IDBI Bank has revised its fixed deposit interest rates for amounts below Rs 2 crore, effective from April 20, 2022. With the revised FD rates, for tenures ranging from 6 to 10 days, the bank will now offer interest rates between 2.70 percent and 5.60 percent.
The Bank will offer a 3.00 percent interest rate for tenures between 31 to 45 days. The interest rate on FD maturing in 61 to 90 days will now be 3.40 percent, an increase of 40 basis points. The bank will give a 3.25 percent interest rate for FD maturing in 46 to 60 days. The interest rate on FD maturing in 2 to 3 years is 5.35 percent. 5.50 percent interest will be given on deposit maturing in 3 to 5 years.
The bank will offer a special interest rate on FDs to senior citizens. Currently, the bank is offering FD rates from 3.20 percent to 6.35 percent. Interest would be levied on prematurely withdrawn deposits at the rate in effect for the amount and time the deposit was with the Bank.
