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IDBI Bank has made major changes in its fixed deposit (FD) schemes. With new investment options and attractive interest rates, the bank has introduced special schemes for investors. Apart from this, the deadline of the old special FD scheme has also been extended, which will give customers more time to invest.
New Utsav Callable FD of 555 days
IDBI Bank 23 December 2024 From 555 days new period of Utsav Callable FD Has started. the scheme 15 February 2025 Available for investment up to Rs. In this FD scheme, customers cannot withdraw money before time.
Also, already running 300, 375, 444, and 700 days Deadline for special FD schemes 31 March 2025 Has been extended till.
Utsav FD Interest Rates (For General Citizens)
The interest rates on IDBI Bank’s new Utsav FD are attractive for ordinary citizens.
| Duration | interest rate (%) |
|---|---|
| 300 days | 7.05% |
| 375 days | 7.25% |
| 444 days | 7.35% |
| 555 days (new plan) | 7.40% |
| 700 days | 7.20% |
Utsav FD interest rates for senior citizens
Senior citizens get more interest on FD than normal customers. The new schemes have their interest rates as follows:
| Duration | interest rate (%) |
|---|---|
| 300 days | 7.55% |
| 375 days | 7.75% |
| 444 days | 7.85% |
| 555 days (new plan) | 7.90% |
| 700 days | 7.70% |
IDBI Bank General FD Rates
IDBI Bank on normal FD amount less than Rs 3 crore 3% to 7% Offers interest rates up to. These interest rates for senior citizens 3.50% to 7.50% are up to. these rates 7 days to 10 years Applicable to FDs of tenure up to Rs.
new interest rates 23 December 2024 Are effective from.
Rules for premature closure of FD
If customers want to close their FD prematurely, IDBI Bank Penalty fee of 1% Puts. This charge also applies to partial withdrawals and withdrawals through swipe-in.
Special opportunity for customers
IDBI Bank’s new 555 days FD and extension of old special schemes is a great opportunity for customers.
- high interest rates With Rs., this scheme offers higher returns for investors.
- If you are planning to invest in FD, this time can be beneficial for you.
Things to consider before investing
- Read the terms and conditions of the FD carefully.
- Select the appropriate tenure as per your financial plan.
- Take advantage of additional interest benefits available to senior citizens.