Assignment 1 : Understanding Financial Statements

IDBI Bank
Interest rates

current account ​: no interest rates

Savings account :

Savings Balance Rate of interest

Upto 25 Lakhs 3.00%

Above 25 lakhs and less than 50 Lakhs 3.00%

Above 50 Lakhs 3.50%

Fixed deposit (with tenure) :

Tenure FD Interest rates FD interest rates (senior

citizen)

7 days to 30 days 2.90% 3.4%

31 days to 45 days 3.00% 3.50%

46 days to 90 days 3.25% 3.75%

91 days to 6 months 3.90% 4.40%

6 months 1 day to 1 year 4.40% 4.90%

1 year 5.00% 5.50%

1 year 1 day to 10 years 5.10% 5.60%