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Private sector bank launches festive offers on fixed deposits

Mumbai: Leading private sector bank in the country, IDBI launched ‘Amrit Mahotsav Fixed Deposit’  scheme. The new FD of 555 days will get an interest rate of 6.90%.  IDBI provides a 6.40% interest rate on the ‘Amrit Mahotsav FD’ programme to the general public and a 6.90% interest rate to senior citizens.

Also Read: Private sector bank hikes fixed deposit interest rates 

The private lender has also raised its interest rate offerings on term deposits across a range of maturity periods.  The interest rate on a 1-year deposit has climbed to 6.75%. 2-year fixed deposit will attract  6.85% interest rate. This special limited-time offer will runs through the end of December 2022.


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