In a significant development for conservative investors, a new 2-Year Fixed Deposit (FD) scheme is making headlines by offering impressive interest returns. At a time when market volatility is high and many investors are looking for stable returns, this short-term FD plan could be the ideal solution.
Whether you’re a salaried individual, a senior citizen, or someone with idle funds in a savings account, this FD plan promises a secure and rewarding investment option. Applications for the scheme have officially opened, and financial experts suggest acting soon to lock in the high rates before they change.
📌 What Makes This 2-Year FD Special?
The primary reason this FD scheme is gaining traction is the higher-than-usual interest rate being offered for a short-term period of just two years. While traditional bank FDs offer returns between 6.00% to 7.25%, this special scheme is offering rates as high as 7.50% to 8.25%, depending on the investor category (general, senior citizens, etc.).
For investors looking for a low-risk, fixed-income product without locking their funds for too long, this 2-year FD is a sweet spot between flexibility and profitability.
💰 Interest Rate Highlights (Indicative):
| Investor Category | Interest Rate (Per Annum) |
|---|---|
| General Public | 7.50% – 7.80% |
| Senior Citizens | 8.00% – 8.25% |
| NRI Investors | 7.00% – 7.50% |
Note: Rates vary depending on the bank/NBFC offering the FD. Investors should check specific institution rates before applying.
🧾 Application Process – How to Apply?
Applications for the 2-year FD scheme can be submitted through both online and offline methods. Here’s how you can apply:
👉 Online Application:
- Visit the official website of your preferred bank or NBFC.
- Navigate to the “Fixed Deposit” section.
- Choose the tenure: 2 Years (24 months).
- Enter investment amount.
- Select interest payout option: Monthly, Quarterly, or Cumulative.
- Complete KYC if not already done.
- Submit and make payment through net banking or UPI.
👉 Offline Application:
- Visit the nearest branch of the bank/NBFC.
- Collect the FD application form.
- Fill in details such as amount, tenure, nominee, etc.
- Attach PAN card, Aadhaar, and passport-sized photograph.
- Submit the form with a cheque or cash deposit.
📅 Why a 2-Year FD is a Smart Choice in 2025?
Here are key reasons why this specific short-term FD tenure is being preferred by many:
- ✅ Higher Interest Rates: Better returns than savings accounts or 1-year FDs.
- ✅ Short Lock-In Period: Funds are accessible sooner than long-term FDs.
- ✅ Predictable Income: Perfect for retirees or low-risk investors.
- ✅ TDS Benefits: Investors can submit Form 15G/15H to avoid TDS deduction (subject to eligibility).
👵 Special Benefits for Senior Citizens
Senior citizens investing in this FD scheme are eligible for additional interest rates, often 0.50% higher than standard rates. This means they can potentially earn up to ₹17,000 more on a ₹1 lakh deposit over 2 years compared to a regular investor.
Banks and NBFCs also provide monthly interest payout options for pensioners and retirees who depend on regular income.
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