On Tuesday, IDBI Bank increased the interest rate on 444-day fixed deposits to 7.85% to attract more customers.
This rate increase is available for a limited time, valid until September 30, 2024.
Fixed deposits with a 444-day term will now earn 7.85% interest, while those with a 375-day term will earn 7.75% annual interest.
The goal of this increase is to attract customers seeking better returns. Customers can access this festive FD offer through the bank’s website, mobile app, or at any branch.
Additionally, the bank will maintain attractive interest rates on fixed deposits with terms of 700 days and 300 days, offering 7.70% and 7.55% respectively.
IDBI Utsav Special 400 days FD Scheme
IDBI Bank is now offering 7.85% interest on 444-day fixed deposits for regular, NRI, and NRO customers. This is up from the previous rate of 7.25%, effective from today. The bank also allows investors to withdraw or close these fixed deposits before the maturity date.
IDBI Utsav FD Scheme 375 days
IDBI Bank offers 7.75% interest on 375-day Utsav fixed deposits for senior citizens.
Regular customers, NRI, and NRO customers receive 7.25% interest on the same term. The bank also allows for premature withdrawal or closure of these fixed deposits.
IDBI Utsav 300 Days FD Scheme
IDBI Bank is offering 7.55% interest on 300-day Utsav fixed deposits for senior citizens.
Regular customers, NRI, and NRO customers receive 7.05% interest on the same term. This fixed deposit also permits premature withdrawal of funds.
IDBI Bank Regular FD Interest Rates
- 7-30 days: 3.00%
- 31-45 days: 3.25%
- 46-90 days: 4.00%
- 91 days to 6 months: 4.50%
- 6 months 1 day to less than 1 year: 5.75%
- 1 year to 2 years (excluding 375 days and 444 days): 6.80%
- 2 years to 5 years: 6.50%
- 5 years to 10 years: 6.25%
- 10 years to 20 years: 4.80%
- 5 years: 6.50%
