IDBI Bank to pay 9.25-9.40% interest
For 500-day special deposit scheme the bank is offering 9.40% interest
 "IDBI Bank to pay 9.25-9.40% interest")
IDBI Bank has introduced two special deposit schemes where it is offering interest at 9.25-9.40% rate to regular customers. The state-run lender will offer 50 basis points more interest on these deposits to senior citizens.
"IDBI Bank, in its 50th year that began on July 1, 2013, is introducing a special golden jubilee freedom deposit scheme to commemorate the landmark. The limited period offer, from October 1 to December 31, 2013 comes with two special buckets, namely 500 days and 50 months," the public sector bank said in a statement.
For 500-day special deposit scheme the bank is offering 9.40% interest while for 50-month deposit it is paying interest at 9.25%.
The bank has not changed its existing interest rates in other deposit buckets.
"IDBI Bank, in its 50th year that began on July 1, 2013, is introducing a special golden jubilee freedom deposit scheme to commemorate the landmark. The limited period offer, from October 1 to December 31, 2013 comes with two special buckets, namely 500 days and 50 months," the public sector bank said in a statement.
For 500-day special deposit scheme the bank is offering 9.40% interest while for 50-month deposit it is paying interest at 9.25%.
The bank has not changed its existing interest rates in other deposit buckets.