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IDBI Bank (IDBI Bank) has changed the interest rates for fixed deposits (FD) of less than Rs 2 crore. The new interest rates have become effective from June 14, 2023. Bank Rates Fixed deposits maturing between 7 to 30 days will earn interest at the rate of 3 per cent.
IDBI Bank (IDBI Bank) has changed the interest rates for fixed deposits (FD) of less than Rs 2 crore. The new interest rates have come into effect from June 14, 2023. The bank is paying interest at the rate of 3 per cent on fixed deposits maturing between 7 and 30 days. IDBI Bank will pay an interest rate of 3.25 per cent on fixed deposits maturing between 31 and 45 days. The bank will pay interest at the rate of 4 per cent on fixed deposits maturing between 46 to 90 days. FDs maturing between 91 days to 6 months will now get an interest rate of 4.50 per cent.
Returns on FDs of less than one year
IDBI Bank is offering an interest rate of 5.75 per cent on FDs of more than six months and less than one year. FDs maturing between one to two years (except 444 days) will get an interest rate of 6.80 per cent. 6.5 percent interest rate will be available on FDs with a tenure of more than two years but less than five years.
IDBI Bank is also offering an interest rate of 6.5 per cent on tax saving FDs. 6.25 percent interest rate will be available on FDs maturing between five to 10 years.
FD Rates for Senior Citizens
Senior citizens will get 0.50 percent additional interest rate on all FDs. The interest rate for FDs maturing between 7 to 30 days is 3.50 per cent. The interest rate for FDs maturing between 31 to 45 days is 3.75 per cent. 4.50 percent interest rate will be available on FDs maturing between 46 to 90 days.
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