IDBI Bank FD Rates: IDBI Bank has made changes in its Fixed Deposit (FD) scheme. The bank has launched FD with new period and higher interest. Also, IDBI Bank has extended the investment deadline in its old special FD. The deadline for investing in special FD was 31 December 2024, which has been extended. Now investors will get more time to invest in FD.
New Vali Utsav Callable FD of 555 days
IDBI Bank has launched Utsav FD with a new tenure of 555 days from 23 December 2024. This scheme will be valid till 15 February 2025. That means, you can invest in it till 15th February. Here let us tell you that premature withdrawal of money is not allowed in callable FD. Apart from this, the deadline for the already running special FD schemes of 300, 375, 444 and 700 days has been extended till March 31, 2025.
Utsav FD Interest Rates – For General Citizens
555 days (new plan): 7.40%
Senior citizens get interest on FD
555 days (new plan): 7.90%
IDBI Bank General FD Rates
Interest rates on IDBI Bank normal FD range from 3% to 7%. These rates are applicable on deposits amount less than Rs 3 crore. These interest rates for senior citizens range from 3.50% to 7.50%. These rates are applicable to FDs with periods ranging from 7 days to 10 years. The new rates are applicable from 23 December 2024.
Rules for premature closure of FD
As per IDBI Bank rules, if customers close the FD prematurely, the bank imposes a penalty charge of 1%. This charge also applies to partial withdrawals and withdrawals through swipe-ins.
Special opportunity for customers
There is a new FD of 555 days and extension of already running special schemes. Customers are getting higher returns on this. If you are planning to invest in FD, this time can be beneficial for you. Before investing, read the terms and conditions of FD carefully.
Gold Price Today: Gold is becoming increasingly expensive in the last days of 2024, check Saturday