IDBI Bank Amrit Mahotsav FD: During the festive season, IDBI Bank is giving an opportunity to earn huge profits on Fixed Deposit (FD). IDBI Bank has extended its special FD scheme named ‘Amrit Mahotsav Callable FD’ till November 30, 2023.
Amrit Mahotsav FD
Under this special FD, the interest rates range from 7.10% to 7.65%. Senior citizens are the biggest beneficiaries as they get higher interest compared to the general category. Earlier the special FD scheme of IDBI Bank was scheduled to end on 31st October, however, it has been extended till 30th November till further notice.
FD scheme tenure and interest rate
This FD scheme is for the tenure of 375 days and 444 days. Under the scheme, General/NRE/NRO will get 7.10% interest on tenure of 375 days and 7.15% interest on tenure of 444 days. Meanwhile, senior citizens will get interest up to 7.60% on maturity period of 375 days and 7.65% on maturity period of 444 days.
FDs less than Rs 2 crore, IDBI Bank is offering rates ranging from 3% to 6.80% for the general category with tenures ranging from 7 days to 20 years. Whereas senior citizens will earn from 3.50% to 7.30%. There are also tax-saving FD rates where the general category gets a rate of 6.50% and senior citizens get a rate of 7% on a tenure of 5 years.