Idbi bank fd rates

Current / Savings / Term Deposits / Recurring Deposit accounts can be opened under this scheme. NRIs/PIOs can hold funds in convertible Indian rupees. Entire balance, including interest earned thereon, can be converted into any convertible currency at ruling exchange rates and freely repatriated abroad. Entire interest income from a NRE account is exempt from Income Tax under the provisions of Income Tax Act in India. Industrial Development Bank of India Limited NRE Fixed Deposits Our NRE Fixed Deposits add value to your money. You can open fixed deposits for as low as Rs.10, 000/- and make your money grow. • • FD Tenure – 1 year to 10 years • Interest payout at Monthly basis, Quarterly basis or Cumulative interest credit on maturity • No interest will be paid on NRE deposits closed pre-maturely in less than a year • Attractive Interest ratesInterest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposit remained with the Bank, whichever is lower. With the revision in the premature closure policy, Bank will now levy a penalty of 1%, on the applicable rate for deposits in RTD & RD closed prematurely. Such closures include the withdrawals through sweep-ins and partial withdrawals as well. • Easy loan against deposits • Automatic renewal of FD on maturity if instructed accordingly NRE Recurring Deposits NRE RD is an ideal tool to invest a fixed sum every month over a period of time from your NRE account. • • RD Tenur...

IDBI Bank has increased the rate of interest on deposits and now offers interest on 700 days tenure, according to a press release issued by the bank. According to the bank’s press release, “IDBI Bank offers 7.60% interest on Retail Amrit Mahotsav Deposit. IDBI Bank has enhanced rate of interest on deposits and now offers interest up to 7.60% for just 700 days, as a limited period offer, effective from December 26, 2022." • Premature withdrawal / closure permitted. • Naman Senior Citizen rates are not allowed. • Staff & Senior Citizen Rates are not applicable to NRO & NRE term Deposits. • All other features of term deposit as well as terms and conditions shall remain unchanged and are applicable for the above scheme also. IDBI Bank FD interest rate The bank revised its FD interest rates with effect from December 19, 2022 for amounts below Rs 2 crore. After the revision, the interest rate offered for regular citizen varies between 3% to 6.75% for tenure ranging between 7 days to 10 years. For senior citizens, the bank offers interest rate between 3.5% to 7.50% for tenure ranging from 7 days to 10 years. General Customers Sr. Citizen 0-6 Days NA NA 07-14 days 3 3.5 15-30 days 3 3.5 31-45 days 3.35 3.85 46- 60 days 4.25 4.75 61-90 days 4.25 4.75 91-6 months 4.5 5 6 months 1 day to 270 days 5.25 5.75 271 days up to 1 Year to 2 Years 6.75 7.50# > 2 Years to 5 Years to 7 Years 6.25 7.00# >7 Years to 10 Years 6.25 7.00# >10 Years to 20 Years$ 4.8 5.30 Tax Saving FD 5 Years 6.25 7...

After the revision, the bank offers a 6.50% interest rate on fixed-rate deposits (FDs) maturing in 2 to 3 years, whereas IDBI Bank offers a 6.25% interest rate on FDs maturing in 3 to 10 years. The interest rate on the Amrit Mahotsav FD” scheme of 444 Days and 700 Days are 7.15 and 7.25 respectively for regular citizens and 7.90% and 8% for senior citizens with effect from February 13, 2023. IDBI Naman Senior Citizen Deposit IDBI Naman Senior Citizen Deposit validity is extended up to March 31, 2023. The additional rate will be available on fresh deposits opened as well as deposits renewed during the scheme period. The tenure will be greater than 1 year up to 10 years. Under this scheme, resident senior citizen customers will get an enhanced interest rate of 0.25% over and above existing additional rate of 0.50% per annum (total mark-up 0.75% over Card Rate).

