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.
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.
(Disclaimer: The advice or views given on businessleague.in are the personal views of the experts and the brokerage firm; the website or management is not responsible for it. Before investing, please consult your financial advisor or certified expert.)
Also Read-
- Bank Holidays in April 2024: Banks will remain closed for five days next week, know holidays list here
- Solar Energy: Know what is Solar Park Scheme, how much help is available
- Old Tax Regime: To avail the benefit of old tax regime, fill ITR by this date, Details here
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
