What is FD interest rate in IDBI?

What is FD interest rate in IDBI?

IDBI Bank NRO FD Rates

Tenure Interest Rate for General Public (p.a.)
91 days to 6 months 3.50% p.a.
6 months 1 day to 270 days 4.30% p.a.
271 days to up to less than 1 year 4.30% p.a.
1 year 5.05% p.a.

Is IDBI Bank safe for FD?

Thus, IDBI Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the bank is. Loan against FD: The investment made in an FD scheme is not only a reliable investment option but can also act as an asset.

Is IDBI private or government bank?

Private Sector Bank
The Bank was categorized as a ‘Private Sector Bank’ for regulatory purposes by the Reserve Bank of India with effect from 21 January 2019 consequent upon Life Insurance Corporation of India acquiring 51% of the total paid-up equity share capital of the bank.

Which bank gives highest interest rate on FD for 5 years?

Best Interest Rates for 5-Year Fixed Deposits Below Rs.2 Crore in India

Best FD Rates for 5 years
Bank/Company Regular Interest Rates (per annum) Senior Citizen Interest Rates (per annum)
SBI Bank FD 5.50% 6.30%
Equitas Small Finance Bank 5.25% 5.75%
Axis Bank FD 5.75% 6.50%

Which is better SBI or IDBI?

IDBI Bank has an average customer ratings of 4.3, while SBI has an average customer rating of 4.2, based on which it is clear that IDBI Bank has a high customer service focus, an easy Home Loan process and a quick turnaround.

Who is the owner of IDBI?

Life Insurance CorporationIDBI Bank / Parent organization

Is IDBI Bank a National Bank or not?

No. IDBI is not a nationalised bank it is at par with other nationalised banks and have been categorised as PSB. The govt and LIC owns a major stake () around 80%) in this bank and this bank can be termed as GOI owned bank but definitely not a nationalised bank. 530 views

Is IDBI is private or government bank?

The RBI, on Thursday, said that IDBI Bank has been categorised as a private sector bank for regulatory purposes with effect from January 21, 2019. This follows Life Insurance Corporation of India…

Is IDBI now a private bank?

It came as a surprise to many when on March 14, 2019, the RBI categorised IDBI Bank as a private bank with retrospective effect from January 21, 2019. Technically speaking, it could be termed a public sector bank (PSB) as the Central government and LIC together own more than 94 per cent equity of the bank.

Which bank is better SBI or IDBI for savings account?

Though HDFC gives better services but first of all have a look at their service charges.

  • Their offer looks lucrative but you must read their terms and conditions&search about hidden charges.
  • If you are premium customer with premium account all kinds of bank will serve you the best but if you are normal customer,I think SBI will serve you better.