FD interest rate of up to 7.9%: This bank introduces new fixed deposit scheme, check details
IDBI Bank has revised its fixed deposit interest rates along with introduction of a new tenure with higher interest rate and extended the deadline to invest in previous special deposits where the deadline to invest was earlier December 31, 2024.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
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Utsav Callable FD new tenure
According to the IDBI Bank website, “Introduction of new Utsav FD tenure for 555-Day effective from December 23, 2024, valid until February 15, 2025. The existing special tenures under Utsav FD extended up to March 31, 2025”FD interest rate up to 7.55%: Check banks offering best rates on 3-year fixed deposit; full list
Utsav Callable FD interest rate
The interest rate on Utsav Callable FDs for general citizens that mature in 300 days is 7.05%; it is 7.25% for FDs maturing in 375 days; it is 7.35% for FDs maturing in 444 days; and it is 7.20% for FDs that mature in 700 days. For the new tenure, it is 7.40% on FDs maturing in 555 days.Special BucketsGeneral/NRE/NROSenior Citizens300 Days7.057.55375 Days7.257.75444 Days7.357.85555 Days7.47.9700 Days7.27.7
Senior citizen Utsav Callable FD interest rate
The interest rate on Utsav Callable FDs for senior people that mature in 300 days is 7.55%; 7.75% for those that mature in 375 days; 7.85% for those that mature in 444 days; and 7.70% for those that mature in 700 days. For the new tenure, it is 7.90% for FDs maturing in 555 days.
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IDBI Bank latest FD rates
IDBI Bank offers interest rates between 3% to 7% (excluding special deposits) for general citizens for deposits less than Rs 3 crore. For senior citizens, the bank offers between 3.50% to 7.50% for tenures between 7 days and 10 years. The revised rates are effective from December 23, 2024.
Interest Rate (% p.a.)Retail Term Deposits (Maturity SlabGeneral CustomersSr. Citizen0-6 DaysNANA07-30 days33.531-45 days3.253.7546- 60 days4.5561- 90 days4.755.2591 days to 6 months5.566 months 1 day to 270 Days66.5271 days to 6.256.75(except 300 Days)1 Year to 2 Years6.87.3(except 375 Days,444 Days, 555 days & 700 Days)> 2 Years to 77.53 years to 5 years6.57>5 years to 10 years6.256.75>10 years to 20 years$4.85.3Tax Saving FD5 Years6.57
IDBI Bank premature withdrawal rule
According to the IDBI Bank website, “Bank will levy a penalty of 1%, on the applicable rate for deposits closed prematurely. Such closures include the withdrawals through sweep-ins and partial withdrawals as well.”
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This story originally appeared on: India Times - Author:Faqs of Insurances
