Mumbai: As part of its holiday promotion, the private sector lender IDBI Bank has introduced the “Amrit Mahotsav FD” plan, which will run for 555 days starting on October 21, 2022.
With a special, limited-time offer, the bank has set an interest rate of 6.90% for 555 days. The Bank has increased its interest rate offered on term deposits across a range of maturity periods with effect from October 21, 2022.
The highest rate for a two-year bucket is now 6.85%, while the interest rate on a one-year deposit has increased to 6.75%.
This unique, time-limited offer is for the launch of the Amrit Mahotsav (callable) FD Scheme in 555 days and is valid through the end of December 2022.