IDBI Bank is giving a chance to earn big profits on Fixed Deposits (FDs) during the festive season.
They have extended their special FD scheme, ‘Amrit Mahotsav Callable FD,’ until November 30, 2023.
The scheme offers interest rates from 7.10% to 7.65%, with senior citizens benefiting from higher rates.
Originally, this special FD was set to end on October 31 but has now been extended. Here are the details:
1) FD tenure options: 375 days and 444 days.
2) General/NRE/NRO customers receive 7.10% interest for 375 days and 7.15% for 444 days.
3) Senior citizens enjoy interest rates of up to 7.60% for 375 days and 7.65% for 444 days, with the option for premature withdrawal/closure.
For FDs below Rs 2 crore, IDBI Bank offers rates ranging from 3% to 6.80% for general customers with tenures from 7 days to 20 years.
Senior citizens earn between 3.50% to 7.30%. Tax-saving FDs have a rate of 6.50% for general customers and 7% for senior citizens on a 5-year tenure.
IDBI Bank regularly revises interest rates, which apply to renewals and new deposits, while existing deposits continue to earn interest at the contracted rate.
