IDBI Bank revises fixed deposit rates; extends validity for special FD scheme. Latest rates here
IDBI Bank has extended the validity of special fixed deposit (FD) schemes. In July, IDBI introduced a special FD scheme called Amrit Mahotsav FD for a tenure of 375 and 444 Days days. It has extended these special fixed deposit deadlines to December 31 from the earlier October 31 deadline.
On a special maturity bucket of 375 days, IDBI Bank offers an interest rate of 7.10% for the general public and 7.60% forsenior citizens. IDBI's Amrit Mahotsav FD" for 375 Days and 444 Days is valid up to December 31, 2023, the lender mentioned on its website.
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IDBI Bank has revised interest rates on its term deposits. As per the bank's website, these rates are effective from November 12, 2023. IDBI Bank offers an interest rate ranging from 3% to 7% on FDs maturing in seven days to five years to general customers, and 3.5% to 7.5% to elderly people.
The Bank pays interest on deposits as per various deposit schemes. Interest Rates are revised from time to time and made known to the public. Revised interest rates apply only to the renewals and fresh deposits while existing deposits continue to get interest at the contracted rate.
07-30 days 3%
31-45 days 3.25%
46- 90 days 4%
91-6 months 4.5%
6 months 1 day to 270 Days 5.75%
271 days to < 1 year 6.25%
1 Year to 2 Years (except 375 Days and 444 Days) 6.8%
> 2 Years to 3 years 7%
3 years to 5 years 6.50%
> 5 years to 10 years 6.25%
>10 years to 20 years 4.8%
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