13-Jan-2025 12:59 PM
3740
Kolkata, Jan 13 (Reporter) IDBI Bank has announced the launch of the ‘IDBI
Chiranjeevi–Super Senior Citizen FD,’ a special fixed deposit product
aimed at addressing the financial needs of individuals aged 80 years
and above.
This initiative offers an additional 65 basis points (bps) over the
Bank’s standard Fixed Deposit rates and 15 basis points (bps) over the
Senior Citizen rates.
Peak Interest rate: 8.05 percent p.a. for a 555-day tenure, 7.90 pc
p.a. for 375 days, 8.00 p.a. for 444 days, and 7.85 pc p.a. for 700
days.
Speaking on the launch, Deputy Managing Director at IDBI Bank Sumit
Phakka said, “We are delighted to introduce ‘IDBI Chiranjeevi – Super
Senior Citizen FD’, a product designed keeping the unique needs of
super senior citizens in mind. This offer provides this esteemed
segment with a safe and secure investing option, guaranteeing their
financial security and peace of mind...////...