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IDBI Bank offers Freedom Deposit offer from Oct 1

The limited period offer, from October 1st to December 31, 2013 comes with two special buckets, namely 500 days and 50 months

September 30, 2013 3:45 IST | India Infoline News Service
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 1st to December 31, 2013 comes with two special buckets, namely 500 days and 50 months.

The interest rate for deposit for 500 days will be 9.4%, and for senior citizen is 9.9% annually. The interest rate for deposits for 50 months is 9.25%, and for senior citizen is 9.75% per annum.

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’.

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