The Hindu Business Line : IDBI new deposit scheme

IDBI has launched a 360-days term deposit scheme under `IDBI Suvidha Plus Fixed Deposit (ISPFD)', offering an interest rate of 9 per cent per annum, effective March 2. The bank has increased the interest rate on the 800-days FD scheme by 50 basis points to 9.5 per cent per annum. However, the rate on 300-days FD scheme remains unchanged at 8.5 per cent. "Senior Citizens, as usual, will continue to enjoy 50 basis points higher interest rate on their investments in all the three ISPFD schemes," said a press release by IDBI.

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