If you are looking to book a fixed deposit before the scheme ends, here is a comparison of 1-2 year FD interest rates of banks like HDFC Bank, ICICI Bank, YES Bank, Canara Bank, SBI and SBI AMRIT KALASH. SBISBI offers 6.80% interest rate on fixed deposits for tenure ranging from 1 year to 2 years. While, under Amrit Kalash FD rate offered is 7.10% for tenure of 400 days which is 13 months 4 days. ICICI BankICICI Bank offers 6.70% on tenure of 1 year to less than 15 months for general citizens. The bank offers the highest interest rate of 7.10% on tenure 15 months to less than 2 years. The rates are applicable from February 24, 2023. Canara Bank Canara Bank offers the highest interest rate of 7.25% on tenure of 444 days for general citizens. The rates are applicable from April 5, 2023. Yes Bank Yes Bank offers 7.50% interest rate on fixed deposits with tenure of 1 Year to less than 18 months. The rates are effective from May 2, 2023. Source: Bank website as on June 15, 2023 Note that these interest rates are applicable for amounts below Rs 2 crore. Also note that these rates are applicable only for general citizens, seniors receive returns that are 0.5% greater than those of other customers, and partial and early withdrawals are subject to penalties and vary with banks. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

IDBI Bank, a private sector lender, has adjusted its interest rates on Resident Term Deposit / NRO for deposits less than Rs. 2 Cr. The new rates are effective as of today, January 15, 2022, according to the bank's official website. Domestic and NRO deposits have a maturity length of 7 days to 10 years, whereas NRE Term deposits have a maturity range of 1 year to 10 years. The bank's current interest rates on fixed deposits of less than Rs. 2 Cr are listed below. Tenors General customers Senior Citizens 07-14 days 2.7 3.2 15-30 days 2.7 3.2 31-45 days 2.8 3.3 46- 60 days 3 3.5 61-90 days 3 3.5 91-6 months 3.5 4 6 months 1 day to 270 days 4.3 4.8 271 days upto 1 year - 2 years 5.15 5.65 >2 years to 5 years - 7 years 5.25 5.75 >7 years - 10 years 5.25 5.75 >10 years - 20 years$ 4.8 5.3 Source: Bank Website IDBI Bank Tax Saving Fixed Deposit Interest Rates Suvidha Tax Saving Fixed Deposit is a scheme offered by IDBI Bank that allows you to claim tax exemption under section 80c of the Income Tax Act and receive higher returns on your deposits. Any individual or HUF can deposit up to Rs. 1.5 lac in IDBI Bank Suvidha Tax - Saving Fixed Deposit for a period of five years. Customers should bear in mind that premature withdrawals are not permitted on tax-saving fixed deposits and that your funds will be locked in for a period of five years. With effect from 15th January 2022, the bank is now offering the following interest rates on tax-saving fixed deposits of less than Rs. 2 Cr. ...

This is one of the best times to invest in fixed deposit schemes offered by banks. It is because banks across India have been increasing interest rates on their term deposits. This cycle of deposit rate hike began when the Reserve Bank of India (RBI) started to hike the repo rate in May. Recently, the RBI hiked the repo rate by 35 basis points (bps) to 6.25 percent on 7 December 2022. The Industrial Development Bank of India (IDBI) has also recently hiked its fixed deposit rates following the latest repo rate hike. It is also offering attractive returns on its Amrit Mahotsav Deposit scheme. IDBI is now offering up to 7.6 percent interest rate on its 700-day Amrit Mahotsav Deposit scheme. The revised rates came into effect from 26 December. It should be noted that the offer is valid only for a limited period of time. However, IDBI Bank has not mentioned the deadline for the same in its press release. The 7.6 percent interest rate will only be offered to senior citizens. General/ Non-Resident External (NRE)/ Non-Resident Ordinary (NRO) citizens will earn 7.1 percent returns on this FD scheme. The Amrit Mahotsav FD scheme with a tenure of 555 days is offering an interest rate of 7 percent to the general/ NRE/NRO citizens. On the other hand, the senior citizens can earn a return of 7.5 percent for the same tenure. General terms and conditions for the Amrit Mahotsav FD scheme: • Staff and Senior Citizen Rates are not applicable on NRO and NRE term deposits. • Premature withdraw...

After the revision, the bank offers a 6.50% interest rate on fixed-rate deposits (FDs) maturing in 2 to 3 years, whereas IDBI Bank offers a 6.25% interest rate on FDs maturing in 3 to 10 years. The interest rate on the Amrit Mahotsav FD” scheme of 444 Days and 700 Days are 7.15 and 7.25 respectively for regular citizens and 7.90% and 8% for senior citizens with effect from February 13, 2023. IDBI Naman Senior Citizen Deposit IDBI Naman Senior Citizen Deposit validity is extended up to March 31, 2023. The additional rate will be available on fresh deposits opened as well as deposits renewed during the scheme period. The tenure will be greater than 1 year up to 10 years. Under this scheme, resident senior citizen customers will get an enhanced interest rate of 0.25% over and above existing additional rate of 0.50% per annum (total mark-up 0.75% over Card Rate).

