The private bank has launched a special FD scheme for citizens aged 80 years and above. In this, more interest is being received in a shorter period as compared to regular fixed deposit. There are 4 tenure options available under the scheme.
Bank FD Scheme: Private sector IDBI Bank has launched a new FD scheme on January 13. Its name is “Chinrajevi Super Senior Citizen FD Scheme”. The bank has introduced this scheme for citizens aged 80 years and above.
The bank is offering 4 tenure options under this scheme. The maximum interest rate is 8.05%. The interest rate of IDBI Chiranjeevi Super Senior Citizen FD will be valid only for the duration of the Utsav FD scheme bucket. Apart from this, premature withdrawal will also be allowed.
How much return are you getting? (IDBI Chiranjeevi FD Scheme)
The bank is offering 7.90% interest on 375 days deposit under Chiranjeevi HD Super Senior Citizen FD Scheme. It is offering 8% for 444 days, 8.05% for 555 days and 7.85% return for 700 days.
What is the deadline of Utsav FD scheme? (IDBI Bank FD)
IDBI Bank has also extended the deadline for its Utsav Callable FD scheme. Customers can invest in the new tenure of 555 days till 15 February 2025. At the same time, the last date for investing in 300 days, 444 days, 375 days and 700 days is 31 March 2025. Under this FD scheme, general citizens are getting 7.05% interest on 300 days tenure, 7.25% on 375 days tenure, 7.35% on 444 days tenure, 7.40% on 555 days and 7.20% on 700 days. The bank is offering 0.50% extra interest to senior citizens.
Interest rates for regular FD (Fixed Deposit)
7 to 30 days – 3%
31 to 45 days – 3.25%
46 to 60 days – 4.50%
61 to 90 days – 4.75%
91 days to 6 months – 5.50%
6 months 1 day to 270 days – 6%
271 days to less than 1 year – 6.25%
1 year to 2 years – 6.80%
2 years to less than 3 years – 7%
3 years to 5 years – 6.50%
5 years to 10 years – 6.25%
10 years to 20 years – 4.80%
5 years Tax Saver FD – 6.50%
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