Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • PM Modi in Manipur
  • Charlie Kirk killer
  • Sushila Karki
  • IND vs PAK
  • India-US ties
  • New human organ
  • Downton Abbey: The Grand Finale Movie Review
fp-logo
Thins bank is offering up to 7.6% interest on Amrit Mahotsav Deposit scheme; details here
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • Thins bank is offering up to 7.6% interest on Amrit Mahotsav Deposit scheme; details here

Thins bank is offering up to 7.6% interest on Amrit Mahotsav Deposit scheme; details here

FP Trending • December 27, 2022, 12:43:49 IST
Whatsapp Facebook Twitter

The general/ Non-Resident External (NRE)/ Non-Resident Ordinary (NRO) citizens will earn a 7.1 percent rate on the Amrit Mahotsav Deposit scheme

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Thins bank is offering up to 7.6% interest on Amrit Mahotsav Deposit scheme; details here

This is one of the best times to invest in fixed deposit schemes offered by banks. It is because banks across India have been increasing interest rates on their term deposits. This cycle of deposit rate hike began when the Reserve Bank of India (RBI) started to hike the repo rate in May. Recently, the RBI hiked the repo rate by 35 basis points (bps) to 6.25 percent on 7 December 2022. The Industrial Development Bank of India (IDBI) has also recently hiked its fixed deposit rates following the latest repo rate hike. It is also offering attractive returns on its Amrit Mahotsav Deposit scheme. IDBI is now offering up to 7.6 percent interest rate on its 700-day Amrit Mahotsav Deposit scheme. The revised rates came into effect from 26 December. It should be noted that the offer is valid only for a limited period of time. However, IDBI Bank has not mentioned the deadline for the same in its press release. The 7.6 percent interest rate will only be offered to senior citizens. General/ Non-Resident External (NRE)/ Non-Resident Ordinary (NRO) citizens will earn 7.1 percent returns on this FD scheme. The Amrit Mahotsav FD scheme with a tenure of 555 days is offering an interest rate of 7 percent to the general/ NRE/NRO citizens. On the other hand, the senior citizens can earn a return of 7.5 percent for the same tenure. General terms and conditions for the Amrit Mahotsav FD scheme:

  • Staff and Senior Citizen Rates are not applicable on NRO and NRE term deposits.
  • Premature withdrawal/closure is permitted in this FD scheme.
  • Naman Senior Citizen rates are not allowed in the scheme.
  • All the other features of term deposit, along with terms and conditions, are going to remain unchanged, and are applicable for this scheme as well.

IDBI Bank FD rates IDBI Bank had revised the interest rates on its term deposits of less than Rs 2 crore on 19 December. With the latest revision, the interest rates for regular citizens now stands between 3 percent and 6.75 percent for tenures ranging between seven days to 10 years. The bank is providing interest rates ranging between 3.5 percent and 7.5 percent to senior citizens on the FDs of the same tenure. IDBI Naman Senior Citizen Deposit Senior citizen customers will earn an enhanced interest rate of 0.25 percent over and above the existing additional rate of 0.5 percent per year. The rates came into effect on 20 April this year. Read all the Latest News , Trending News ,  Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.

Tags
IDBI Bank Amrit Mahotsav Deposit scheme IDBI FD scheme
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.

More Impact Shorts

Top Stories

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

As Russia pushes east, Ukraine faces mounting pressure to defend its heartland

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Why Mossad was not on board with Israel’s strike on Hamas in Qatar

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV