IDBI Bank introduces 700 Days Amrit Mahotsav Deposit at 7.50%

IDBI Bank has introduced yet another variant in Amrit Mahotsav Deposits with a maximum interest rate of 7.50% for just 700 days as a limited-period offer. Besides, the interest rate on 555 days Amrit Mahotsav Deposits is also increased to a maximum of 7.00% from 6.50%.

Previously, As part of its holiday promotion, the private sector lender IDBI Bank had introduced the “Amrit Mahotsav FD” plan, which started on October 21, 2022, and will run for 555 days.

With a special, limited-time offer, the bank had set an interest rate of 6.90% for 555 days. The Bank had 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 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.