This private sector bank made this big change! FD interest rates hiked

This private sector bank made this big change! FD interest rates hiked 

IDBI Bank FD Rate Increased The process of adding the interest rates available on Fixed Deposit Rates and Saving Bank Account continues. Now the name of the country’s largest private sector IDBI Bank has also been included in this list. The bank has decided to increase the interest rates of its FD scheme. These new rates have also come into effect from the 14 July 2022. Explain that the bank is offering its guests an interest rate ranging from2.70 to5.75 percent on FDs of 0 to 10 times. 

Significantly, in the month of May and June, the Reserve Bank of India has decided to increase the repo rate to control affectation. At present the repo rate is4.90 percent. Explain that the bank offers0.50 percent advanced interest rate to elderly citizens than the common people. So let us tell you about the interest rate offered by the IDBI Bank on FD- 

 

Interest rate offered by IDBI Bank- 

• 6 day FD-0.00% 

• 7 to 14 days FD-2.70% 

• FD of 15 to 30 days –2.70%

• 31 to 45 days FD-3.00%

• FD of 46 to 60 days-3.25% 

• FD from 61 to 90 days –3.40% 

• FD of 91 to 180 days-4.00% 

• FD from 181 days to 270 days –4.50% 

• FD from 271 days to 1 time –4.50% 

• 1 time FD-5.35% 

• 1 time to 2 times –5.35% 

• 2 to 3 times –5.40% 

• 3 to 5 times –5.75% 

• 5 Time FD-5.75% 

• FD from 5 to 7 times –5.75% 

• FD from 7 to 10 –5.75%

• For further than 10 times –4.80%

 

MCLR rate the bank is offering its guests this important- 

• One Day MCLR-6.90%

• 1 month MCLR-6.95% 

• 3 Months MCLR-7.15% 

• 6 Months MCLR-7.40% 

• 1 time MCLR-7.80% 

• 2 time MCLR-8.35% 

• 3 time MCLR-8.85%