IDBI Fixed Deposit: IDBI Bank offers up to 7.60% interest on Fixed Deposits for 700 days only as a limited period offer.
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IDBI Bank Fixed Deposit: If you invest then you have a good chance to invest in Fixed Deposit Scheme of IDBI Bank. Because IDBI Bank has increased its FD interest rates. IDBI Bank now offers interest on tenure of 700 days. As per the bank’s press release, IDBI Bank offers 7.60% interest on Retail Amrit Mahotsav Deposit. IDBI Bank interest rate on deposits (interest rates) has been increased and now the increased interest rates will be effective from December 26, 2022. Offers up to 7.60% interest on Fixed Deposits for 700 days only as a limited period offer.
Earlier, the bank had increased the interest rate on fixed deposits of less than Rs 2 crore with effect from 19 December. Post revision, the bank is currently offering interest rates on deposits maturing in 7 days to 10 years which ranges from 3.00% to 6.25% for general public and 3.50% to 7.00% for senior citizens.
For senior citizens, IDBI Bank offers Naman Senior Citizen Deposit Special Retail Fixed Deposit Scheme. The previous end date of this program was set as December 31, 2022. However, IDBI Bank has now extended it till March 31, 2023. The government has extended the deadline for submission of preliminary bids for the privatization of IDBI Bank till January 7.
Banks want to sell 60.72 percent
The government and Life Insurance Corporation (LIC) hold 94.71 per cent stake in IDBI Bank and are looking to sell 60.72 per cent in the state-owned bank. The last date for submission of Expression of Interest (EOI) or preliminary bid was December 16. The successful bidder will have to make an open offer to acquire 5.28 per cent of the public shareholding.
English News Headline : IDBI Bank Offers Interest Rate on Retail Amrit Mahotsav Deposit Scheme.
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