A good investor should not miss the chance to earn huge profits with guarantees by investing in special FD scheme of banks. In fact, banks are running special FD schemes for fixed tenures with higher interest rates than regular fixed deposits.
4 special FD schemes offering the highest interest rate are going to close soon. In such a situation, if you want to invest with more profit, then investing in these 4 schemes can prove to be beneficial.
Investment in HDFC Bank Senior Citizen Care FD till July 7
HDFC Bank launched Senior Citizen Care FD in May 2020. In this special FD, the bank offers an interest rate of 0.25 per cent in addition to the existing 0.50 per cent on investments below Rs 5 crore. The bank is giving 7.75 percent interest rate on this scheme for a period ranging from five years to ten years. Senior Citizen Care FD will expire on July 7, 2023.
SBI Amrit Kalash investment date till 30th June
State Bank of India’s 400 days special FD scheme SBI Amrit Kalash offers investors a higher rate of interest as compared to other FDs. The bank has fixed the last date for investment in SBI Amrit Kalash Deposit Scheme as June 30, 2023. According to SBI’s website, 7.10 per cent interest is being given to common investors on Amrit Kalash, a special deposit scheme with a tenure of 400 days. At the same time, senior citizens are eligible for an interest rate of 7.60 per cent on investing in this scheme. According to SBI, investors can invest in Amrit Kalash Yojana from 12 April 2023 to 30 June 2023.
Invest in SBI WeCare till June 30
SBI is operating the SBI WeCare Deposit Scheme to help senior citizens safeguard their income. The tenure of investment in this particular VCare Deposit Scheme is 5 years 10 years. The bank is offering interest at the rate of 7.50 per cent to the investors of SBI Vcare. Customers can invest till June 30, 2023 on this special investment scheme of State Bank of India.
Investment in Indian Bank Special FD Indian Bank is running Ind Super 400 Days Special Fixed Deposit Scheme for its customers till 30th June. Indian Bank is giving 7.25 percent interest rate on investment to the general public on this FD scheme. While senior citizens have been offered an interest rate of 7.75 per cent.
On the other hand, if very senior citizens invest in Ind Super 400 Days Special Fixed Deposit Scheme, then they will be given 8.00% interest rate. According to the bank, the last date for investment in this scheme is 30 June 2023.
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