After the country’s largest state-run bank State Bank of India (SBI), now the leading private sector IDBI Bank (IDBI Bank) has given good news to its customers.
IDBI Bank Interest Rate: After the country’s largest government bank State Bank of India (SBI), now the leading private sector IDBI Bank (IDBI Bank) has given good news to its customers. The bank has increased the interest rates by up to 0.25 percent on fixed deposits (FDs) of less than Rs 2 crore.
Revised rates applicable from today
In the information released by the bank on Tuesday, it was told that the revised rates will be effective from June 15. According to the information given by the bank, the bank has increased the interest rate by 0.25 percent to 4 percent on fixed deposits (FD) completed between 91 days to six months (91 days to 180 days). Earlier it was 3.75 percent.
Interest rates soared
Apart from this, the interest rate on deposits ranging from 3 years to less than 5 years has been increased by 0.10 percent to 5.60 percent, which was 5.50 percent earlier. Apart from this, interest at the rate of 5.75 percent will be given on retail fixed deposits of 5 years to 7 years. Earlier it was 5.60 percent. It has been increased by 15 paise.
According to a report, IDBI Bank has a customer base of about 3 crores. Let us tell you that earlier this bank was semi government, which has now become completely private. Earlier, on April 20, the fixed deposit rates were also changed by the bank.
IDBI Bank New Interest Rates (IDBI Bank FD Interest Rates)
07-14 Days : 2.7 percent
15-30 Days : 2.7 percent
31-45 Days : 3 percent
46-60 Days : 3.25 percent
61-90 Days : 3.4 percent
91 days From 180 days : 4 percent
From 3 years to 5 years : 5.6 percent
To more than 5 years : 5.75 percent