700-day Utsav FD tenure, the interest rate for general customers has been cut from 7.20% to 7%, senior citizens from 7.70% to 7.50%, and super senior citizens from 7.85% to 7.65%.
The last day to invest in IDBI Bank Utsav FD is June 30, 2025.
SBI Amrit Vrishti 444 days Special FD scheme
The State Bank of India (SBI) has reintroduced its special Fixed Deposit scheme, "Amrit Vrishti," with a specific tenor of 444 days. However, the newly launched special FD offers a reduced interest rate by 20 basis points. This FD scheme is effective April 15, 2025. The 444-day FD scheme now offers an interest rate of 7.05% per annum for general citizens. Senior citizens are offered a 50-basis-point higher interest rate of 7.55% per annum. However, the bank has not mentioned any deadline yet.
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