FD Rates: Now only a few days are left for the year 2024 to end. Punjab and Sindh Bank and IDBI Bank are offering special FD i.e. fixed deposits. The last day to invest in these schemes is 31 December 2024. If you want to earn more interest on FD in less time, then this can be a great opportunity for you.
IDBI Bank’s Special FD Scheme
IDBI Bank has introduced FDs of different tenures under its ‘Utsav FD’ scheme. These include FDs of 300, 375, 444 and 700 days. IDBI Bank also provides the facility of premature closure of FD or withdrawal of money. The interest rates available on these FDs are mentioned below.
300 days: 7.05% interest for general customers and 7.55% interest for senior citizens.
375 days: 7.25% interest for general customers and 7.75% interest for senior citizens.
444 days: General customers are getting 7.35% interest and senior citizens are getting 7.85% interest.
700 days: General customers are getting 7.20% interest and senior citizens are getting 7.70% interest.
Special FD Scheme of Punjab and Sindh Bank
Punjab & Sind Bank has also introduced special FD schemes, which include FDs of 222, 333, 444, 555, 777 and 999 days. The deadline for investing in these FDs is 31 December 2024. However, the bank has already extended the deadline for investing in these FDs. It is possible that the bank may once again extend the deadline for making special FD investments.
right investment opportunity
These FD schemes of both the banks are for a limited time, with the last date being December 31, 2024. If you want to get more returns by investing your money in safe investments, then you can consider these schemes. While investing in bank FD, you should pay attention to your need and period of FD. Also, it is important to keep in mind the rules and penalties for premature closure of FD.
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