IDBI Bank revises FD rates: These investors can get 7.25% on 444-day fixed deposit tenure

IDBI 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.

Latest IDBI Bank FD interest rate

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 1 year6.256.75(except 300 Days)1 Year to 2 Years6.87.3(except 375 Days and 444 Days)> 2 Years to 3years77.503 years to 5 years6.57>5 years to 10 years6.256.75>10 years to 20 years$4.85.30Tax Saving FD5 years6.57 <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-107749067»>

Special deposit- Utsav

Utsav Callable FD offers higher interest rates on special tenure of 300 days, 375 days and 444 days offering interest rates of 7.05%, 7.10% and 7.25% respectively. This is valid till March 31, 2024.

Investors looking for twin engines of quality and growth.

Special BucketsGeneral/NRE/NROSenior Citizens300 Days7.057.55375 Days7.17.6444 Days7.257.75

Special Non-Callable Retail Term Deposits

On special non-callable retail term deposits, the bank offers interest rate between 5.35% to 7.30% for general citizens for tenure ranging from 91 days to 7 years for deposits between 1 crore to Rs 2 crore.

Special BucketGeneral/NRE/NROSenior Citizens91 days — 6 months5.355.856 month 1 days to 270 days5.856.35271 days 1 Year6.356.851 Year7.157.65>1 Year to 2 Years6.957.45(excluding 444 days)444 Days7.37.8>2 Years to 3 Years7.17.63 Years to 5 Years6.67.1>5 Years to 7 Years6.356.85 Read more on economictimes.indiatimes.com