Latest IDBI Bank FD interest rates: Fixed deposit rate of this tenure cut; check details IDBI Bank has extended the validity date for Utsav FDs for special buckets tenures
IDBI Bank has revised the interest rates on its term deposits for amounts below Rs 2 crore and cut the fixed deposit interest rates of Utsav Callable FD on select tenure, according to the bank website.Latest IDBI Bank FD rates
IDBI Bank provides interest rates ranging from 3% to 7% on FDs maturing in seven days to ten years to regular clients, and 3.5% to 7.5% to the senior citizens on callable deposits for amounts below Rs 2 crore.
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
Utsav FD interest rates
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 Utsave FD of 300 days.
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 FD scheme of 375 days.
Utsav FD 444 days
The bank has cut 5 bps on fixed deposit interest rate from 7.25% to 7.20% and for senior citizens, the bank offers older citizens 7.70% from 7.75%.
Interest Rate (% p.a.)Special BucketsGeneral/NRE/NROSenior CitizensExistingRevisedExistingRevised300 Days7.057.057.557.55375 Days7.17.17.67.6444 Days7.257.27.757.7
Utsav Callable FD- deadline
IDBI Bank has extended the validity date for Utsav FDs for special buckets tenures of 300 Days, 375 Days, and 444 Days. It has extended these special fixed deposit deadlines to June 30, 2024 from March 31, 2024.
Special Non-Callable Retail Term Deposits
The interest rate structure of special Non-Callable variants:
Interest Rate (% p.a.)Special BucketsGeneral/NRE/NROSenior CitizensExistingRevisedExistingRevised91 days - 6 months5.355.355.855.856 month 1 days to 270 days5.855.856.356.35271 days 6.356.356.856.851 Year7.157.157.657.65>1 Year to 2 Years6.956.957.457.45(excluding 444 days)444 Days7.37.257.87.75>2 Years to 7.17.17.67.63 Years to 5 Years6.66.67.17.1>5 Years to 7 Years6.356.356.856.85
This story originally appeared on: India Times - Author:Faqs of Insurances
