Special FD scheme of these banks including SBI is going to be closed on June 30, getting bumper returns

Special FD scheme of these banks including SBI is going to be closed on June 30, getting bumper returns

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New Delhi: In order to prevent the ever increasing inflation in the country, the Reserve Bank of India (RBI) had increased the repo rate in the last months. After this, banks also increased the rates on FDs. Interest rates on FD have increased rapidly in the past. However, now after inflation has come under some control, the Reserve Bank has not increased the repo rate. In such a situation, there is less possibility that interest rates will increase further in the coming days. Some FD schemes have given bumper profits to the people. These FD schemes giving bumper returns are going to close on 30 June 2023. In such a situation, if you want to make profit, then you have a chance now. Here some banks have also started cutting FD rates. Punjab National Bank has cut its interest rates for FDs on 1st June 2023. Let us tell you which are the schemes which are going to close on 30th June.

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Indian Bank Special FD

Indian Bank’s “Ind Super 400 Days” is a special FD scheme. In this, 7.25% interest rate is being given to the people and 7.75% to the senior citizens. Indian Bank had extended this special FD scheme till June 30, 2023. People have the last chance to invest in it.

SBI Amrit Kalash

The Amrit Kalash FD Retail Term Deposit Scheme of the country’s largest bank State Bank of India (SBI) is going to close this month i.e. in June. It is valid till June 30. SBI Amrit Kalash FD scheme comes with a special tenor of 400 days, on which the general public gets an interest rate of 7.10% and senior citizens an interest rate of 7.60%. This scheme is valid till 30 June 2023.

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SBI V Care FD

SBI We Care FD scheme is exclusively meant for senior citizens only. This scheme comes with a tenure of 5 years to 10 years. SBI is offering an interest rate of 7.50% to senior citizens in the V Care FD scheme for a limited time period till June 30, 2023.

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