The Utsav Fixed Deposit is a limited period, high yield fixed deposit scheme introduced by several Indian public sector banks to celebrate festive seasons and boost retail investment. As you want to know, what is Utsav fixed deposit scheme, it is a FD plan offering higher interest rates for specific tenures.IDBI Bank’s Utsav FD features special tenures such as 444, 555, and 700 days.
What is the Interest Rate for Utsav FD in IDBI, and Bank of Baroda?
As of June 2025, in IDBI Bank, the interest rates for general customers are 6.85% (444 days), 6.90% (555 days), and 6.75% (700 days), while seniors earn up to 7.40% on the 555 day FD and 7.35% on the 444 day variant. Earlier in 2024, IDBI had offered rates up to 7.85% for 444 day deposits, demonstrating its goal to enhance returns via Utsav schemes.
Bank of Baroda’s Utsav Deposit Scheme was a 400 day FD launched in October 2024 with attractive callable and non‑callable rates up to 7.90% for super senior citizens.
What is SBI Utsav Deposit Scheme?
The SBI Utsav deposit scheme, with 1000‑day deposits yielding around 6.10% for general customers and an additional interest rate applicable for senior citizens and staff.
They are ideal for investors seeking secure, short‑to‑mid‑term returns with flexible withdrawal options. Be aware these are promotional offerings: rates vary and are valid only during specified periods.
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What is Utsav Fixed Deposit Scheme?
shikhar
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6 months
2025-07-18T09:41:26+00:00 2025-07-18T09:41:28+00:00Comment
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