IDBI Bank introduces particular mounted deposit (FD) scheme. Tenure, rate of interest

IDBI Bank has launched a particular mounted deposit (FD) scheme for a restricted interval solely.  The new scheme of 375 days is efficient from July 14, 2023. On a particular maturity bucket of 375 days, IDBI Bank affords an rate of interest of seven.10% for most of the people and seven.60% for senior residents. IDBI’s Amrit Mahotsav FD” for 375 Days and 444 Days is legitimate as much as August 15, 2023, the lender talked about on its web site.

IDBI Bank has launched a particular bucket of “Amrit Mahotsav FD for 375 days” offering a peak rate of 7.60% p.a. valid till August 15, 2023. Besides this, the existing “Amrit Mahotsav FD for 444 days” below the callable choice affords a peak charge of seven.65% p.a. and below the non-callable choice affords a peak charge of seven.75% p.a.

IDBI Special Non-callable choice FD scheme for 444 Days (w.e.f. July 14, 2023)

The rate of interest construction of particular restricted interval affords non-callable variants in 444 days:

Special Bucket General/NRE/NRO Senior Citizens

444 Days 7.25% basic residents 

444 Days 7.75% senior residents

Amrit Mahotsav FD” for 375 Days and 444 Days (valid up to August 15, 2023)

On the other hand, IDBI Bank launched the “Amrit Mahotsav FD” scheme of 444 days on 13 February. 

IDBI Bank newest FD Rates

IDBI Bank affords an rate of interest starting from 3% to six.5% on FDs maturing in seven days to 5 years. These charges are efficient from July 14, 2023.

07-30 days 3.00%

31-45 days 3.25%

46- 90 days 4.00%

91-6 months 4.50%

6 months 1 day to < 1 yr 5.75%

1 Year to 2 Years (besides 375 Days and 444 Days) 6.80%

> 2 Years to 5years 6.50%

> 5 years to 10 years 6.25%

>10 years to twenty years$ 4.80%

5 years 6.50%

IDBI Bank FD Rates for senior residents

IDBI Bank affords an rate of interest starting from 3.5% to 7% to senior residents on FDs maturing in seven days to 5 years to aged folks.

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Updated: 17 Jul 2023, 02:42 PM IST