IDBI Bank revises Deposit Rates

http://www.bonazcapital.com/

IDBI Bank has reduced the interest rates on Retail Term Deposit (RTD) by 50 bps for the maturity bucket ‘31 days upto 2 year’ and by 75 bps under all maturity buckets from ‘above 2 years onwards upto 20 years’.
The mark-up for Senior Citizens at 50 bps over the Card rate would be available for deposits of maturity of 1 year and above. The revision is effective April 5, 2017.

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