IDBI Bank introduces an exciting fixed deposit scheme with short tenure and high interest rates
The new FD scheme from IDBI Bank has a tenor of 375 days, offering an interest rate of 7.10 percent for the general public and 7.60 percent for senior citizens, effective from July 14th
Tenure and Interest Rates
IDBI Bank launched this FD scheme as part of its 'Amrit Mahotsav FD' program, aiming to provide customers with special investment opportunities during the celebratory period
'Amrit Mahotsav FD' Program
Both the 375-day and the existing 444-day FD schemes under the 'Amrit Mahotsav FD' program will be valid until August 15th
Limited Duration
Senior citizens can enjoy an additional advantage with IDBI Bank's FD scheme, receiving a higher interest rate of 7.60 percent, recognizing their specific investment needs
Benefits for Senior Citizens
Under the 444-day FD scheme, customers have the option to withdraw before maturity, with a maximum interest rate of 7.65 percent, providing flexibility to investors
Callable Option
For those who choose not to withdraw their investment before maturity, the 444-day FD scheme offers a higher interest rate of 7.75 percent, rewarding investors for their long-term commitment
Non-Call Option
The 375-day FD scheme is ideal for individuals seeking short-term investments with attractive interest rates, allowing them to maximize their returns within a relatively brief period
Short Tenure, High Returns
Get high returns with floating rate savings bonds (FRSBs)