IDBI Bank extends the deadline of its special FD offer, opportunity to get higher interest rates

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IDBI Bank extends the deadline of its special FD offer, opportunity to get higher interest rates
IDBI Bank extends the deadline of its special FD offer, opportunity to get higher interest rates

IDBI Bank has announced to extend the deadline of its special FD offer. The bank had given a special offer in the name of Utsav FD. In which special rates were offered for FDs of 3 different time periods. The time limit for this FD offer was till 31 March 2024. Now the time limit of this offer has been extended. The bank has announced that the deadline for FD deposit has been extended to June 30, 2024.

FD offers are for deposits of 300 days, 375 days and 444 days. Under the offer, the bank is offering a minimum rate of 7.05 percent, which is available to general customers on FD of 300 days, while the bank is offering a maximum of 7.75 percent, which is available to senior citizens on FD of 444 days.

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What is the offer

Under the 300 day Utsav FD offer, the bank is offering 7.05 percent interest rate to general customers. Under this offer, senior citizens will get 7.55 percent interest.

At the same time, under 375 days Utsav FD, it is offering 7.1 percent interest to general customers. Whereas senior citizens are getting 7.6 percent interest.

For 444 days FD, general customers are getting 7.25 percent interest. Whereas senior citizens are getting interest of 7.75 percent.

According to the information given by the bank, the deposit offer for a period of 300 days is not available on NRE deposits. The option to withdraw money from FD prematurely or to close it has been given. Rates for staff and senior citizens will not be applicable on NRO and NRE term deposits. Other terms and conditions on special FD will remain the same as applicable to other deposits.

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