IDBI Bank has introduced a special ‘Golden Jubilee Freedom Deposit’ scheme to commemorate the 50th year landmark. The limited period offer, from October 1 to December 31, 2013 comes with two special buckets, namely 500 days and 50 months. For tenor ranging for 500 days, the bank will pay interest of 9.40% per annum to Regular Customers while it will pay 9.90% per annum for Senior Citizen. Similarly, for tenor ranging for 50 months, the bank will pay interest of 9.25% per annum to Regular Customers while it will pay 9.75% per annum for Senior Citizen.
Besides, there is no change in the existing interest rates in other buckets. All other terms and conditions applicable to IDBI Bank’s Freedom Deposits’ (Retail Term) will also apply to ‘Golden Jubilee Freedom Deposit’.
