This bank changed the interest rates of FD, now know how much profit will be made in 1 year!
IDBI Bank has changed the interest rates on FD. IDBI Bank is paying interest from 3.50 per cent to 6.65 per cent on its FD.
6.15% interest rate for short term deposits
IDBI Bank gives FDs to its customers for a period of less than 7 days to less than 1 year under short term deposits. The bank has fixed the rate for this from 3.50 percent to 6.15 percent. At the same time, interest on short term FD for senior citizens has been fixed at the rate of 4% to 6.65%.
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What are the new interest rates
IDBI has fixed interest rate of 3.50 per cent on FD of 7 to 14 days. IDBI Bank has decided to pay interest at the rate of 4.50 per cent for 15 to 30 days. Interest rate of 4.75% for 31 to 45 days, 5.50% for 46 to 90 days, 5.75% for 91 days to 6 months. For 6 months, 1 day to 270 days, 6.10 percent and for 271 days a year, 6.15 percent will be given interest.IDBI Bank's latest interest rate for FDs ranging from one year to five years. This rate is on deposits less than Rs 2 crore.
After the new change, IDBI Bank pays 6.65 per cent interest on one year FD. This is 7.15 percent for the senior citizen.
>> 6.65 percent interest rate for a period of 1 year
>> 6.55% interest rate for a period of 1 year to 2 years
>> 6.5 percent interest rate for a period of 2 to 3 years
>> 6.5 percent interest rate for a period of 3 to 5 years.
>> 6.40 percent interest rate for a period of 5 years
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IDBI Bank's latest interest rate for a period from 5 years to 20 years. These rates are less than Rs 2 crore.
6.35 per cent interest rate for a period of 5 to 7 years.
6.35 percent interest rate for 7 to 10 years
6 percent interest rate for 10 years to 20 years
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First published: October 4, 2019, 4:47 PM IST