With the kind of financial uncertainty that prevails, searching for safe yet good investments can be like looking for a needle in a haystack. Yet for many a Conservative, Fixed Deposits (FDs) remain one of the most respected investment havens, particularly those which are being currently marketed by some banks as special FD schemes offering as much as 8.05 per cent.
Most banks have brought down their FD rates because the RBI has slashed the repo rate for the same number of times in the year 2025. Unlike these banks, however, there are still four banks that offer such limited-period special FD schemes for final locking for depositors till June 30, 2025.
So, let us now explore all these offer conditions and help you decide so that you can earn more in terms of interest rates for your savings.
Indian Bank – IND Supreme & Super FDs (Up to 8.05%):
Indian Bank continues with the ever-popular IND Supreme (300 days) and IND Super (400 days) FDs. These tenures are considered special as they are more beneficial to the super senior citizen with the highest returns, touching 8.05%, which is one of the highest in the market.
- Validity for the scheme is extended till 30 June 2025.
- All rates are the same, hence perfect to invest now before further changes.
Whether you save for retirement or would just like to earn more from your short-term savings, these schemes fit very well with investment security along with yield.
Punjab & Sind Bank – Special FD Offers
Though Punjab & Sind Bank has revised some of its interest rates, it still offers multiple tenure options under its special FD schemes.
The bank has discontinued the high-interest 333-day (7.72%) and 555-day (7.45%) tenures. However, the following options remain:
| Tenure | Revised Rate (Effective April 1, 2025) |
|---|---|
| 444 Days | 7.10% (reduced from 7.30%) |
| 777 Days | 6.50% (reduced from 7.25%) |
| 999 Days | 6.35% (reduced from 6.65%) |
IDBI Bank – Utsav and Chiranjeev FD Schemes
IDBI Bank has made several updates to its Utsav Deposit scheme, discontinuing the 300-day and 375-day options. Despite the changes, you can still invest in longer tenures with moderately high interest rates.
Here’s a quick look at the revised interest rates (effective April 16, 2025):
| Tenure | General Rate | Senior Citizens | Super Senior Citizens |
|---|---|---|---|
| 444 Days | 7.25% | 7.75% | 7.90% |
| 555 Days | 7.30% | 7.80% | 7.95% |
| 700 Days | 7.00% | 7.50% | 7.65% |
SBI Amrit Vrishti–444-Day FD Scheme
State Bank of India, the largest public sector bank in India, has brought back its Amrit Vrishti Special FD, though the interest rate is a tad lower than what it was before.
- Duration: 444 days
- Regular interest rate: 7.05%
- Senior citizen: 7.55%
This offer is valid from April 15, 2025, and even though the bank has not indicated confinement, it is advisable to invest early before the rates go down.