IDBI Bank debuts special FD for 500 days: Check detail
IDBI Bank has introduced a limited-time, special fixed deposit programme called "Amrit Mahotsav FD" that has a 500-day maturity period.
The bank terminated its 1100-day Amrit Mahotsav FD Scheme on August 22, 2022, but it reinstated it with a 500-day tenure and an interest rate of up to 6.70%.
The bank terminated its 1100-day Amrit Mahotsav FD Scheme on August 22, 2022, but it reinstated it with a 500-day tenure and an interest rate of up to 6.70%.
Whereas, resident senior citizens will get 6.60% on callable deposits and 6.70% on non-callable deposits.
The normal mark-up of 0.50% ONLY will be available for senior citizens and normal mark-up of 1% will be available for Retired Senior Citizens Staff.
IDBI Bank will now offer an interest rate of 4.80% which was earlier 4.50% a hike of 30 bps on fixed deposits maturing in 271 days upto 1 year
Bank will now offer an interest rate of 5.60% which was earlier 5.35% a hike of 25 bps on deposits maturing in 1 year.
Term deposits maturing in 30 months to 3 years will now fetch an interest rate of 5.70% which was 5.50%
IDBI Bank will now offer an interest rate of 5.80%, up from 5.75% previously, and on tax-saving deposits of 5 years