Highest special FD interest rates from PSU banks
With increased volatility in the stock market amid rising tensions due to the Israel-Iran conflict, many risk-averse investors may turn to fixed deposit investments due to its safety features and predictable returns. Several public and private sector banks have been offering special fixed deposit schemes with higher interest rates compared to traditional FDs from the same banks. These special FDs have specific tenures and come with deadlines to invest. For example, the deadline to invest in an IDBI Bank’s IDBI Utsav special FD is near now. Investors who want to benefit from its high interest rate need to invest in the scheme soon Let’s first go through the list of highest special FD interest rates offered by PSU banks to general and senior citizens.
Highest special FD interest rates for general citizens from PSU banks
Punjab & Sind Bank currently offers the highest special FD interest rates among all PSU banks. PSB’s interest rate for its 666-day special FD is 6.75%. This is followed by Bank of Maharashtra, which provides a 6.65% rate on its 400-day deposit. Several banks including Bank of India, Indian Bank, Indian Overseas Bank, Punjab National Bank and Union Bank of India have been offering a 6.6% interest rate each on deposits with tenures ranging from 444 days to 450 days. Meanwhile, Canara Bank and Central Bank of India offer a 6.5% interest rate on tenures of 555 days and 2222 days/3333 days, respectively. Bank of Baroda and State Bank of India offer a 6.45% interest rate each on their respective 444-day special deposits.
Source- Paisabazaar data as on March 11, 2026
Highest special FD interest rates for senior citizens from PSU banks
Punjab & Sind Bank offers the highest interest rate of 7.25% on a 666-day special FD. This is followed by Bank of Maharashtra, which provides a 7.15% rate on its 400-day deposit. Several lenders, including Bank of India (450-day Star Swarnim scheme), Indian Bank, Indian Overseas Bank, Punjab National Bank and Union Bank of India offer a 7.1% interest rate each on deposits with tenures of around 444 to 450 days. Meanwhile, State Bank of India provides a 7.05% interest rate on deposits with tenures ranging from five years to 10 years. Bank of Baroda, Canara Bank and Central Bank of India offer a 7% interest rate each on their special FDs of different tenures.
IDBI Bank special FD deadline
The deadline to invest in IDBI Bank’s IDBI Utsav FD is March 31, 2026.
IDBI Utsav special FD deadline to invest
IDBI Bank offers IDBI Utsav special FDfor select tenures.
For a 555-day IDBI Utsav deposit, the interest rate is 6.40% per annum for general/NRE/NRO customers and 6.90% per annum for senior citizens.
For a 700-day special deposit scheme from IDBI Bank, the interest rate is 6.45% per annum for general/NRE/NRO customers, while senior citizens get a 6.95% per annum rate. These special bucket rates provide slightly higher returns for senior citizen depositors.
Highest special FD interest rates for general citizens from PSU banks
Punjab & Sind Bank currently offers the highest special FD interest rates among all PSU banks. PSB’s interest rate for its 666-day special FD is 6.75%. This is followed by Bank of Maharashtra, which provides a 6.65% rate on its 400-day deposit. Several banks including Bank of India, Indian Bank, Indian Overseas Bank, Punjab National Bank and Union Bank of India have been offering a 6.6% interest rate each on deposits with tenures ranging from 444 days to 450 days. Meanwhile, Canara Bank and Central Bank of India offer a 6.5% interest rate on tenures of 555 days and 2222 days/3333 days, respectively. Bank of Baroda and State Bank of India offer a 6.45% interest rate each on their respective 444-day special deposits.
Source- Paisabazaar data as on March 11, 2026
Highest special FD interest rates for senior citizens from PSU banks
Punjab & Sind Bank offers the highest interest rate of 7.25% on a 666-day special FD. This is followed by Bank of Maharashtra, which provides a 7.15% rate on its 400-day deposit. Several lenders, including Bank of India (450-day Star Swarnim scheme), Indian Bank, Indian Overseas Bank, Punjab National Bank and Union Bank of India offer a 7.1% interest rate each on deposits with tenures of around 444 to 450 days. Meanwhile, State Bank of India provides a 7.05% interest rate on deposits with tenures ranging from five years to 10 years. Bank of Baroda, Canara Bank and Central Bank of India offer a 7% interest rate each on their special FDs of different tenures.
IDBI Bank special FD deadline
The deadline to invest in IDBI Bank’s IDBI Utsav FD is March 31, 2026.
IDBI Utsav special FD deadline to invest
IDBI Bank offers IDBI Utsav special FDfor select tenures.
For a 555-day IDBI Utsav deposit, the interest rate is 6.40% per annum for general/NRE/NRO customers and 6.90% per annum for senior citizens.
For a 700-day special deposit scheme from IDBI Bank, the interest rate is 6.45% per annum for general/NRE/NRO customers, while senior citizens get a 6.95% per annum rate. These special bucket rates provide slightly higher returns for senior citizen depositors.
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