IDBI Bank and Punjab & Sind Bank are offering special fixed deposit schemes with attractive interest rates until December 31, 2024. IDBI Bank’s Utsav Fixed Deposits offer rates ranging from 7.05% to 7.35% for general customers, while senior citizens can earn 7.55% to 7.85%. Punjab & Sind Bank’s special FD rates range from 6.30% to 7.95%. Senior citizens can earn an additional 0.50% interest on deposits of Rs 3 crore or more. Super senior citizens (aged 80+years) can earn an extra 0.15% on select tenures. Fixed deposit interest is taxable according to individual income tax slabs. To avoid TDS deductions, individuals can submit Form 15G, confirming their income is below the taxable limit. It’s essential to review the terms and conditions before investing in these FD schemes. These schemes offer excellent opportunities to maximize returns, but individuals should consider their specific financial situations and goals before investing.
Unlock up to 8.10% interest with our special fixed deposit schemes, valid until December 31
by newsworm | Dec 20, 2024 | Banking, IDBI Bank, Punjab & Sind Bank