An opportunity to make money, banks are increasing interest rates on FDs to get more deposits.
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Bank FD Schemes: If you want to earn money through Bank FD then you have a golden opportunity. Several banks, including SBI and HDFC Bank, have also increased interest rates on FDs in recent times.
Bank FD Schemes: With guaranteed return on investment and high liquidity, Fixed Deposit i.e. FD is one of the most preferred investment options in our country. If you also want bumper interest on FD then this news is useful for you. Banks are offering higher interest rates on FDs to customers to attract larger deposits. Big banks like SBI and HDFC Bank as well as smaller banks have also increased interest rates on FDs in recent times.
SBI has recently added a new category of Super Senior Citizen (above 80 years). The bank is offering an additional interest rate of 10 basis points to this category of depositors. A similar scheme is also being run by IDBI Bank.
New Special FD Scheme of IDBI Bank
IDBI Bank has launched ‘IDBI Chiranjeevi-Super Senior Citizen FD’, a special FD for people aged 80 years and above. This scheme is offering 0.65% more interest than the standard FD rates. Under this scheme, FD interest is being paid at 8.05% for 555 days, 7.9% for 375 days, 8% for 444 days and 7.85% for 700 days.
SBI also launched Har Ghar Lakh Pati Scheme.
SBI is continuously taking steps to attract investors. Under this, the country’s largest bank has launched the ‘Har Ghar Lakh Pati’ RD scheme. The objective of this scheme is to accumulate one lakh or more through monthly deposits for 3 to 10 years. Any person with 10 years or more can open an account in this scheme. In this scheme, people below the age of 60 years are being offered an interest rate of 6.75% for a period of 3 and 4 years and 6.50% for a period of 5 to 10 years. Also, people above 60 years of age are being offered interest rates of 7.25 percent for 3 and 4 years and 7 percent for 5 to 10 years.
Bank of Baroda also launched Liquid Fixed Deposit.
Also Bank of Baroda has launched liquid fixed deposit, customers can withdraw in units of Rs 1000 after an initial deposit of Rs 5000.
New Delhi,Delhi
January 15, 2025, 03:01 IST
An opportunity to make money, banks are increasing FD rates to get more deposits.
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