There is good news for those investing in Fixed Deposit (FD) schemes. Those who deposit money in this bank will now get higher interest. IDBI Bank has extended the deadline for Special Fixed Deposit Scheme. IDBI Bank has launched a special scheme called Amrit Mahotsav FD to offer its customers fixed deposits of 375 days and 444 days. Its last date is September 30. But now its deadline has been extended by another month.
The Amrit Mahotsav FD scheme
IDBI Bank has launched a special scheme called Amrit Mahotsav FD to offer its customers fixed deposits of 375 days and 444 days. The scheme is available to both regular and senior citizens. The interest rates offered under the scheme are as follows:
Interest rate for regular customers
375 / 444 days
7.10% / 7.15%
Interest rate for senior citizens
7.65% / 7.65%
The Amrit Mahotsav FD scheme is a limited-time offer and is available till October 31, 2023. Customers can open an Amrit Mahotsav FD at any IDBI Bank branch or through the bank’s online banking platform.
Benefits of investing in IDBI Bank Amrit Mahotsav FD,
Higher interest rates than regular FDs: The Amrit Mahotsav FD scheme offers higher interest rates than regular FDs of the same tenure.
Flexible tenures: The Amrit Mahotsav FD scheme is available in two tenures, 375 days and 444 days. This gives customers the flexibility to choose a tenure that suits their needs.
Premature withdrawal facility, Customers can withdraw their deposits prematurely from the Amrit Mahotsav FD scheme, but they will have to pay a penalty.
Loan facility: Customers can avail a loan against their Amrit Mahotsav FD.
Overall, the IDBI Bank Amrit Mahotsav FD scheme is a good option for investors who are looking for a short-term investment with attractive returns.