Bank New Update: This Bank has extended the deadline for offering its special FD which gives higher returns. Now you can invest in this FD till 31st October.
New Delhi. If you also want to earn more interest by investing in Fixed Deposit (FD), then there is good news for you. Actually, IDBI Bank has extended the deadline for investing in its special FD scheme Amrit Mahotsav FD which gives higher returns. Earlier this deadline was ending on 30 September. Now the bank has extended the deadline for investment in this scheme till 31st October.
IDBI Bank is running two special FD Amrit Mahotsav of 375 days and 444 days. The bank is offering the highest interest rate on this scheme. According to the bank’s website, Amrit Mahotsav FD has been increased keeping in mind the festive offers.
Interest on Amrit Mahotsav FD for 444 days period
According to IDBI Bank, regular customers, NRI and NRO customers are being given interest at the rate of 7.15 percent for investing in Amrit Mahotsav FD Scheme for 444 days. At the same time, in this scheme, senior citizens are getting interest at the rate of 7.65 percent. The bank also allows investors to withdraw and close this FD prematurely.
Interest on Amrit Mahotsav FD for 375 days period
IDBI Bank is giving 7.65 percent interest to senior citizens investing in 375 day Amrit Mahotsav FD, while it is giving 7.10 percent interest to regular customers, NRI and NRO customers on 375 day FD. The bank also gives the option of premature withdrawal or withdrawal of money.
