IDBI Bank Hikes FD Rate: The bank said that this increase makes ‘Utsav Fixed Deposit’ even more attractive for customers looking for higher returns.
IDBI Bank has announced an increase in the interest rates of its Utsav Fixed Deposit scheme. Under this, now the interest rate on FD for a period of 444 days (IDBI Bank FD Interest Rates) has been increased to 7.85 percent. These increased rates are available for a limited period.
If you are thinking of investing in fixed deposits, then do this work quickly. Before that, know what are the new rates of IDBI Bank FD? So let us tell you..
IDBI Bank said in a statement on Tuesday that now 7.85 percent and 7.75 percent annual interest will be given on fixed deposits with a period of 444 days and 375 days respectively. The bank said that this increase makes ‘Utsav Fixed Deposit’ even more attractive for customers seeking higher returns.
The bank has said that this new rate is valid till September 30, 2024. You can easily avail the Utsav Fixed Deposit Scheme through the IDBI Bank website or mobile banking app or by visiting any branch of the bank.
Further, the maximum interest rate offered under the IDBI Bank Utsav FD Scheme is 7.70 per cent for a tenure of 700 days, while it is 7.55 per cent for a tenure of 300 days.
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