Private and public banks periodically adjust the interest rates on fixed deposits. They additionally provide unique FD plans. The private sector IDBI Bank is additionally operating a unique “Fixed Deposit Scheme.” It is additionally providing appealing interest.

The title of this unique FD program is “IDBI Bank Utsav FD”. This program will conclude on 31 December 2024. In this, clients are able to invest amounts under Rs 3 crore. The scheme offers four tenure options to choose from. The shortest term for an FD is 300 days, while the longest is 700 days. The interest rate varies for everyone.

What level of return are you receiving?

Under the IDBI Bank Utsav FD Scheme, regular customers receive 7.05% interest, while senior citizens receive 7.55% interest for a term of 300 days. The bank is providing 7.25% interest for regular citizens and 7.75% interest for senior citizens over a period of 375 days. Regular citizens receive 7.35% interest, while senior citizens earn 7.85% interest on a 444-day fixed deposit. Conversely, regular citizens receive 7.20% interest while senior citizens obtain 7.70% interest each year when opting for a 700-day term.

What is the interest rate of regular FD?

7-30 days – 3%

31-45 days – 3.25%

46-60 days- 4.50%

61 to 90 days – 4.75%

91 days to 6 months – 5.5%

6 months 1 day to 270 days – 6%

271 days to less than 1 year – 6.25%

1 year to 2 years – 6.80%

More than 2 years- Less than 3 years- 7%

3 years to 5 years – 6.50%

Above 5 years-10 years- 6.25%

Above 10 years and upto 20 years – 4.80%

5 Years (Tax Saving FD)- 6.50%