Up to 7.75% FD rate: IDBI extends last date to invest in special fixed deposits with higher interest rates The bank has revised savings account interest rates and is effective from April 1, 2024
IDBI Bank has extended the validity date for Utsav FDs for special buckets tenures of 300 Days, 375 Days, and 444 Days, according to the bank website.It has extended these special fixed deposit deadlines to June 30, 2024 from March 31, 2024.
Utsav FD 300 days
The bank offers senior citizens 7.55%. The bank gives regular, NRE, and NRO customers an interest rate of 7.05% under the Amrit Mahotsav FD scheme of 300 days. Also, premature withdrawal and closure is allowed.
Utsav FD 375 days
The bank gives senior citizens 7.60%. 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 offers normal, NRE, and NRO clients an interest rate of 7.25% and for senior citizens, the bank offers older citizens 7.75% Fd interest rates.
Utsav Callable FD
The interest rate structure is as under:
Interest Rate (% p.a.) Special BucketsGeneral/NRE/NROSenior Citizens300 Days7.057.55 375 Days7.17.6 444 Days7.257.75
Points to know
Tenure of 300 Days not applicable for NRE Deposits.
Premature withdrawal / closure permitted.
Staff & Senior Citizen Rates are not applicable to NRO & NRE term Deposits.
All other features of term deposit as well as terms and conditions shall remain unchanged and are applicable for the above scheme also.
IDBI savings account interest rate
The bank has revised savings account interest rates and is effective from April 1, 2024.
Saving BalanceRate of Interest (% p.a.)Up-to Rs.1Lakh2.75Above Rs.1lakh to Rs.5 crore3Above Rs. 5 Cr to 100 Cr3.25Above Rs.100 Cr to Rs.1000Cr3.5Above Rs.1000 Cr to Rs.1500CrMIBOR +10bpsAbove Rs.1500Cr to Rs.2000CrMIBOR +40bpsAbove Rs.2000CrMIBOR +75bps
IDBI Bank FD interest rates
The bank offers interest rates between 3% to 7% for general citizens for tenure ranging from 7 days to 10 years.
Interest Rate (% p.a.)Retail Term Deposits (Maturity SlabGeneral CustomersSr. Citizen0-6 DaysNANA07-30 days33.531-45 days3.253.7546- 60 days4.254.7561- 90 days4.5591 days to 6 months5.255.756 months 1 day to 270 Days5.756.25271 days to 6.256.75(except 300 Days)1 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 years6.57
This story originally appeared on: India Times - Author:Faqs of Insurances
