IDBI Bank special fixed deposit last date extended; hikes FD interest rate by 10 bps on this tenure
Earn up to 7.5% FD interest rate: Bank of India introduces new special fixed deposit with higher interest rates
“Extension of ‘Utsav FD’ for 375 Days and 444 Days up to March 31, 2024,” stated the IDBI Bank website.
Utsav FD 375 days
The bank gives older folks 7.65%. 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 has increased interest rates by 10 basis points on this tenure, offering normal, NRE, and NRO clients an interest rate of 7.25%, up from 7.15% under the Amrit Mahotsav 444-day FD program. The bank offers older citizens 7.75% instead of 7.65%. Premature withdrawal and closure are also permitted.
Latest IDBI Bank FD interest rates
IDBI Bank fixed deposit interest rates range from 3% to 7% for FD tenures of between 7 days and 10 years for general citizens and from 3.50% to 7.50% for senior citizens. The rates are effective from November 12, 2023.
Source: Bank website
