IDBI Bank FD Rates: IDBI Bank has also increased the rates of its fixed deposits and at what rates will the customers of the bank get interest on FDs ranging from 7 days to 20 years – you can know here.
There have been reports of increasing interest rates of fixed deposits i.e. FDs continuously for some time by the major banks of the country. HDFC Bank, SBI and Kotak Mahindra Bank have increased the interest rates of their fixed deposits. In this episode, IDBI Bank has also increased the interest rates on its FDs.
IDBI Bank has announced to give a maximum interest of 5.25 percent by changing the interest rates of fixed deposits. In IDBI Bank, you can keep minimum money for 7 days and FD for maximum 20 years. The interest rates that the bank has announced to increase on FDs have been implemented from 15 January 2022.
The bank gives the benefit of an additional 50 bps i.e. 0.5 percent interest rates to senior citizens for all tenor deposits. Here you can know the new rates on FDs of various tenures of the bank which are for general citizens.
Tenure New interest rate (all rates in per cent)
7 to 30 days 2.7 per cent
31 to 45 days 2.8 per cent
46 to 90 months 3.00 per cent
91 days to 6 months 3.50 per cent
6 months to 1 year 4.30 per cent
1 year 1 day to 3 years 5.10 Percentage
3 years 1 day to less than 5 years 5.30 percent
5 to 10 years 5.25 percent
10 years 1 day to 20 years 4.80 percent
After the announcement of new rates of IDBI Bank, these interest rates have become attractive for its customers and this is a good opportunity for the bank to get new deposits.
