IDBI Bank Utsav FD Gives 6.95% Interest: Public sector banks in India have recently introduced special fixed deposit schemes offering higher interest rates than regular FDs. These schemes are designed to attract investors looking for stable and secure returns, especially during uncertain market conditions.
One such scheme offering up to 6.95% interest has gained attention because the deadline to invest is approaching. Investors interested in locking in higher returns need to act quickly before the special FD window closes.
PSU Banks Launch Special Fixed Deposits With Attractive Interest Rates
Public sector banks periodically launch special fixed deposit schemes with specific tenures to offer higher interest rates than their standard FD products. These schemes are usually available for a limited period, encouraging investors to invest before the deadline.
The purpose of these special deposits is to mobilize funds while giving customers better returns. Many investors prefer these options because they combine the safety of bank deposits with relatively competitive interest rates. NPS Withdrawal Rules 2026:
IDBI Bank Utsav FD Offering Up To 6.95 Percent Interest
IDBI Bank’s Utsav Fixed Deposit scheme currently offers one of the higher interest rates among PSU bank FDs. The scheme provides interest rates of up to 6.95% per annum for general customers depending on the selected tenure.
Senior citizens generally receive an additional interest benefit of around 0.50%, making the scheme more attractive for retirees. The FD is available for special tenures such as 444 days, 555 days, and 700 days.
| Bank | IDBI Bank |
| FD Scheme | Utsav Special Fixed Deposit |
| Maximum Interest Rate | 6.95% per annum |
| Senior Citizen Benefit | Around 0.50% extra |
| Available Tenures | 444 days, 555 days, 700 days |
| Investment Deadline | March 31, 2026 |
| Category | Public Sector Bank Special FD |
Deadline To Invest In The Special FD Is Approaching
The special Utsav FD scheme from IDBI Bank is available only for a limited period. Investors must book the deposit before the announced deadline to secure the higher interest rate. Canara Bank 310-Day FD
The current deadline to invest in the scheme is March 31, 2026. After this date, the bank may withdraw the scheme or revise the interest rates depending on market conditions.
Other PSU Banks Also Offer Competitive Special FD Rates
Several other public sector banks have introduced special fixed deposit schemes with attractive interest rates. These schemes often come with unique tenures such as 390 days, 444 days, or 800 days.
Banks like State Bank of India, Bank of Baroda, Punjab National Bank, Canara Bank, and Union Bank of India have also launched similar offerings to attract investors looking for stable returns. LPG Price Update 2026:
SBI Amrit Vrishti FD Scheme And Interest Rate Details
State Bank of India offers the Amrit Vrishti Fixed Deposit, which is a special tenure FD scheme designed to provide better returns than standard deposits. The scheme has a tenure of 444 days.
The interest rate offered to general customers is around 6.45%, while senior citizens can earn approximately 7.05%, making it a competitive option in the PSU banking segment.
Bank Of Baroda And Other PSU Banks Offering Special FD Options
Bank of Baroda has introduced the BoB Square Drive FD, which also comes with a tenure of 444 days and offers interest rates around 6.50% for general customers. Post Office Monthly Income
Similarly, Punjab National Bank offers special FDs with interest rates around 6.40%, while Canara Bank provides about 6.50% for certain limited-tenure deposits.
Union Bank Special FD With Longer Investment Tenure
Union Bank of India offers a special fixed deposit scheme with a longer tenure of around 800 days. This option is suitable for investors who want to lock their funds for a slightly extended period.
The scheme offers an interest rate of around 6.60% for general customers, while senior citizens may receive higher rates close to 7.10% depending on bank policies. Bank of Baroda FD
Why Special Fixed Deposits Are Becoming Popular
Special fixed deposits are gaining popularity because they offer better interest rates than regular FD schemes for selected tenures. Investors can benefit from higher returns without taking additional financial risks.
These deposits are also preferred by individuals who prioritize safety and predictable income. The guaranteed returns and government-regulated banking system make PSU bank FDs a reliable investment option.
Key Factors Investors Should Consider Before Investing
Before investing in any special FD scheme, investors should check the tenure, interest rate, and premature withdrawal rules. These factors can significantly affect the overall return from the deposit.
It is also important to compare similar schemes from different banks. By reviewing available options, investors can choose the FD that provides the best combination of safety, interest rate, and investment period.