FD Investment: If you want to invest in fixed deposit schemes then this is a golden opportunity. The investment deadline for special FD schemes of India’s two largest public sector banks – Bank of India and IDBI Bank is ending soon. If you invest in special FDs from both banks, you may get higher interest rates than regular interest rates. In such a situation, you can invest in special FD schemes of both the banks till 31st October, which will give you huge benefit. Let us tell you in detail about the FD schemes of both the banks.
IDBI Bank Special FD Scheme
IDBI Bank has launched special FD schemes of 375 days and 444 days for its customers. You can invest under this scheme till 31 October 2023. The name of IDBI Bank 375 days FD is Amrit Mahotsav FD Scheme. In this system, common citizens will get 7.10% interest and senior citizens will get 7.60% interest. Under the 444 day FD scheme, the general public will get an interest rate of 7.15% and senior citizens will get an interest rate of 7.65%.
Indian Bank Special FD Scheme
400 day FD scheme
Bank of India has launched a special FD scheme with a maturity period of 400 days. This scheme lets you invest from Rs 10,000 to Rs 400 in 2 days. During this period the bank offers interest rates of 7.25% to general citizens and 7.75% to senior citizens. At the same time, the bank pays 8.00% of the deposit amount to the elderly.
300 day FD scheme
Apart from 400 days, Indian banks have also launched a special FD scheme of 300 days. This system has started from July 1st. Under this scheme you can invest from Rs 5,000 to Rs 2 crore. In this FD, regular customers get interest rate of 7.05%, senior citizens get 7.55% and super senior citizens get 7.80% interest rate. This agreement is valid till 31 October 2023.
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