For the 375-day FD, senior citizens stand to gain 7.6 per cent per annum while general citizens can earn a rate of 7.1 per cent. This scheme will remain open for investment from July 14 to August 15, 2023.
IDBI Bank has recently introduced attractive special interest rates for Fixed Deposits (FDs). The latest FD rates have been designed to incentivise investors particularly senior citizens, with enticing FD schemes. The bank currently serves customers through more than 1,890 outlets and 3,300 ATMs across India. Under its special interest rates on fixed deposits the bank has increased the interest rate up to 7.75 per cent per annum.
The "Amrit Mahotsav FD" Scheme
The bank has introduced a couple of distinctive FDs under the "Amrit Mahotsav FD" scheme. These include the 375-day and the 444-day term fixed deposits. For the 375-day FD, senior citizens stand to gain 7.6 per cent per annum while general citizens can earn a rate of 7.1 per cent. This scheme will remain open for investment from July 14 to August 15, 2023.
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