PHOTOS

IDBI Hikes Fixed Deposit Interest Rates On THESE Tenures; Check Comparison With SBI Special FD Schemes

IDBI Bank offers up to 7.85% on fixed deposits for select tenures, valid until September 30, 2024. SBI’s Amrit Kalash scheme provides 7.10%, with 7.60% for seniors.

Zee Media Bureau|

Updated:Aug 20, 2024, 08:46 PM IST

1/6

Invest With Zero Risk:

Those who want to invest their hard-earned money in a safe avenue with zero risk often find fixed deposits as their go-to choice. Banks have been offering interest rates of up to 8 per cent on certain tenures. Amid increasing competition, IDBI Bank has increased its FD rates.

2/6

IDBI Bank FD Rates:

IDBI Bank now offers a peak rate of 7.85 per cent and 7.75 per cent per annum on tenures of 444 days and 375 days, respectively. This offer is valid until September 30, 2024.

3/6

Open Utsav Fixed Deposit Account:

Customers can open an Utsav Fixed Deposit conveniently through the bank's website, mobile banking application, or at any branch of the bank.

4/6

Utsav Fixed Deposit Scheme

IDBI Bank continues to offer competitive rates on other special tenures under the Utsav Fixed Deposit scheme. The 700-day tenure offers a peak rate of 7.70 per cent, while the 300-day tenure provides 7.55 per cent.

5/6

Amrit Kalash Scheme:

At SBI, the "400 days" Amrit Kalash scheme offers an interest rate of 7.10%, effective from April 12, 2023. Senior citizens can benefit from a higher rate of 7.60%. This scheme is available until September 30, 2024.

6/6

Deposit Tenure In SBI:

For deposits with a tenure of 1 year to less than 2 years, the interest rate offered to the general public is 6.80%. Meanwhile, senior citizens enjoy a higher interest rate of 7.30% for the same tenure. (Image Credit: Pixabay)