Punjab & Sind Bank and Indian Bank have extended the deadline for their special Fixed deposit (FD) schemes until June 30, 2025. Special FDs are those that are available for a limited time.
Changes at Punjab & Sind Bank:
- Punjab & Sind Bank has reduced interest rates on some FDs and ended a few special FD schemes.
- The bank has discontinued two FD schemes with tenures of 333 days and 555 days. These FDs offered interest rates of 7.72% and 7.45%, respectively.
Here are the current interest rates for other FDs at Punjab & Sind Bank:
- 7-30 days: 3.50%
- 31-45 days: 4.00%
- 46-120 days: 4.50%
- 151-179 days: 6.00%
- 180-364 days: 5.25%
- 1 year (365 days): 6.30%
- 1 year and 10 days (375 days): 7.25%
- 1 year and 80 days (444 days): 7.10%
FDs with tenures between 1 to 3 years generally offer interest rates between 6.50% and 6.60%. For example:
- 777 days: 6.50%
- 999 days (non-callable): 6.40%
For senior citizens (above 60 years), the bank offers an extra 0.50% on FDs with a maturity of 180 days or more, up to Rs 3 crore. Super senior citizens (above 80 years) get an additional 0.15% on FDs like 333 days, 444 days, 555 days, 777 days, and 999 days.
Indian Bank:
Indian Bank is still offering the same interest rates for both regular and special FDs. The bank has a maximum interest rate of 8.05% and will continue offering special FDs like IND Supreme (300 Days) and IND Super (400 Days) until June 30, 2025.
Have a look at the interest rates for Indian Bank’s special FDs:
IND Supreme (300 Days) FD:
- General citizens: 7.30%
- Senior citizens: 7.80%
- Super senior citizens (80 years+): 8.05%
IND Super (400 Days) FD:
- General citizens: 7.05%
- Senior citizens: 7.55%
- Super senior citizens (80 years+): 7.80%
Both banks are offering competitive interest rates for their FDs, so you have more time to take advantage of these offers!
