IDBI Bank increases interest rates on Utsav FD Scheme to peak 7.85%

Quick Summary:

Deposits with 444-day tenure will earn 7.85 per cent interest per annum, while those opting for a 375-day term can enjoy a 7.

The new interest rates are part of a limited-time offer available until September 30, 2024.

Analysts earlier suggested that as interest rates continue to be a crucial factor for savers and investors, this enhancement is likely to be well-received in the market.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Fixed deposit rates Financial Planning Utsav Fixed Deposit Investment options Fixed deposit Personal finance Savings Utsav FD Scheme interest rates IDBI bank Utsav FD Investments Interest rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 16:12:53 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 298 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22175735

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