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State Bank of India and IDBI Bank have again extended the deadline of their respective special fixed deposit schemes launched earlier to commemorate country’s Azadi Ka Amrit Mahotsav. Citizens get higher interest rate on fixed deposits opened under these special fixed deposit schemes.

The SBI has extended deadline of the Amrit Kalash scheme to December 31, 2023. The public sector bank will continue to pay 7.10% interest rate to depositors under this special fixed deposit scheme. The tenure of the Amrit Kalash scheme is 400 days. Senior citizens get 7.60% interest rate. Earlier, the last day for opening fixed deposit under the “Amrit Kalash” scheme was August 15, 2023.

IDBI Bank, on the other hand, also extended deadline of Amrit Mahotsav FD scheme to September 30, 2023. The public lender gives the option of opening fixed deposits under the Amrit Mahotsav FD for 375 days. General citizens get 7.10 percent rate of interest.

IDBI Bank also extended deadline of another special fixed deposit scheme which is “IDBI Special Non-callable option FD” scheme. Account holders can open fixed deposit of 444 days tenure. General citizens will get 7.15 percent interest rate.

Senior citizens get an additional of 0.50 per cent interest on both these special fixed deposit schemes of the IDBI Bank.

The public lender extended deadline of both the schemes to September 30, 2023.

Special fixed deposit schemes launched by banks to commemorate Azadi Ka Amrit Mahotsav:

Other banks had also launched similar special fixed deposit schemes on the occasion of Azadi Ka Amrit Mahotsav . The deadlines are approaching soon.

Indian Bank’s “IND SUPER 400 DAYS” gives 7.25 per cent rate of interest on FDs of 400 days to general citizens. Elderly will get 7.75 per cent. The scheme is valid till end of current month. The public lender had launched another such special fixed deposit scheme which it still continues. It is ‘Ind Supreme 300 Days’. General citizens get 7.05 per cent interest rate on FDs of 300 days. While, elderly will get 7.55 per cent interest rate. Both these schemes will expire on August 31, 2023.

Punjab & Sind Bank also gives higher interest rate on similar special fixed deposit schemes. The public lender also gives option of two different tenures to open an FD.

First is of 400 days, where, general citizens will get 7.10 percent rate of interest. And, the other tenure is of 601 days, where, general citizens will get 7.00 percent interest rate. Senior citizens will get 7.60 per cent interest on 400 days FD. And 7.50 per cent interest rate on 601 days FD.

Both these schemes are valid till September 30, 2023.