IDBI Bank extends last date to invest in these special FDs with higher interest rates

IDBI Bank has extended the validity date for special FDs dubbed as Amrit Mahotsav FD for 375 days and 444 days tenure, according to the bank website. It has extended these special fixed deposit deadlines to November 30 from October 31, 2023.

“Festive offer extension of Amrit Mahotsav FD for 375 and 444 days up to October 31, 2023,” stated the IDBI Bank website.

This bank has hiked FD interest rates by up to 1.25%: Check details

Amrit Mahotsav FD 444 days

The bank gives regular, NRE, and NRO customers an interest rate of 7.15% under the Amrit Mahotsav FD scheme of 444 days. The bank gives senior citizens 7.65%. Also, premature withdrawal and closure is allowed.

Amrit Mahotsav FD 375 days

The bank gives older folks 7.65%. The bank gives regular, NRE, and NRO customers an interest rate of 7.10% under the Amrit Mahotsav FD scheme of 375 days. Also, premature withdrawal and closure is allowed.

Special Buckets	General/NRE/NRO	Senior Citizens
375 Days	7.1	7.6
444 Days	7.15	7.65

Latest IDBI Bank FD interest rates

IDBI Bank fixed deposit interest rates range from 3% to 6.80% for FD tenures of between 7 days and 10 years for general citizens and from 3.50% to 7.30% for senior citizens. The rates are effective from September 15, 2023.

Maturity Slab	General Customers	Sr. Citizen
0-6 Days	NA	NA
07-30 days	3	3.5
31-45 days	3.25	3.75
46- 90 days	4	4.5
91-6 months	4.5	5
6 months 1 day to 270 Days	5.75	6.25
271 days to < 1 year	6.25	6.75
1 Year to 2 Years	6.8	7.3
(except 375 Days and 444 Days)
> 2 Years to 5years	6.5	7.00
> 5 years to 10 years	6.25	6.75
>10 years to 20 years$	4.8	5.30
	Tax Saving FD
5 years	6.5	7

IDBI Special Non-callable option FD scheme
IDBI Special Non-callable Option FD plan for 444 days (beginning September 15, 2023) and 1 year a new tenure beginning October 25, 2023. The interest rate structure of special limited period offers of Non-Callable variants in 1 year and 444 days:

Special Bucket	General/NRE/NRO	Senior Citizens
1 Year	7.1	7.6
444 Days	7.25	7.75

According to the website, “Minimum Deposit amount Rs 15,00,001 and maximum amount is less than Rs 2 Crore. The premature withdrawal may be permitted in exceptional circumstance such as in the event of any direction from any judiciary /statutory and / or regulatory authorities or in case of deceased claim settlement.”