New fixed deposit schemes launched in January 2025: Interest rate of SBI, IDBI Bank, PNB, Bank of Baroda new FD schemes
State Bank of India (SI), IDBI Bank, Punjab National Bank, Bank of Baroda have introduced new schemes and enhanced fixed deposit (FD) products, offering higher returns, greater flexibility, and tailored options for specific customer segments in January 2025.
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Let us have a look at the new FD launches made by banks in January 2025 and how customers can invest in FD products
SBI: Two new deposit schemes for retail investors
SBI has introduced two deposit schemes for the general public and super senior citizens. The Har Ghar Lakhpati RD scheme is a pre-calculated recurring deposit scheme designed to help customers accumulate Rs1 lakh or its multiples, simplifying financial planning and goal planning. Notably, this scheme is also available to minors, promoting early savings and financial discipline among them.
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Meanwhile, the SBI Patrons FD is a special fixed deposit scheme exclusively for super senior citizens aged 80 years and above. It offers an additional 0.10% interest rate over the standard senior citizen rate, benefiting both new and existing investors. Currently, the scheme is offering the highest interest rate of 7.6% on tenure of 2-3 years to super
