IDBI Bank has revised fixed deposits interest rates for amounts less than Rs 2 crore. The rates are effective from September 15. Further, IDBI Bank has extended the validity date for special FDs dubbed as Amrit Mahotsav FD for 375 days and 444 days tenure, according to the bank website. It has extended these special fixed deposit deadlines to October 31 from September 30, 2023.
“Festive offer extension of Amrit Mahotsav FD for 375 and 444 days up to October 31, 2023,” stated the IDBI Bank website.
Also read: Best FD interest rates: Comparison of highest and lowest fixed deposit rates of top 10 banks
The bank gives regular, NRE, and NRO customers an interest rate of 7.15% under the Amrit Mahotsav FD scheme of 444 days. The bank gives senior citizens 7.65%. Also, premature withdrawal and closure is allowed.
| Interest Rate (% p.a.) | |||
| Special Buckets | General/NRE/NRO | Senior Citizens | |
| 375 Days | 7.1 | 7.6 | |
| 444 Days | 7.15 | 7.65 | |
The bank gives older folks 7.65%. The bank gives regular, NRE, and NRO customers an interest rate of 7.10% under the Amrit Mahotsav FD scheme of 375 days. Also, premature withdrawal and closure is allowed.IDBI Bank fixed deposit interest rates range from 3% to 6.80% for FD tenures of between 7 days and 10 years for general citizens and from 3.50% to 7.30% for senior citizens. The rates are effective from September 15, 2023.
| Maturity Slab | General Customers | Sr. Citizen |
| 0-6 Days | NA | NA |
| 07-30 days | 3 | 3.5 |
| 31-45 days | 3.25 | 3.75 |
| 46- 90 days | 4 | 4.5 |
| 91-6 months | 4.5 | 5 |
| 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 | 6.8 | 7.3 |
| (except 375 Days and 444 Days) | ||
| > 2 Years to 5years | 6.5 | 7.00 |
| > 5 years to 10 years | 6.25 | 6.75 |
| >10 years to 20 years$ | 4.8 | 5.30 |
| Tax Saving FD | ||
| 5 years | 6.5 | 7 |
Also read: Earn up to 7.75%: Which bank is offering highest interest rate on recurring deposits (RDs)
IDBI Special Non-callable option FD” scheme for 444 Days
The interest rate structure of special limited period offers of Non-Callable variants in 444 days:
| Interest Rate (% p.a.) | ||
| Special Bucket | General/NRE/NRO | Senior Citizens |
| 444 Days | 7.25 | 7.75 |
