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IDBI Bank has upped retail term deposit rates by 25-150 basis points across select maturities with effect from March 12.
The maximum increase is in the case of short-term deposits of up to 90 days. Deposits in the 15-30 days tenor and 31-45 days tenor now earn 5.75 per cent each against 4.25 per cent and 4.50 per cent, respectively.
Deposits in the 46-60 days tenor and 61-90 days tenor fetch 6.25 per cent each against 5 per cent and 5.25 per cent, respectively. A deposit placed for 91 days to six months gives a return of 6.25 per cent (6 per cent earlier).
In the greater than two years and less than three years tenor and three years to less than five years tenor, the bank has increased the interest rate to 6.50 per cent each from 6.25 per cent for both tenors earlier.
A five-year deposit, including the tax-saving FD, now fetches 6.50 per cent (6 per cent earlier).
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