IDBI Bank has extended the date for the Utsav Callable Fixed Deposit Scheme, which has offered its customers extra time to invest in the scheme.
Saloni Kumari | Apr 4, 2025 |
IDBI Bank Increases Special FD Interest Rate to 8.05%, Extends Utsav Callable FD Scheme Until This Date
Industrial Development Bank of India (IDBI), a leading private lender, has extended the date for the Utsav Callable Fixed Deposit Scheme, which has offered its customers extra time to invest in the scheme.
The scheme is covered under multiple tenure options of 300 days, 444 days, 555 days, and 700 days, which allows depositors to choose the duration of the scheme as per their needs and financial goals.
The bank, however, has not made any amendments to the earlier interest rates. This means the interest rates on these special deposit schemes will stay the same, giving stability to investors who have already invested in fixed deposits (FDs). Customers, including regular investors, senior citizens, and super senior citizens, will keep earning the same good interest rates that were offered earlier for each term of tenure.
The extended last date to invest for the IDBI Utsav Callable fixed deposit scheme is April 30, 2025, as announced by the Industrial Development Bank of India (IDBI).
The distinct interest rates offered under various tenure periods of Utsav Callable Fixed Deposit are as follows:
The interest rates for the IDBI Bank’s Utsav Callable Fixed Deposit scheme change as per the distinct tenure periods of the scheme and the category of the depositor.
In the Scheme of 300 days, the general depositor is offered an interest rate of 7.05%; senior citizens and super senior citizens are provided a slightly higher interest rate of 7.55%. In the Scheme of a 375 days deposit, it pays an interest rate of 7.25% to General depositors, 7.75% to senior citizens, and 7.90% to super senior citizens.
The fixed deposit with the tenure period of 444 days provides an interest rate of 7.35% to general depositors, 7.85% to senior citizens and 8% to super senior citizens.
Under this scheme, customers are also offered a prelature withdrawal facility, which means that if they want, they can withdraw their deposited money even before the maturity period.
| Special Buckets | General/NRE/NRO | Senior Citizens | Super Senior Citizens (January 13, 2025) |
| 300 Days | 7.05% | 7.55% | 7.55% |
| 375 Days | 7.25% | 7.75% | 7.90% |
| 444 Days | 7.35% | 7.85% | 8.00% |
| 555 Days | 7.40% | 7.90% | 8.05% |
| 700 Days | 7.20% | 7.70% | 7.85% |
| Retail Term Deposits (<3 Cr) | ||
| Maturity Slab | General Customers | Sr. Citizen |
| 0-6 Days | NA | NA |
| 07-30 Days | 3.00% | 3.50% |
| 31-45 Days | 3.25% | 3.75% |
| 46-60 Days | 4.50% | 5.00% |
| 61-90 Days | 4.75% | 5.25% |
| 91 Days to 6 Months | 5.50% | 6.00% |
| 6 Months 1 Day to 270 Days | 6.00% | 6.50% |
| 271 Days to <1 Year (except 300 Days) | 6.25% | 6.75% |
| 1 Year to 2 Years (except 375 Days, 444 Days, 555 Days and 700 Days) | 6.80% | 7.30% |
| >2 Years to <3 Years | 7.00% | 7.50% |
| 3 Years to 5 Years | 6.50% | 7.00% |
| >5 Years to 10 Years | 6.25% | 6.75% |
| >10 Years to 20 Years | 4.80% | 5.30% |
| Tax Saving FD (5 Years) | 6.50% | 7.00% |
In case of any Doubt regarding Membership you can mail us at contact@studycafe.in
Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"
