IDBI Bank has announced a hike in interest rates for its Utsav Fixed Deposit scheme, making it a more appealing option for those looking to maximize their savings.

The revised rates now offer 7.85% per annum for a 444-day tenure and 7.75% per annum for a 375-day tenure. These enhanced rates are available for a limited period, so if you’re considering a fixed deposit, now might be the ideal time to act.

This offer is valid until September 30, 2024, giving you a window to take advantage of these higher returns. Opening an Utsav Fixed Deposit is convenient—you can do so via IDBI Bank’s website, mobile banking app, or by visiting any of the bank’s branches.

Additionally, IDBI Bank continues to provide competitive interest rates on other tenures within the Utsav scheme. For example, the 700-day tenure offers a rate of 7.70% per annum, while the 300-day tenure offers 7.55% per annum.

These revisions underscore IDBI Bank’s commitment to offering attractive investment options that cater to your financial goals. If you’re looking to secure higher yields on your savings, this could be a timely opportunity.