Fixed Deposit (FD) is very attractive to the middle class for savings. Various banks offer this service. However, the interest rate varies from bank to bank. And it can be done for different durations. Senior citizens get more interest in this scheme than general citizens. But recently several banks have introduced special fixed deposits, or special FDs. Higher interest is being paid under this scheme. But this advantage will not last long. So if you make a fixed deposit in this scheme quickly, you will have the opportunity to get more returns.
The State Bank of India has extended the tenure of the Amrit Kals Fixed Deposit Scheme till September 30 this year. If you do FD for 400 days, you will get 7.10 percent interest in this scheme. Special FD can also be done in IDBI Bank till September 30. You can do FD for 300, 375, 444, and 700 days in this scheme of IDBI Bank. This facility is also available in Indian Bank till September 30. A special fixed deposit facility can be availed of for 400 days. Interest at the rate of 7.75 percent has to be paid for this.
