IDBI Bank revises fixed deposit rates; extends validity for special FD scheme. Latest rates here | Mint
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Business News/ Money / IDBI Bank revises fixed deposit rates; extends validity for special FD scheme. Latest rates here
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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, offering interest rates of 7.10% for the general public and 7.60% for senior citizens on a special maturity bucket of 375 days

IDBI Bank has extended these special fixed deposit deadlines to December 31 from the earlier October 31 deadline. (Mint)Premium
IDBI Bank has extended these special fixed deposit deadlines to December 31 from the earlier October 31 deadline. (Mint)

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.

IDBI Amrit Mahotsav FD scheme's latest interest rates

On a special maturity bucket of 375 days, IDBI Bank offers an interest rate of 7.10% for the general public and 7.60% for senior 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 revises fixed deposit rates

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.

Check IDBI Bank's latest FD rates here

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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ABOUT THE AUTHOR
Sangeeta Ojha
A business media enthusiast. Writes on personal finance, business and banking.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
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Published: 15 Nov 2023, 03:11 PM IST
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