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Financials
As the financial year draws to a close, banks are rolling out attractive fixed deposit (FD) schemes to entice investors. State Bank of India (SBI), Indian Bank, and HDFC Bank are currently offering special FD plans with interest rates reaching up to 8.05%. These lucrative offers, however, are set to expire soon, making it imperative for investors to act quickly to secure these rates.
SBI, one of India's largest public sector banks, is offering a special FD scheme called "SBI Amrit Kalash." This scheme, which is set to end on March 31, 2023, provides a high interest rate of 7.60% for a 400-day tenure.
Indian Bank has introduced a special FD scheme named "Ind Super 400 Days." This scheme, also ending on March 31, 2023, offers an attractive rate of 7.50% for a 400-day period.
HDFC Bank, a leading private sector bank, is offering a special FD scheme with an interest rate of 7.55% for a 400-day tenure. This scheme is also set to end on March 31, 2023.
When comparing these special FD schemes, several factors come into play:
Senior citizens can benefit from slightly higher rates across all three banks, with HDFC Bank offering the highest rate at 8.05%.
All three schemes have a fixed tenure of 400 days, making them ideal for investors looking for short to medium-term investments.
The eligibility criteria are similar across the three banks, allowing a wide range of investors to participate.
The urgency to book these special FD schemes cannot be overstated. With the financial year coming to an end, banks are likely to revise their interest rates. By locking in these high rates now, investors can ensure a higher return on their investments.
Booking these special FD schemes is straightforward and can be done both online and offline.
Investors can also visit their nearest branch of SBI, Indian Bank, or HDFC Bank to book these special FDs in person.
With the deadline for these special FD schemes fast approaching, now is the time to act. Whether you are a general investor or a senior citizen, these schemes offer some of the best interest rates currently available in the market. Secure your financial future by booking one of these special FDs before March 31, 2023.
The last date to book these special FD schemes from SBI, Indian Bank, and HDFC Bank is March 31, 2023.
Yes, senior citizens are eligible for higher interest rates on these special FD schemes, with rates up to 8.10% from SBI, 8.00% from Indian Bank, and 8.05% from HDFC Bank.
Yes, FDs are considered safe investments as they are insured by the DICGC up to ₹5 lakh per depositor per bank.
Yes, all three banks offer the option to book these special FDs online through their respective websites and mobile apps.