5 special bank fixed deposits with attractive interest rates

Special deposit schemes offered by banks have made a comeback to attract small savers. Moreover, these schemes help banks to correct the asset-liability mismatch over a period of time. Under these schemes, the tenure for each bank differs from the other and carry somewhat higher interest rates.

400 day deposit at 9.5%

The interest rate offered by South Indian Bank under the SIB 400 term-deposit scheme for 400 days is 9.5% for general deposits and 10% for senior citizens.

UCO Double Century at 9.5% for 400 days

UCO Bank's "UCO Double Century" offers an interest rate of 9.5% for a tenure of 200 days. Minimum deposit is Rs.5,000 and maximum deposit is Rs 500 lakhs. Senior Citizens are entitled to extra interest of 0.5 per cent.

Karnataka Bank offers 8.5% for 181 days to 364 days

Karnataka Bank offers 8.5% interest rate for a tenure of 181 days to 364 days. The rate for senior citizens are 9% for deposits up to Rs.3 Crores.

ICICI offers 7.75% interest for 290 days to less than a year.

For a tenure of 290 days to less than 1 year ICICI Bank offers an interest rate of 7.75% for general deposits and 8.25% for senior citizens.

HDFC offers 8.75% rate for 9 moth 5 days to less than a year

HDFC Bank offers an interest rate of 8.75% for general deposits and 9.25% for senior citizens for a tenure of 9 months 5 days to 1 year.

Story first published: Tuesday, June 3, 2014, 10:55 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?