Fixed Deposit Scheme: Crores of people in the country resort to fixed deposits to collect their future money and for safe investment. To attract customers, banks offer high interest rates on schemes like FD.

All government and private banks in the country provide FD scheme facilities to customers. It is not necessary to have an account in that bank to avail the benefits of FD schemes. All banks keep amending their FD schemes from time to time.

Banks have changed the rules related to FD from today.

At the beginning of the new financial year, many government and private banks in the country changed the rules related to FD. Today, from April 1, all banks are going to shock the customers. Banks have decided to close the schemes giving high returns to the customers. Due to the closure of these schemes, crores of people in the country may have to suffer losses.

Was giving returns at interest up to 8 percent

In the last financial year, many government and private banks had announced some special FD schemes to attract customers. All these banks closed all their special FD schemes at the end of the last financial year. In these special FD schemes (Highest FD returns), people were getting returns at interest of up to 8.05 percent. Their period ended yesterday i.e. on 31 March 2025. You will not be able to invest in these schemes from today i.e. 1 April 2025.

Let us know which schemes people used to get the highest returns. The closure of these schemes has affected crores of people in the country.

SBI Amrit Vrishti

State Bank of India, one of the largest government banks in the country, is giving people higher interest returns under the Amrit Vrishti scheme to attract customers. SBI Bank started this scheme from 15 July 2024 to 31 March 2025. This scheme is available for 444 days (SBI Amrit Vrishti tenure).

In this scheme, the interest rate for general investors is 7.25 percent per annum, and for senior citizens, it is 7.75 percent per annum. This scheme is applicable on domestic retail term deposits including NRI Rupee term deposits for amounts less than Rs 3 crore.

The penalty is charged on premature withdrawal.

The bank has also made a provision for a penalty on premature withdrawal of this fixed deposit scheme of State Bank of India (Fine in SBI Amrit Vrishti). There is also an option for premature withdrawal of money in Amrit Vrishti Yojana, but the bank imposes a penalty for premature withdrawal. There is a penalty of 0.50 percent for deposits up to Rs 5 lakh and 1 percent for deposits above Rs 5 lakh.

SBI Amrit Kalash FD Scheme

State Bank of India had launched the Amrit Kalash Scheme in addition to the Amrit Vrishti Scheme to attract customers. This scheme of SBI is a special FD scheme with a period of 400 days. This scheme has higher interest for senior citizens than the Amrit Vrishti Scheme. The interest rate for general investors is 7.10 percent and for senior citizens, it is 7.60 percent. Interest for this special (Fixed Deposit scheme) can be received at monthly, quarterly, or half-yearly intervals or on maturity.

IDBI Bank Callable FD

IDBI Bank Utsav Callable FD includes a special period with new interest rates effective from 23 December 2024. The highest interest rate offered for super senior citizens is 8.05 percent for a 555-day tenure. Other tenures include 300, 375, 444, and 700 days, with interest rates ranging from 7.05 per cent to 7.90 per cent for general investors. Premature withdrawal is allowed, and the scheme is available till March 31, 2025.

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