The Utsav Fixed Deposit Scheme’s interest rate has been raised by IDBI Bank. The client will be able to receive more returns on their investment than they did previously. For a limited time, the bank is offering a higher interest rate on money deposited. The current highest interest rate is 7.85 percent annually. A 4.44-day deposit will yield an annual interest rate of 7.85 percent. On the other hand, you will receive 7.75 percent annual interest if you deposit money for 375 days.
This is how you can invest.
The increased interest rates are only going to be accessible through September 30, 2024, so act quickly. There are various ways to open a Utsav Fixed Deposit if you wish to take advantage of this opportunity. You can open such an account by visiting the bank’s website, mobile banking app, or any IDBI Bank branch.
7.70% annual interest for 700 days
In addition to the new interest rate, IDBI Bank stated that under the Utsav Fixed Deposit program, it is also providing favorable interest rates for additional special periods. In particular, you can receive 7.70% annual interest for 700 days. You can receive 7.55% yearly interest for 300 days.
Interest rates are crucial
for investors and savers, according to experts. The market will therefore accept the higher interest rate. It is recommended that prospective investors consider these new interest rates while making investing decisions. Remember that this offer is only valid for a short while.
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