look news india
Bank FD: Fixed deposit is considered a safe and better option for investment. Many people prefer to invest in FD instead of savings account. This interest also continues to be received, which is determined by the bank. As the festive season approaches, banks have started revising the interest rates on FD. Private sector IDBI Bank has also been included in this list.
Senior citizens are getting more interest
IDBI Bank has changed the interest rate on deposits less than Rs 2 crore. Besides, a new FD scheme has also been launched. Senior citizens are getting 0.50 percent more interest than ordinary citizens. However, common citizens and senior citizens are getting equal interest on the tenure of 31 to 45 days.
Highest interest being received on deposits for so many days
The bank is giving the highest interest on FD of 1 year to 2 years. The interest rate for common citizens is 6.80 percent. Whereas the interest rate for senior citizens is 7.30 percent. Whereas on fixed deposits of 2 to 5 years, common citizens are getting 6.50 percent interest and senior citizens are getting 7 percent interest.
Interest rates for other FDs
3% on FD of 7 to 30 days, 4% on FD of 46 to 90 days, 4.50% on 91 days to 6 months, 5.75% on Fixed Deposits of 6 months 1 day to 270 days, 271 days to 1 Ordinary Citizens are getting 6.25% interest on fixed deposits of less than Rs 1000 and 6.25% interest on FD of 5 to 10 years.
