IDBI Bank has presented a lucrative opportunity for investors by extending the deadline for the Amrit Mahotsav FD scheme.
Now, interested individuals can invest in this special FD scheme until December 31, 2023, providing a chance to capitalize on attractive returns.
Amrit Mahotsav FD Extension: In a recent development, IDBI Bank has prolonged the investment period for its Amrit Mahotsav FD from November 30, 2023, to December 31, 2023.
This extension aims to accommodate more investors during the festive season, offering them a unique chance to earn substantial returns.
Amrit Mahotsav FD Offerings: IDBI Bank is currently running two exclusive FDs under the Amrit Mahotsav banner, with durations of 375 days and 444 days, respectively.
Investors are encouraged to explore these options as the bank is providing the highest interest rates within this scheme.
Special Rates for 444 Days FD: Under the Amrit Mahotsav 444 days FD, IDBI Bank is offering a competitive interest rate of 7.15% to regular customers, NRI, and NRO customers.
Senior citizens, meanwhile, stand to benefit even more with an attractive interest rate of 7.65%.
Additionally, the bank allows premature withdrawal and closure of this FD, providing flexibility to investors.
Attractive Returns for 375 Days FD: For the Amrit Mahotsav FD with a tenure of 375 days, IDBI Bank is offering an enticing interest rate of 7.65% for senior citizens.
Regular customers, as well as NRI and NRO customers, can avail themselves of a favorable interest rate of 7.10%.
Investors in this scheme also have the option to withdraw or close their investment prematurely, adding an element of flexibility.
IDBI Bank FD Rates: In addition to the Amrit Mahotsav FD, IDBI Bank offers a range of FD options with competitive interest rates across various durations. Here is an overview of the current FD rates offered by IDBI Bank:
7-30 days: 3.00%
31-45 days: 3.25%
46-90 days: 4.00%
91-6 months: 4.50%
6 months 1 day to less than 1 year: 5.75%
1 year to 2 years (except 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%
Investors looking for secure and rewarding investment options should seize the extended opportunity provided by IDBI Bank’s Amrit Mahotsav FD before the deadline on December 31, 2023.