Bank Special FD: 7.40% interest on 555 days FD, bank extended the deadline for investors

IDBI Bank has extended the date of investment in one of its special fixed deposits. The bank has extended the last date of the scheme “Utsav FD Scheme”, now customers will be able to take advantage of this special FD till 30 September 2025. Earlier this scheme was giving value only till 30 June. Now the bank had recently revised the interest rates of FD on 12 June. Now the bank is giving full interest to the customers.

IDBI Bank has extended the date of investment in one of its special fixed deposits. The bank has extended the last date of the scheme “Utsav FD Scheme”, now customers will be able to take advantage of this special FD till 30 September 2025. Earlier this scheme was giving value only till 30 June. Now the bank had recently revised the interest rates of FD on 12 June. Now the bank is giving full interest to the customers.

The bank will now give a minimum of 3% and a maximum of 6.70% interest on regular FDs, while senior citizens will be given an extra 0.50% interest on FDs. This scheme can become an excellent option for those looking for safe investment.

Three maturity options of FD

In IDBI Bank’s Utsav FD scheme, investors have been given three maturity options, 444 days, 555 days and 700 days. Investment of less than three crore rupees can be made in this special FD. In this scheme, the highest interest rate will be available on FD of 555 days, which makes it the most attractive option.

How much return will be available on FD

In IDBI Bank’s Utsav Special FD Scheme, general citizens are getting 6.50% interest and senior citizens are getting 7.35% interest on the 444 day option. Whereas on 555 day FD, general investors are getting 6.90% and senior citizens are getting 7.40% interest. Also, on 700 day FD, general investors are being given 6.85% and 7.25% (senior citizens) interest rate.

In this fixed deposit scheme, different interest rates are being offered on different maturity periods. The bank is giving 3% interest on FD of 7 to 30 days. So let’s know the interest rate according to the tenure.

Understand what will be the interest rate according to the tenure?

  • FD of 7 to 30 days – around 3%
  • FD of 31 to 45 days – around 3.25%
  • FD of 46 days to 60 days – around 4.50%
  • FD of 61 to 90 days – around 4.75%
  • FD of 91 days to 6 months – around 5.50%
  • FD of 6 months 1 day to 270 days – around 5.75%
  • FD of 271 days to less than 1 year – around 6%
  • FD of 1 year to 2 years – around 6.55%
  • FD of more than 2 years and less than 3 years – around 6.70%
  • FD of more than 5 years and up to 10 years – around 5.95%
  • FD of 10 to 20 years – around 4.80%
  • Tax saving FD of 5 years – around 6.25%

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