IDBI Bank has launched a special Fixed Deposit (FD) scheme for a limited period. The new scheme of 375 days has come into force from 14 July 2023.
IDBI Bank offers an interest rate of 7.10 per cent for general public and 7.60 per cent for senior citizens on a special maturity period of 375 days. IDBI Bank has informed on its website that Amrit Mahotsav FD is valid till August 15, 2023 for 375 days and 444 days.
IDBI Bank has introduced a special bucket of Amrit Mahotsav FD for 375 days offering a maximum rate of 7.60% per annum valid till August 15, 2023. Apart from this, Amrit Mahotsav FD offers the highest rate of 7.65 per cent per annum for the current 444 days under the callable option and the maximum rate of 7.75 per cent per annum under the non-callable option.
Special Rates for Senior Citizens
Under the special scheme of the bank, IDBI Bank is providing an interest rate of 7.10 per cent per annum for the general public and 7.60 per cent per annum for senior citizens. The bank has also introduced an additional option for 444-day FDs with interest rates of 7.65 per cent per annum for callable FDs and 7.75 per cent per annum for non-callable FDs, specially designed for senior citizens.
