Key Takeaways
- IDBI Bank has launched a special fixed deposit product called IDBI Chiranjeevi–Super Senior Citizen FD for super senior citizens aged 80 years and above.
- The product offers attractive interest rates, with a peak rate of 8.05 percent p.a. for a 555-day tenure.
- IDBI Bank’s Deputy Managing Director Sumit Phakka said, “This product provides a safe and secure investing option for super senior citizens, guaranteeing their financial security and peace of mind.”
Kolkata: 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.”
