Myitronline News Myitronline News

Navigate the World of Finance and Money with Ease! is a One-Stop solution for all legal & Financial blogs & updates! Empowering You with Knowledge to Make Informed Decisions! Stay Ahead for the latest legal and financial with!

An exclusive national news network with a Delhi base is labeled Myitronlinenews. Its English-language channels target the legal and financial sectors. To make legal and financial services simple to understand for our readership & viewers is our objective.

Patparganj, Delhi (HQ)

305 3RD FLOOR PLOT NO 51, Hasanpur, I.P.Extension, 110092
Myitronline Global Services
Saving and Budget

Special Bank FDs With Higher Interest Rates Ending Soon

If any of the fixed deposit plans listed below catch your eye, it's best to act fast to obtain them because banks have just announced special fixed deposits for a short time that provide higher interest rates than typical FDs.


If any of the indicated fixed deposit plans below interest you, it is advisable to secure them promptly, as banks have introduced exclusive fixed deposits for a limited period, providing elevated interest rates in comparison to regular FDs.

HDFC Bank: Senior Citizen Care FD Ending on July 7

In May 2020, HDFC Bank introduced a fixed deposit called Senior Citizen Care FD. This special FD scheme provides an extra interest rate of 0.25% (in addition to the existing premium of 0.50%) for deposits less than Rs 5 crores, with a term ranging from five to ten years. The bank is currently offering a 7.75% interest rate. It's important to note that this scheme will be available until July 7, 2023.

As per the information provided on the HDFC Bank website, if you choose to close your Fixed Deposit before its maturity date, specifically for the offer mentioned above, after a period of 5 years, the applicable interest rate will be 1.25% lower than the contracted rate or the base rate that applies during the duration the deposit has remained with the bank, whichever is lower.


SBI Amrit Kalash (400 Days): 30 June

The State Bank of India has recently launched a special scheme called "Amrit Kalash" with a tenor of 400 days. Under this scheme, the bank offers an interest rate of 7.10%, while senior citizens enjoy a higher interest rate of 7.60%. It's important to note that this scheme will be available until June 30, 2023.


SBI: Wecare Scheme Ending on 30 June

SBI has introduced a special fixed deposit scheme called SBI Wecare FD, exclusively designed for senior citizens. This scheme has a term ranging from 5 to 10 years. Under the SBI Wecare FD scheme, senior citizens can avail of a competitive interest rate of 7.50%. It's important to note that this scheme will remain valid until June 30, 2023.


Indian Bank Special FD: IND SHAKTI 400 DAYS Ending on June 30 

The bank has introduced a scheme called IND SHAKTI 555 DAYS, which offers different interest rates for the general public and senior citizens. For the general public, the bank offers an interest rate of 7.25%, while senior citizens can enjoy a higher rate of 7.75%. 

Additionally, senior citizens can avail of an even higher rate of 8% for a tenure of 400 days. The minimum investment required for this plan is Rs. 10,000, and the maximum investment allowed is less than Rs. 2 Crore for a duration of 400 days, with callable options. It's important to note that this scheme will be available until June 30, 2023.

Also, Read: "GST Fraud of Rs.10,000 Crore: 3000 Shell Cos Created on Fake Details".


Income tax filing deadline is right around the corner. If you haven’t filed yet, do it now for FREE on Myitronline! Avoid last minute rush and file your tax return today on MYITRONLINE in Just 5 mins.(

If you are looking for eCA assistance to file your income tax return/ GST, you can opt for MYITRONLINE eCA assisted plan starting

Upload Form-16

Upload Salary Individual Form-16

If you have any questions with filing your tax return, please reply to this mail. OR call 9971055886.

Note-All the aforementioned information in the article is taken from authentic resources and has been published after moderation. Any change in the information other than fact must be believed as a human error. For queries mail us at

Krishna Gopal Varshney

An editor at Myitronlinenews
View Articles

Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.

Leave a reply

Your email address will not be published. Required fields are marked *

Share this article

News Offers