IDBI Bank special fixed deposit last date extended; hikes FD interest rate by 10 bps on this tenure
IDBI Bank has extended the validity date for Utsav FDs by 375 days and 444 days and has raised the fixed deposit rate by 10 basis points (bps), according to the bank website. It has extended these special fixed deposit deadlines to March 31, 2024 from December 31, 2023.Earn up to 7.5% FD interest rate: Bank of India introduces new special fixed deposit with higher interest rates
“Extension of ‘Utsav FD’ for 375 Days and 444 Days up to March 31, 2024,” stated the IDBI Bank website.
Utsav FD 375 days
The bank gives older folks 7.65%. The bank gives regular, NRE, and NRO customers an interest rate of 7.10% under the Amrit Mahotsav FD scheme of 375 days. Also, premature withdrawal and closure is allowed.Utsav FD 444 days
The bank has increased interest rates by 10 basis points on this tenure, offering normal, NRE, and NRO clients an interest rate of 7.25%, up from 7.15% under the Amrit Mahotsav 444-day FD program. The bank offers older citizens 7.75% instead of 7.65%. Premature withdrawal and closure are also permitted.Special BucketsGeneral/NRE/NROSenior Citizens375 Days7.17.6444 Days7.257.75
Latest IDBI Bank FD interest rates
IDBI Bank fixed deposit interest rates range from 3% to 7% for FD tenures of between 7 days and 10 years for general citizens and from 3.50% to 7.50% for senior citizens. The rates are effective from November 12, 2023.Maturity SlabGeneral CustomersSr. Citizen0-6 DaysNANA07-30 days33.531-45 days3.253.7546- 90 days44.591 days to 6 months4.556 months 1 day to 270 Days5.756.25271 days to 6.256.751 Year to 2 Years6.87.3(except 375 Days and 444 Days)> 2 Years to 7 7.503 years to 5 years6.57>5 years to 10 years6.256.75>10 years to 20 years$4.8 5.30 Tax Saving FD5 years6.57Source: Bank website
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This story originally appeared on: India Times - Author:Faqs of Insurances
