New DelhiOne hour ago
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IDBI Bank has changed the interest rates of fixed deposits. This bank is giving up to 5.25% interest. In this bank you can get FD from 7 days to 20 years. The bank gives an additional 50 bps interest to senior citizens for all tenors. The new rates have come into effect from July 14. We are telling you about the new interest rates.
how much interest will you get now
|Period||New interest rate (in %)|
|7 to 30 days||2.7|
|31 to 45 days||2.8|
|46 to 90 months||3.00|
|91 days to 6 months||3.50|
|6 months to 1 year||4.30|
|1 year 1 day to 3 years||5.10|
|3 years 1 day to less than 5 years||5.30|
|5 to 10 years||5.25|
|10 years 1 day to 20 years||4.80|
The bank had made changes in many charges from July 1
IDBI Bank has made changes in check leaf charge, savings account charge and locker charge from July 1. Now customers will get only 20 pages of check book free of cost every year. After that, for each cheque, customers will have to pay Rs. Apart from this, the bank has also reduced the free limit of cash transactions. Click here for more information
IDFC First Bank will pay interest on savings account every month
IDFC First Bank has launched monthly interest credit facility on all its savings bank accounts. This means that now customers will get the interest amount every month on the savings bank account. The new rule has come into effect from July 1.
According to the rules of RBI, banks send interest on quarterly basis to the accounts of depositors. However, they are free to credit it on a monthly basis. There is no compulsion from RBI in this regard.
Bank gives interest up to 5% per annum
If you maintain less than 1 lakh balance, they are getting 4% interest. Customers who maintain balance between 1 lakh to 10 lakh are getting 4.5% interest, while maintaining account balance above 10 lakh is getting 5% interest.