Special FDs For Super Senior Citizens, 7.9% Highest Rate; Know Interest Rates Of SBI, BoB, Canara, Indian Bank

As of May 2025, several major Indian banks including SBI, Canara Bank, Bank of Baroda, and Indian Bank are offering special Fixed Deposit (FD) schemes with higher interest rates, especially for senior citizens. State Bank of India is offering Amrit Vrishti scheme, Canara Bank offers a 444-day special FD, Bank of Baroda has introduced the Square Drive Deposit Scheme, and Indian Bank features the IND SECURE deposit.

These limited-time FDs, with unique tenures like 444 or 400 days, offer better returns than regular FDs.

However, with the RBI's recent rate cut, these high-interest schemes may soon be withdrawn. Since FD rates often follow policy changes, investors should consider locking in these rates before the offers end.

What is a Special FD?

A special FD is a time-bound fixed deposit scheme with a unique tenure, such as 444 days, 400 days, or 300 days and typically offers higher interest rates than standard FDs. These schemes are designed by banks to attract deposits for specific durations and are available only for a limited period.

Here's a comparison of the current offerings from State Bank of India (SBI), Indian Bank, Bank of Baroda, and Canara Bank

State Bank of India (SBI) Special FD Rates:

It is currently offering a special fixed deposit scheme called Amrit Vrishti, with a tenure of 444 days. Under this scheme, the interest rate for general citizens is 6.85% per annum, while senior citizens are eligible for a higher rate of 7.35% per annum. Additionally, super senior citizens aged 80 years and above can earn an even better rate of 7.45% per annum. These revised rates are effective from May 16, 2025.

Indian Bank Special FD Rates:

It has introduced a special fixed deposit scheme named IND SECURE with a tenure of 444 days. This scheme offers an interest rate of 7.15% per annum for general citizens. Senior citizens can earn a higher rate of 7.65% per annum, while super senior citizens aged 80 and above are eligible for an even more attractive rate of 7.90% per annum. These rates are effective from May 8, 2025, and the scheme is valid until September 30, 2025.

Bank of Baroda FD Rates:

It offers the Square Drive Deposit Scheme, a special fixed deposit plan with a tenure of 444 days. Under this scheme, general citizens can earn an interest rate of 7.10% per annum, while senior citizens receive a higher rate of 7.60% per annum. Super senior citizens aged 80 and above are eligible for an even more attractive rate of 7.70% per annum. These rates are effective from April 7, 2025. This initiative is part of Bank of Baroda's efforts to provide competitive returns to its customers amid a fluctuating interest rate environment.

Canara Bank FD Rates:

It is offering special Fixed Deposit (FD) schemes with attractive interest rates, starting from 7% per annum for general citizens. Senior citizens benefit from a higher rate of 7.5% per annum, while super senior citizens aged 80 and above are eligible for an even more favorable rate of 7.60% per annum.

Comparison Of Special FD Rates:

PSU Banks	Scheme Name	Tenure (days)	General Rate (%)	Senior Citizen Rate (%)	Super Senior Citizen Rate (%)
SBI	Amrit Vrishti	444	6.85	7.35	7.45
Indian Bank	IND SECURE	444	7.15	7.65	7.9
Bank of Baroda	Square Drive	444	7.1	7.6	7.7
Canara Bank	444 days FD	444	7	7.5	7.6

Before investing, it's advisable to visit the respective bank's official website or contact their branch for the most up-to-date information and to understand the terms and conditions of each scheme.