IDBI Bank revises Base Rate, BPLR and Interest Rates on Deposits
Posted On:Tenor |
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Upto Rs.15 lakh |
Above Rs.15 lakh upto Rs.1 cr |
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Existing |
Revised w.e.f August 1, 2011 |
Existing |
Revised w.e.f August 1, 2011 |
15-45 days |
4.50 |
6.00 |
4.50 |
6.00 |
46-90 days |
7.00 |
7.00 |
4.50 |
6.00 |
46-90 days |
7.00 |
7.00 |
7.00 |
7.00 |
91 days < 6 months |
7.75 |
8.00 |
7.75 |
8.00 |
6 months- 269 days |
8.25 |
9.00 |
8.25 |
9.00 |
270 days- 1 year |
9.00 |
9.25 |
9.00 |
9.25 |
1 year 1 day-499 days |
9.25 |
9.50 |
9.25 |
9.50 |
500 days |
9.50 |
9.50 |
9.50 |
9.50 |
>500 days -5 years |
9.25 |
9.50 |
9.25 |
9.50 |
> 5 yrs-7 yrs |
9.25 |
9.50 |
9.25 |
9.50 |
>7 yrs – 10 yrs |
9.25 |
9.50 |
9.25 |
9.50 |
Tax Savings Suvidha (5 years lock in ) |
9.25 |
9.50 |
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Additional Interest rate for Senior citizens is 50 - 75 bps above the normal interest.
In response to increase in cost of funds/deposits and keeping in
view the market conditions, IDBI Bank also reviewed its Base Rate and
BPLR and decided to increase both Base Rate and BPLR by 75 bps each to
10.75 % and 15.25 % respectively. The revised Base Rate and BPLR will
be effective from August 1, 2011.
Comments : |
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