Opportunity to make money, banks are increasing interest rates on bank FD to get more deposits

agency:IANS

Last update:January 15, 2025, 03:01

Bank FD Schemes: If you want to earn money through bank FD, then you have a golden opportunity. Many banks including SBI and HDFC Bank (HDFC Bank) have also raised interest rates on FD in recent times.

FD is considered a safe investment.

Bank FD Schemes: Fixed deposits with guaranteed returns on investment and high liquidity, ie FD (FD) is one of the most preferred investment options in our country. If you also want bumper interest on FD, then this news is of your use. Banks are offering more interest rates to customers on FDs to attract deposits in more volumes. Along with big banks like SBI and HDFC Bank, small banks have also raised interest rates on FD in recent times.

SBI has recently added a new category super senior citizen (over 80 years). The bank is offering an additional 10 basis points interest rate to the depositors of this class. A scheme like this is also being run by IDBI Bank.

IDBI Bank’s new special FD scheme
IDBI Bank has launched ‘IDBI Chiranjeevi-Super Senior Citizen FD’, which is a special FD for people aged 80 years and above. In this scheme, 0.65 percent more interest is being provided than standard FD rates. Under this scheme, interest of 8.05 percent for FD of 555 days, 7.9 percent for 375 days, 8 percent for 444 days and 7.85 percent for 700 days.

SBI also launched every house millionaire scheme
Constant steps are being taken by SBI to attract investors. Under this, the country’s largest bank has started the ‘RD Scheme’ RD Scheme ‘Har Ghar Lakhpati’. The purpose of this scheme is to collect one lakh or more funds through 3 to 10 years old monthly deposits. Any person can open an account 10 years or more in this scheme. Under this scheme, people below 60 years of age are being given an interest rate of 6.75 percent for a period of 3 and 4 years and 6.50 percent for a period of 5 to 10 years. At the same time, 7.25 percent for 3 and 4 years of age is being offered for people above 60 years and 7 percent interest rate for 5 to 10 years.

Bank of Baroda also started liquid fixed deposits
Apart from this, Bank of Baroda has launched liquid fixed deposits, customers can withdraw in a unit of Rs 1,000 after an initial deposit of Rs 5,000.