IDBI Bank – A Govt owned bank , started in the year 1964 is currently celebrating Golden Jubilee year and have recently introduced Golden Jubilee Freedom Deposits for limited period – started from Oct 01,2013 to Dec 31,2013.
IDBI Bank Golden Jubilee deposits are available for periods of 500 Days and 50 months and depositor will get some better rate of interest than usual rates.
Interest rates :
| Period | General Public | Maturity of Rs.1 Lakh | Senior Citizens | Maturity of Rs.1lakh |
| 500 Days | 9.40% | 113,573 | 9.90% | 114,335 |
| 50 Months | 9.25% | 146,378 | 9.75% | 149,388 |
Other nationalized banks offer fixed deposit rates around 9% and 9.25-9.50% for senior citizens … if any one is looking to invest some big amount .. some higher interest rate can make a significant change and choice of IDBI – Golden Jubilee can be a good option.
