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IDBI, the bank of the country's largest insurance company LIC, has postponed the date of its special FD scheme. This decision has come at a time when RBI has not made any change in the repo rate for the 7th consecutive time. Policy rates in the country remain at a high level of 6.50 percent.

According to the website of IDBI Bank, the bank has extended the validity date of Special Utsav FD by 300 days, 375 days, and 444 days. According to the bank, earlier the timeline of these special FDs was March 31, 2024, which has been extended to June 30, 2024. Let us also tell you how much return investors are getting on special FD at present.

Utsav FD 300 days-
  The bank gives 7.55 percent interest on this FD to senior citizens. The bank offers an interest rate of 7.05 percent to regular, NRE, and NRO customers under the 300-day Amrit Mahotsav FD scheme. Besides, it also provides a facility for premature withdrawal and closure.

Utsav FD 375 days-
The bank gives 7.60 percent interest on this FD to senior citizens. The bank offers 7.10 percent interest to regular, NRE, and NRO customers under the Amrit Mahotsav FD Scheme for 375 days. Additionally, premature withdrawals and closures are also allowed.

Utsav FD 444 Day-
Under this scheme, the bank offers an interest rate of 7.25 percent to regular, NRE and NRO customers. The bank gives 7.75 percent interest to senior citizens for this scheme.

Special features of Special FD-
A special FD of 300 days is not applicable for NRE deposits.

Pre-mature withdrawal/closure is permitted.

Employee and senior citizens rates will not be applicable on NRO and NRE fixed deposits.

All other features and terms and conditions of Fixed Deposit will remain unchanged and will be applicable for the above scheme also.

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