Great News for Savers Before Navratri! FD Interest Rates Boosts by This Bank

FDs are like a cozy savings blanket: you lock in your money for a set time, and the bank pays you interest. With rates going up, your money works harder for you. No stock market drama – just steady, guaranteed growth. And guess what? Seniors get an extra boost!

New FD Rates at a Glance

These rates apply to deposits under ₹3 crore. Here's a quick table to see how much you can earn (per year):

Time Period	Regular Rate (%)	Senior Rate (%)
7-30 days	3	3.5
31-90 days	4.25	4.75
91 days-6 months	5.5	6
6 months-1 year	6	6.5
1-3 years	6.55	7.05
3-5 years	6.35	6.85
5-10 years	5.95	6.45

The sweet spot? 1-3 years at 6.55% for everyone, and a whopping 7.05% for seniors. That's like getting a bonus on your savings!

Spotlight on Special Schemes

IDBI isn't stopping there – they've got fun-themed FDs too!

• Utsav FD (Festival Special): Extended till March 31, 2026! Pick from 444 days, 555 days, or 700 days. Regular folks get 6.50% to 6.65%, while seniors score 7.00% to 7.15%. Ideal for that Diwali fund.
• Cheeranjivi FD (For Super Seniors): New launch for folks 80+ years old. Lock in for 555 days and earn up to 7.30%. Because why not pamper the elders with the best rates?

No minimum deposit hassle mentioned – just park your money and relax.

Quick Tips to Get Started

• Early Bird Wins: Rates are locked when you open the FD, so act fast!
• Watch the Catch: Break it early? Lose 1% interest as a fee.
• How to Open: Swing by an IDBI branch or use their app – easy peasy.
• Pro Tip: Seniors, double-check your extra 0.50% perk.

This is a win for all – safe, simple, and now more rewarding. Got plans for your FD bucks? Share in the comments! For the full scoop, head to IDBI's site.

Note: Rates can be tweaked anytime, so verify before investing.