IDBI Bank cuts deposit rates for various buckets from today
Wednesday, April 5, 2017, 10:55 PM
IDBI Bank has lowered interest rates on retail term deposits by 0.5% for maturity between 31 days to up to 2 years. New rates on these deposits range from 4.50% to 6.40%. For senior citizens, the new rates will be ranging from 4.5% to 6.90%. On recurring deposits of regular customers, rates are slashed by 0.50-0.75% for 1 year to up to 10 years.