Mumbai : IDBI Bank has revised the interest rates upward on Term deposits across various tenors with effect from August 22, 2022. The Bank is now offering the highest rate of 6.55% on select tenors. The Bank has also introduced a limited period special 500 days deposit under the AmritMahotsav FD scheme, offering a peak rate of 6.70%. The AmritMahotsav offer is a limited offer available upto September 30, 2022.
Further, a special bucket of 500 days for US Dollar designated FCNR (B) deposits is also introduced offering a peak rate of 3.63%.