IDBI Bank FD scheme offering higher interest rates extended; details of Bulk Term Deposits, Term Deposits
IDBI Bank announced a revision of interest rates on its fixed deposits beginning on September 15, 2023. Get the details of IDBI Bank’s interest rates on IDBI Special Non-callable option FD scheme for 444 days, on Term Deposits and Bulk Deposits.
IDBI Bank FD scheme offering higher interest rates extended (Pixabay)
New Delhi: IDBI Bank has extended the validity for its special fixed deposit (FD) scheme and announced a revision of interest rates on its Fixed deposits beginning on September 15, 2023. The bank has extended the deadline of the special fixed deposit scheme to October 31 from the September 30 deadline.
In July 2023, IDBI introduced a special FD scheme called Amrit Mahotsav FD with attractive interest rate offer. The IDBI introduced the FD scheme for a tenure of 375 and 444 days.
“The Bank pays interest on deposits as per various deposit schemes. Interest Rates are revised from time to time and made known to public. Revised interest rates are applicable only to the renewals and fresh deposits while existing deposit continue to get interest at the contracted rate,” IDBI Bank said.
IDBI Bank Amrit Mahotsav FD for 375 days and 444 days
The interest rate structure is as under:
375 Days: General/NRE/NRO to get 7.10 per cent interest rate, while senior citizens are entitle to receive 7.60 per cent interest rate.
444 Days: 7.15 per cent interest rate for General/NRE/NRO and 7.65 per cent for senior citizens.
IDBI Special Non-callable option FD scheme for 444 days
The interest rate structure of special limited period offers is mentioned below:
If a person from General/NRE/NRO category deposits money in the scheme, the individual will get 7.25 interest, while the senior citizens will get 7.75 per cent interest rate per.
IDBI Bank interest rate on Term Deposits
| Retail Term Deposits (< 2 Cr) | ||
|---|---|---|
| Maturity Slab | General Customers | Sr. Citizen |
| 0-6 Days | NA | NA |
| 07-30 days | 3.00% | 3.50% |
| 31-45 days | 3.25% | 3.75% |
| 46- 90 days | 4.00% | 4.50% |
| 91-6 months | 4.50% | 5.00% |
| 6 months 1 day to 270 Days | 5.75% | 6.25% |
| 271 days to < 1 year | 6.25% | 6.75% |
| 1 Year to 2 Years (except 375 Days and 444 Days) |
6.80% | 7.30% |
| > 2 Years to 5years | 6.50% | 7.00% |
| > 5 years to 10 years | 6.25% | 6.75 |
| >10 years to 20 years$ | 4.80% | 5.30% |
| Maturity Slabs | Rs 2 cr to Rs. 5 cr |
>Rs 5 cr to Rs 10 cr |
>Rs 10 cr to Rs 50 cr |
>Rs 50 cr to Rs 100 cr |
>Rs 100 cr to Rs 200 cr |
>Rs 200 cr to Rs 500 cr |
>Rs 500 cr |
| 7 – 14 days | 5.11% | 5.25% | 6.01% | 6.01% | 6.12% | 6.12% | 6.12% |
| 15 – 30 days | 5.16% | 5.66% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% |
| 31– 45 days | 5.31% | 5.66% | 6.36% | 6.36% | 6.36% | 6.36% | 6.36% |
| 46 – 90 days | 6.26% | 6.36% | 6.81% | 6.81% | 6.86% | 6.86% | 6.86% |
| 91 – 180 days | 6.36% | 6.46% | 6.81% | 6.81% | 6.86% | 6.86% | 6.86% |
| 181 – 250 days | 6.46% | 6.56% | 6.91% | 6.91% | 6.91% | 6.91% | 6.91% |
| 251 days – 270 days | 6.61% | 6.76% | 7.01% | 7.01% | 7.01% | 7.01% | 7.01% |
| 271 days to < 1 year | 6.71% | 6.76% | 7.01% | 7.01% | 7.01% | 7.01% | 7.01% |
| 1 year | 6.86% | 6.91% | 7.01% | 7.11% | 7.11% | 7.11% | 7.11% |
| >1 year -1 year 3 mnth | 6.86% | 6.91% | 7.11% | 7.11% | 7.11% | 7.11% | 7.11% |
| >1 yr 3 mnth – 2 year | 6.86% | 6.91% | 7.01% | 7.01% | 7.01% | 7.01% | 7.01% |
| >2 yr- 36 mnth | 6.61% | 7.01% | 7.01% | 7.01% | 7.01% | 7.01% | 7.01% |
| >36 mnth- 5 year | 6.51% | 6.76% | 6.76% | 6.76% | 6.76% | 6.76% | 6.76% |
| >5 year- 7 year | 6.51% | 6.66% | 6.66% | 6.66% | 6.66% | 6.66% | 6.66% |
| >7 year- 10 year | 6.51% | 6.56% | 6.56% | 6.56% | 6.56% | 6.56% | 6.56% |
