New FD Rate: You will get 6.75% return on 271 days FD, this bank has changed the interest rates, new rates have come into effect, check here
Private banks have implemented new interest rates for fixed deposits. Customers can invest for a minimum period of 7 days and a maximum period of 20 years. Let’s find out how much return will be received on a tenure of how many days?
Private sector IDBI Bank has changed the interest rates of fixed deposits and savings accounts. New rates have become effective. General citizens are getting a minimum of 3% and a maximum of 7% interest on FDs of less than Rs 3 crore. The bank is offering 0.50% additional interest to senior citizens. People in the age group of 60 to 80 years will get returns ranging from 3.50% to 7.50%.
The bank is giving the highest returns on tenures of more than 2 years and less than 3 years (Bank FD). 6.80% interest is being given on tenures of one year to 2 years and 7.30% interest is being given to senior general citizens. Revised rates for Utsav Callable FD Scheme have also become effective from May 16.
Attractive returns are being offered on special FD schemes
Under the IDBI Utsav FD scheme, the bank is offering 7.10% interest on a tenure of 444 days, 7.15% on a tenure of 555 days and 7% on a tenure of 700 days to general citizens. Senior citizens will get 0.50% extra return.
IDBI Chiranjeevi Super Senior Citizen FD scheme is offering 7.75% to 7.80% interest to customers aged 80 years and above.
General citizens are getting 6.50% return and senior citizens are getting 7% return on Suvidha Tax Saving FD Deposit.
Interest rate as per tenure
7 to 30 days – 3%
31 to 45 days – 3.25%
46 to 60 days – 4.50%
61 to 90 days – 4.75%
91 days to 6 months – 5.50%
6 months 1 day to 270 days – 6%
271 days to less than 1 year – 6.25%
1 year to 2 years – 6.80%
2 years to less than 3 years – 7%
3 years to 5 years – 6.50%
More than 5 years and up to 10 years – 6.25%
More than 10 years and up to 20 years – 4.80%
Interest Rates for Savings Account
Upto Rs 1 lakh- 2.70%
Above Rs 1 lakh and upto Rs 5 lakh- 2.75%
Above Rs 5 lakh and upto Rs 5 crore- 2.75%
Above Rs 5 crore and upto Rs 100 crore- 3.25%
Above Rs 100 crore and upto Rs 1000 crore- 3.25%
Above Rs 1000 crore and upto Rs 1500 crore- MBOR+10 bps p.a.
Above Rs 1500 crore to Rs 2000 crore- MBOR+40 bps p.a.
Above Rs 2000 crore and upto Rs 5000 crore- MBOR+70 bps p.a.
Above Rs 5000 crore- MBOR+55 bps p.a.
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