IDBI Bank launched new FD and extended the investment period on special FD

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IDBI Bank FD Rates: IDBI Bank has made changes in its Fixed Deposit (FD) scheme. The bank has launched FDs with new periods and higher interest rates. Also, IDBI Bank has extended the investment deadline in its old special FDs. The deadline for investing in special FDs was 31 December 2024, which has been extended. Now investors will get more time to invest in FDs.

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New 555 days Utsav Callable FD

IDBI Bank has launched Utsav FD with a new period of 555 days from 23 December 2024. This scheme will be valid till 15 February 2025. That is, you can invest in it till 15 February. Let us tell you here that premature withdrawal of money is not allowed in callable FD. Apart from this, the time limit of already running 300, 375, 444 and 700 days special FD schemes has been extended till 31 March 2025.

Utsav FD Interest Rates – For General Citizens

300 days: 7.05%

375 days: 7.25%

444 days: 7.35%

555 days (new plan): 7.40%

700 days: 7.20%

Interest received by senior citizens on FD

300 days: 7.55%

375 days: 7.75%

444 days: 7.85%

555 days (new plan): 7.90%

700 days: 7.70%

IDBI Bank Normal FD Rates

IDBI Bank is offering interest rates ranging from 3% to 7% on normal FDs. These rates apply to deposits less than Rs 3 crore. For senior citizens, these interest rates range from 3.50% to 7.50%. These rates apply to FDs with tenures ranging from 7 days to 10 years. The new rates are applicable from 23 December 2024.

Rules for closing FD before time

As per the rules of IDBI Bank, if the customer closes the FD prematurely, the bank levies a penalty charge of 1%. This charge is also applicable on partial withdrawals and withdrawals through swipe-in.

Special opportunity for customers

There is a new FD of 555 days and an extension of the already running special schemes. Customers are getting higher returns on this. If you are planning to invest in FD, then this time can be beneficial for you. Read the terms and conditions of FD thoroughly before investing.

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