In January 2025, major banks such as State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), and IDBI Bank introduced new Fixed Deposit (FD) schemes. These schemes feature higher interest rates, flexibility, and special options designed for specific customer segments. Here’s a breakdown of the latest FD offerings. SBI Launches Special FD Scheme For Super Senior Citizens State Bank of India has launched a new FD scheme, the SBI Patrons FD, catering to super senior citizens (aged 80 and above). This scheme offers an additional 0.10% […]
New FD Schemes Launched In 2025
In January 2025, major banks such as State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), and IDBI Bank introduced new Fixed Deposit (FD) schemes. These schemes feature higher interest rates, flexibility, and special options designed for specific customer segments. Here’s a breakdown of the latest FD offerings.
State Bank of India has launched a new FD scheme, the SBI Patrons FD, catering to super senior citizens (aged 80 and above). This scheme offers an additional 0.10% interest over the standard senior citizen rate. For a tenure of 2-3 years, customers will earn an interest rate of 7.6%.
In addition, SBI has rolled out the Har Ghar Lakhpati RD Scheme. This recurring deposit plan is aimed at helping customers save Rs 1 lakh or more over time. It is designed to be user-friendly and even allows minors to participate, encouraging young savers to start early.
Read More: SBI Har Ghar Lakhpati RD: Invest Rs 2,500 Monthly To Achieve Rs 1 Lakh
Punjab National Bank has introduced two new FD tenures that provide greater flexibility:
These new FD options, effective from January 1, 2025, also come with additional benefits for senior citizens. They can earn an extra 0.50% interest on these tenures.
IDBI Bank has launched a special scheme aimed at super senior citizens aged 80 and above. The IDBI Chiranjeevi-Super Senior Citizen FD offers competitive interest rates:
These options provide flexibility for customers who have different investment timeframes in mind.
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Bank of Baroda has introduced a unique Liquid Fixed Deposit scheme for retail customers. This FD product allows partial withdrawals without the need to close the entire deposit. Customers can access their funds as required, while still earning interest on the remaining balance.
The interest rates for this scheme range from 4.25% to 7.15%, aligning with the rates of regular FDs. Additionally, senior citizens benefit from an extra 0.50% interest on deposits below Rs 3 crore.
The new FD schemes launched by these banks in 2025 provide customers with a variety of options, from higher interest rates to more flexibility. Whether you are a young saver, a senior citizen, or someone looking for easy access to funds, these schemes cater to diverse needs. Choose the one that suits your financial goals and enjoy the benefits of higher returns and convenience.
