The interest rates on low-interest fixed deposits The private lender IDBI Bank has modified 2 crore. The bank’s official website states that the new rates take effect on April 1, 2023. The bank started the “Amrit Mahotsav FD” program, which gives 7.15 percent to the general public and 7.65 percent to seniors.
For deposits that mature within seven days to ten years, the bank currently guarantees interest rates of 3% to 6.25 percent for the general public and 3.5 percent to 6.75 percent for the elderly.
The bank currently offers a 3.0% interest rate on fixed deposits with maturities of 7 to 30 days, while IDBI Bank currently offers a 3.3% interest rate on deposits with maturities of 31 to 45 days.
For deposits that are held for 46 to 90 days, IDBI Bank now offers interest rates of 4.25 percent, while for deposits that are held for 91 to 6 months, the rate is 4.75 percent.
With the exception of 444 days, deposits with maturities of six months, one day to one year, and one year to two years will earn interest at rates of 5.5% and 6.7%, respectively.
IDBI Bank guarantees interest rates of 6.25 percent for the general public and 6.75 percent for seniors for five-year tax-saving fixed deposits.
