Indian Bank, IDBI, SBI, and Punjab & Sind Bank extended their September 30 deadline for special tenure fixed deposits (FDs) to a later date. Here are the details.
Indian Bank:
The bank extended the last date of two of its FDs from September 30 to November 30, 2024. Its ‘Ind Supreme Product FD’ is for 300 days, and ‘Ind Super Product FD’ is for 400 days, now valid for two more months for application. The interest rates on these FDs are 7.55 per cent and 7.75 per cent, respectively, for senior citizens.
IDBI Bank:
IDBI Bank has also extended the last date for its special tenure FDs of ‘300 days’, ‘375 days’, ‘444 days’, and ‘700 days’ to December 31, 2024. These FDs were valid till September 30, 2024, but, now one has an additional three months to invest in these FDs. The interest rates offered in these FDs are 7.55 per cent, 7.75 per cent, 7.85 per cent, and 7.70 per cent, respectively, on these FDs to senior citizens. For the general public, the interest rate is 7.05 per cent, 7.25 per cent, 7.35 per cent, and 7.20 per cent for these tenures.
State Bank Of India (SBI):
SBI has extended the last date of its ‘Amrit Kalash’ FD several times and has extended it again, from September 30, 2024, to March 31, 2025. The bank offers senior citizens an additional 0.50 per cent or 50 basis points. It is for ‘400 days’, and seniors can receive a 7.60 per cent interest rate from this FD. According to the bank’s website, its annualised yield is around 7.82 per cent if held for the whole tenure.
Punjab And Sind Bank:
The bank revised its FD rates on October 1, 2024, and extended the deadline for the special FDs of ‘222 days’, ‘333 days’, and ‘444 days’ to October 31, 2024. Seniors can avail of 6.80 per cent, 7.65 per cent, and 7.75 per cent respectively, for these tenures.
As the bank offers a 0.15 per cent additional rate to super senior citizens over this rate, they can get 6.95 per cent for '222 days’, 7.80 per cent for '333 days’, and 7.90 per cent for '444 days’ FDs.
Now, as these FDs are extended, anyone who wants to book FD at the prevailing rates can easily do so.
