The 400-day FD scheme gives strong returns. The interest rate is more than 7%. Seniors also achieve additional returns.
Special FD scheme: RBI can reduce the repo rate again. After that, the interest rates will probably decrease. In the meantime, the country’s famous bank “Indian Bank” has extended the deadline of its two special FD programs. Customers can use the advantages of these programs by June 30, 2025. This program will be completed on March 31. But the bank has relieved many investors by extending the last date.
The Indian Bank offers a special program called “Ind Super 400 Days”. You can invest between 10,000 and less than 3 rupees. As part of this scheme, more returns will be received in less time compared to regular FD. The bank gives seniors and 0.15% additional interest in Super seniors.
Who will get how much interest?
As part of this program, General Citizens receive 7.30% interest for an term of 400 days. The interest rate for seniors is 7.80%. The bank offers super seniors 8.05% interest.
Also use other special FD programs
India Bank is currently offering two other special FD programs. After the top 300 days of Ind, the public has 7.05% interest. There are 7.55% return on seniors and 7.80% return on super seniors. You can also use this by June 20.
Ind Green Deposit 555 days is also a special system of the bank. You can invest between 1000 and less than RS 3 Crore. As part of this program, General Citizens receive 6.80% interest, seniors 7.30% and Super Senior Citizens 7.55% interest.
Interest rates according to the term
7 to 14 days – 2.80%
15 to 29 days – 2.8%
30 to 45 days – 3%’
46 to 90 days – 3.25%
91 to 120 days – 3.50%
121 days to 180 days – 3.85%
181 days to less than 9 months – 4.50%
9 months to less than 1 year – 4.75%
300 days – 7.05%
1 year – 6.10%
400 days – 7.30%
555 days – 6.80%
More than a year and less than 2 years – 7.10%
2 years to less than 3 years – 6.70%
3 years to less than 5 years – 6.25%
5 years – 6.25%
More than 5 years – 6.10%
