Special fixed deposit schemes of many banks are going to be closed in March 2025. SBI is the last chance to invest in schemes such as Amrit Kalash, Mahila Samman Savings Certificate and IDBI Festival Deposit. Investing in these schemes is getting attractive interest of up to 8.05%. Let’s know the complete information about these schemes.
Last chance to invest
Several special fixed deposit schemes are going to be closed in March 2025, including SBI, IDBI and Indian Bank Schemes. These schemes are getting interest of up to 8.05% and investors will get the last chance to invest in them by 31 March 2025. If you also want to increase your money through safe investment, then this news is important for you.
SBI ‘Amrit Kalash’ Deposit Scheme
State Bank of India (SBI) ‘Amrit Kalash’ deposit scheme is closing on 31 March 2025. In this scheme, ordinary citizens are getting 7.10% and senior citizens are getting 7.60% interest. This scheme is for a period of 400 days.
SBI ‘Amrit Vrishti’ Deposit Scheme
Investing for 444 days under SBI’s ‘Amrit Vrishti’ scheme is getting 7.25% annual interest, while for senior citizens this interest rate is 7.75%. This scheme is also available only till 31 March 2025.
‘Women’s Honor Savings Certificate’ Scheme
The ‘Women’s Honor Savings Certificate’ (MSSC) scheme for women investors will be closed from 1 April 2025. It is getting 7.5% annual interest rate. The minimum amount of investment is Rs 1000 and a maximum of Rs 2 lakh. This scheme is for two years and can be opened through post office or authorized banks.
IDBI Bank’s ‘Festival Deposit’ Scheme
IDBI Bank’s ‘Festival Deposit’ scheme is available from 300 days to 700 days, in which investors are getting interest ranging from 7.05% to 8.05%.
Indian Bank’s two special deposit schemes
- Two special deposit schemes named Indian Bank’s ‘IND Supreme’ and ‘IND Super’ also end on 31 March.
- In the IN Supreme (300 days) scheme, ordinary citizens are getting 7.05%, senior citizens 7.55% and Super Senior Citizen 7.80% interest.
- In the IND Super (400 days) scheme, ordinary citizens are getting 7.30%, senior citizens are getting 7.80% and Super Senior Citizen is getting 8.05% interest.