Special fixed deposits of 3 more banks to close in March 2025: Senior citizens can get 7.25% to 8% interest

Meanwhile, three more special fixed deposit plans offered by three other banks are also closing this month. These special fixed deposits are offered by Indian Bank, Punjab & Sind Bank, and IDBI Bank.

Following are the details of these special FDs that you may want to know:

Punjab & Sind Bank is offering special FDs of various tenures.

• 333 days: 7.2% for general citizens, 7.7% for senior citizens
• 444 days: 7.3% for general citizens, 7.8% for senior citizens
• 555 days (callable): 7.45% for general citizens, 7.95% for senior citizens
• 555 days (non-callable): 7.5% for general citizens, 8% for senior citizens
• 777 days: 7.25% for general citizens, 7.75% for senior citizens
• 999 days (callable): 6.65% for general citizens, 7.15% for senior citizens
• 999 days (non-callable): 7.4% for general citizens, 7.9% for senior citizens.

The interest rates for the above-mentioned FD plans are valid till March 31, 2025, according to the bank's website.

Please note that callable fixed deposits allow premature closure or partial withdrawals. In non-callable deposits, withdrawal of funds is allowed only on maturity, except in specific circumstances such as death, bankruptcy, etc.

Non-callable deposits usually offer higher interest than callable deposits.

The last date to invest in IDBI Bank's Utsav Callable FDs is March 31, 2025. The bank is offering this scheme in five tenures with varying interest rates:

• 300 days: 7.05% for general citizens, 7.55% for senior citizens.
• 375 days: 7.25% for general citizens, 7.75% for senior citizens.
• 444 days: 7.35% for general citizens, 7.85% for senior citizens.
• 555 days: 7.4% for general citizens, 7.9% for senior citizens. 700 days: 7.2% for general citizens, 7.7% for senior citizens.

March 31, 2025, is also the last date to invest in the Indian Bank's IND Supreme 300 Days and IND Super 400 Days.

• IND Supreme 300 Days: 7.05% for general citizens, 7.55% for senior citizens
• IND Super 400 Days: 7.3% for general citizens, 7.8% for senior citizens