IDBI Bank has increased the rate of interest on deposits and now offers interest on 700 days tenure, according to a press release issued by the bank. According to the bank’s press release, “IDBI Bank offers 7.60% interest on Retail Amrit Mahotsav Deposit. IDBI Bank has enhanced rate of interest on deposits and now offers interest up to 7.60% for just 700 days, as a limited period offer, effective from December 26, 2022." • Premature withdrawal / closure permitted. • Naman Senior Citizen rates are not allowed. • Staff & Senior Citizen Rates are not applicable to NRO & NRE term Deposits. • All other features of term deposit as well as terms and conditions shall remain unchanged and are applicable for the above scheme also. IDBI Bank FD interest rate The bank revised its FD interest rates with effect from December 19, 2022 for amounts below Rs 2 crore. After the revision, the interest rate offered for regular citizen varies between 3% to 6.75% for tenure ranging between 7 days to 10 years. For senior citizens, the bank offers interest rate between 3.5% to 7.50% for tenure ranging from 7 days to 10 years. General Customers Sr. Citizen 0-6 Days NA NA 07-14 days 3 3.5 15-30 days 3 3.5 31-45 days 3.35 3.85 46- 60 days 4.25 4.75 61-90 days 4.25 4.75 91-6 months 4.5 5 6 months 1 day to 270 days 5.25 5.75 271 days up to 1 Year to 2 Years 6.75 7.50# > 2 Years to 5 Years to 7 Years 6.25 7.00# >7 Years to 10 Years 6.25 7.00# >10 Years to 20 Years$ 4.8 5.30 Tax Saving FD 5 Years 6.25 7...

THIS Bank offering special FD rate of 8%! IDBI, other banks offering over 7% interest rate | Check latest interest rate of banks Bank FD Rates 2022: The bank is offering 8 per cent interest rate on FDs for the general public while 8.50 per cent to the senior citizens. The revised FD interest rates are effective from November 1, 2022. • • • • • Bank FD Rates 2022: A Fixed Deposit (FD) is considered as a safe option by many people. As it is not linked to the market, the interest rates do not fluctuate and remain stable throughout the fixed deposit tenure. Along with the rising interest rates of loans, banks are also making their deposit schemes attractive. For this, they are increasing the interest rates on FDs. ESAF Small Finance Bank is offering a special fixed deposit rate of 8 per cent for 999 days. The bank has offered the special FD till November 30, 2022. The bank is offering interest rates on fixed deposits in the range of 4 per cent to 8.50 per cent for the public. According to the EASAF Website, "Special FD rate of 8.00% for 999 days will be available till 30-Nov-2022.” The bank is offering 8 per cent interest rate on FDs for the general public while 8.50 per cent to the senior citizens. The revised FD interest rates are effective from November 1, 2022. IDBI Amrit Mahotsav Fixed Deposit Scheme IDBI Bank is offering attractive interest rate for different maturities under the Amrit Mahotsav Deposits scheme. Under this scheme, IDBI Bank is giving 7.50 percent annual i...

This is one of the best times to invest in fixed deposit schemes offered by banks. It is because banks across India have been increasing interest rates on their term deposits. This cycle of deposit rate hike began when the Reserve Bank of India (RBI) started to hike the repo rate in May. Recently, the RBI hiked the repo rate by 35 basis points (bps) to 6.25 percent on 7 December 2022. The Industrial Development Bank of India (IDBI) has also recently hiked its fixed deposit rates following the latest repo rate hike. It is also offering attractive returns on its Amrit Mahotsav Deposit scheme. IDBI is now offering up to 7.6 percent interest rate on its 700-day Amrit Mahotsav Deposit scheme. The revised rates came into effect from 26 December. It should be noted that the offer is valid only for a limited period of time. However, IDBI Bank has not mentioned the deadline for the same in its press release. The 7.6 percent interest rate will only be offered to senior citizens. General/ Non-Resident External (NRE)/ Non-Resident Ordinary (NRO) citizens will earn 7.1 percent returns on this FD scheme. The Amrit Mahotsav FD scheme with a tenure of 555 days is offering an interest rate of 7 percent to the general/ NRE/NRO citizens. On the other hand, the senior citizens can earn a return of 7.5 percent for the same tenure. General terms and conditions for the Amrit Mahotsav FD scheme: • Staff and Senior Citizen Rates are not applicable on NRO and NRE term deposits. • Premature withdraw...