FD Rates: IDBI Bank, now included in the count of the country’s big banks, has revised the interest rates on FDs. IDBI Bank has revised the interest rates on 13 February 2023. The bank is offering FDs ranging from 7 days to 10 years.
He is giving interest of minimum 3.50 per cent and maximum 7.50 per cent to the customers. This interest rate is available on FDs of less than Rs 2 crore. After the recent revision of 0.25 per cent in the repo rate by the RBI, banks have started increasing interest on FDs. IDBI has increased the interest on its 91 days FD by 0.25 per cent.
Interest increased on 700 days FD
After the revision in FD rates, the bank is offering 7.25 per cent interest to the general public and 8 per cent to senior citizens on FDs of 700 days. These new rates have come into effect from today, February 13.
IDBI increased interest on FDs of less than Rs 2 crore
7 days to 14 days: For general public – 3.00 per cent; For Senior Citizen – 3.50 percent
15 days to 30 days: For general public – 3.00 per cent; For Senior Citizen – 3.50 percent
31 days to 45 days: For general public – 3.25 per cent; For Senior Citizen – 3.85 percent
46 days to 60 days: For general public – 4.25 per cent; For senior citizens – 4.75 percent
61 days to 90 days: For general public – 4.25 per cent; For senior citizens – 4.75 percent
91 days to 6 months: For general public – 4.75 per cent; For senior citizens – 5.25 percent
6 months 1 day to 270 days: For general public – 5.50 per cent; For senior citizens – 6 percent
271 days to less than 1 year: For general public – 5.5 per cent; For Senior Citizen – 6.00 percent
1 year: For general public – 6.75 per cent; For Senior Citizen – 7.25 percent
Above 1 year to 2 years: For general public – 6.75 per cent; For Senior Citizen – 7.50 percent
2 years 1 day to less than 3 years: For general public – 6.50 per cent; For Senior Citizen – 7.25 percent
3 years to less than 5 years: For general public – 6.25 per cent; For Senior Citizen – 7.00 percent
5 years: For general public – 6.25 per cent; For Senior Citizen – 7.00 percent
Above 5 years to 7 years: 6.25 per cent; For Senior Citizen – 7.00 percent
Above 7 years to 10 years: 6.25%; For Senior Citizen – 7.00 percent
Above 10 years to 20 years: 4.80 per cent; For Senior Citizen – 5.30 percent
