Deposit Scheme IDBI Amrit Mahotsav: FD (Fixed Deposit) banks is a very popular fixed income scheme. Along with rising interest rates on loans, banks are also making their deposit schemes attractive. To do this, they raise interest rates on FIs. IDBI Bank offers attractive interest rates for various maturities under Amrit Mahotsav’s deposit scheme. Under this scheme, IDBI Bank provides its clients with 7.50% per annum on deposits for 700 days. This attractive bank deposit scheme is only valid for a limited time.
At the end of 75 years of independence, the bank launched the Amrit Mahotsava Deposit Scheme. Under this scheme, the interest rate on the Amrit Mahotsav deposit for 555 days has been increased from 6.50% to 7% per annum. A few days ago, the bank announced this scheme. Recently, many banks, including the State Bank of India (SBI), HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra, have raised interest rates on deposits with different maturities.
Special scheme for pensioners
On April 20, 2022, IDBI Bank introduced a special FD program “IDBI Naman Senior Citizen Deposit” for the elderly. The maturity of this special FD scheme is from 1 to 10 years. You can use this scheme until December 31, 2022. Seniors receive an additional 0.25% per annum under this special FD scheme at the existing additional rate of 0.50% per annum. That is, pensioners receive an additional percentage of 0.75% under the scheme.
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