Indian Bank And Punjab & Sind Bank Extend Special FD Schemes Until June 30, 2025

While most banks concluded their high-return special fixed deposit (FD) schemes on March 31, Indian Bank and Punjab & Sind Bank have opted to extend their offerings until June 30, 2025. These schemes, providing interest rates of up to 8.05 per cent, continue to offer attractive returns to depositors.

Indian Bank FD Offers

Indian Bank has retained its existing special FD rates, ensuring stability for its customers. The bank will continue to offer the IND Supreme (300 Days) and IND Super (400 Days) schemes, with a maximum interest rate of 8.05 per cent for super senior citizens.

Interest Rates for Indian Bank Special FDs:

Schemes	Category	Interest Rate
IND Supreme 300 Days	Public	7.05 per cent
	Senior Citizen	7.55 per cent
	Super Senior Citizen	7.80 per cent
IND Super 400 days	Public	7.30 per cent
	Senior Citizen	7.80 per cent
	Super Senior Citizen	8.05 per cent

Punjab & Sind Bank FD Offers

Punjab & Sind Bank has revised its FD offerings by discontinuing its 333-day and 555-day tenures, which previously offered 7.72 per cent and 7.45 per cent, respectively. Additionally, the bank has reduced interest rates on select tenures.

For short-term deposits (7 to 120 days), interest rates range between 3.50 per cent and 4.50 per cent. Deposits maturing between 151 and 179 days earn 6.00 per cent, while those maturing between 180 and 364 days yield 5.25 per cent. Special tenures of 375 days and 444 days continue to offer 7.25 per cent and 7.10 per cent, respectively, catering to medium-term investors.

Notably, the 777-day tenure now offers 6.50 per cent, down from 7.25 per cent, while the 999-day callable FD rate has been reduced by 30 basis points to 6.35 per cent.

For senior citizens, the bank provides an additional 0.50 per cent interest on deposits below Rs 3 crore for tenures of 180 days and above. Super senior citizens receive an extra 0.15 per cent on specific tenures, enhancing the bank's commitment to meeting the needs of older depositors.

Interest Rates for Punjab & Sind Bank FDs:

Maturity	Interest Rate (per cent p.a.)
7 - 14 Days	3.50(#)
15 - 30 Days	3.5
31 - 45 Days	4
46 - 90 Days	4.5
91 - 120 Days	4.5
121-150 Days	4.5
151 - 179 Days	6
180 - 364 Days	5.25
1 Year	6.3
>1 Years - 374 Days	6
375 Days	7.25
376 Days - 443 Days	6
444 Days	7.10($)
445 Days -6
22 Months (PSB Green Earth)	6.10*
>22 Months-6
2 Years - 776 Days	6.3
777 Days	6.50($)
778 Days -998 Days	6.3
999 Days ( Callable)	6.35($)
999 Days (Non-Callable)*	6.40($)
1000 Days -	6.3
3 Years -	6
44 Months (PSB Green Earth)	6.10*
>44 Months - 5 years	6
5 Y	6.5
66 Months (PSB Green Earth)	6.35*
>5Y -	6.25
66 Month (PSB Green Earth)	6.35*
> 66 Month -10Y	6.25

Notes:

(#) Minimum deposit amount: Rs 1 lakh
($) Valid until June 30, 2025
(*) Subject to specific terms and conditions