FD Interest Rates: Fixed deposits remain the top choice for investors in India. People of all ages confidently choose them due to their guaranteed returns and security. If you're considering investing in fixed deposits, there's good news for you. Ahead of Navratri, private sector IDBI Bank has announced a gift for its customers.
IDBI Bank has revised the interest rates on its Utsav FDs. The new rates came into effect on Friday (September 19). The bank has set new interest rates for special tenures of 444 days, 555 days, and 700 days. For general customers, 444-day FDs will earn 6.60%, 555 days, and 700-day days, respectively.
Senior Citizens Will Benefit More
Senior citizens will receive 0.50% more interest than the normal rate, meaning they will receive 7.10% interest on 444 days, 7.15% interest on 555 days, and 7% interest on 700 days.
Special Scheme for Customers Over 80 Years of Age
IDBI Bank has also launched the Chiranjeevi-Super Senior Citizen FD Scheme for customers aged 80 and above. This scheme offers 7.25% interest on 444 days, 7.30% interest on 555 days, and 7.15% interest on 700 days.
Other FD Schemes Also Available
Suvidha Tax Saving FD (5 Years): 6.35% interest for ordinary citizens and 6.85% interest for senior citizens.
Vasundhara Green Deposit: 6.35% for general customers and 6.85% for senior citizens
SSP/SSP Plus:
1-3 years: 6.55% for general customers, 7.05% for senior citizens
3-5 years: 6.35% for general customers, 6.85% for senior citizens
5-10 years: 5.95% for general customers, 6.45% for senior citizens
Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
You may also like
UAE: Dubai Ruler Sheikh Mohammed launches campaign to train 10,000 youth and create 30,000 jobs
I read everyday - here's the five books you must read when you need a bit of escapism
The beautiful seaside town that doesn't flash its wealth around like Sandbanks or Salcombe
Cruise ship passengers warned against dangerous and 'disrespectful' trend
The huge new UK village as big as 64 football pitches that could be site of 800 homes