Interest Rates on FD, Feb 2017

Fixed Deposit Interest Rate of

Last Updated 27th Feb 2017
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  • offers FD interest rates upto % per annum.
  • Interest on deposits with is typically compounded .
  • accepts deposits starting at Rs. for various tenures.
  • For senior citizens (age more than 60 years), offers higher interest rate over and above rates mentioned below.
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FD Maturity Amount

Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, .

Loan against FD

  • offers loan upto % against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with , you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of in your city - Find Branches here

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News - Feb 2017
27th Feb 17 IDBI Bank is set to receive Rs. 3,000 crore bailout package from government
The Central Government of India is set to invest Rs. 3,000 crore in IDBI Bank as a bailout package. The infusion of funds is expected to help the bank in maintaining its capital adequacy ratio and revive its falling credit growth. Earlier the bank has received approval from board of directors to divest some of its non core activities through which the bank expects to raise Rs. 5,000 crore.
27th Feb 17 Private Equity Firm True North plans to buy major stake in Home First Finance Company for Rs. 600 crore
Private equity firm, True North is likely to buy a major stake in a mortgage firm Home First Finance Company (HFFC) for Rs. 600 crore. True North is expected to invest half of the amount in the company and remaining funds will be paid to the existing shareholders of the company. HFFC primarily deals in providing affordable home loans to low and middle income customers who are first time home buyers.
27th Feb 17 Piramal ties up with CDPQ for realty investments in five major Indian cities
Piramal Enterprises have entered into strategic partnership with Ivanhoe Cambridge, subsidiary of CDPQ, to provide equity capital to residential developers across five major Indian cities. The funds will be invested in select developers with demonstrated execution track record, focus corporate governance and ability to generate strong returns. The investment fund is likely to be focused on the real estate projects in Mumbai, Delhi NCR, Bengaluru, Chennai and Pune.
27th Feb 17 Indian gold hits four months high on global cues
Gold prices rose by Rs. 325 to cross the Rs. 30,000 mark and reached Rs. 30,175 per 10 grams in the bullion market on 25th February, 2017. Globally, gold prices rose by 0.61 percent to 1,256 dollars an ounce on 25th Feb. As per the gold experts, price rise is driven by higher gold demand by local jewellers to meet the ongoing wedding season gold demand from customers in India.
27th Feb 17 Asian Development Bank signs loan agreement with India for Industrial Corridor
India and Asian Development Bank has signed a loan agreement of 375 million dollars to develop a Chennai industrial corridor of 800 km. ADB in its statement have said that they have sanctioned a total of 500 million dollars loan to develop key infrastructure in main four centers of Vishakhapatnam, Kakinada, Amaravati and Yerpedu in Andhra Pradesh in the proposed corridor. Out of the total funds, 125 million dollars will be utilised for capacity building of institutions engaged in corridor management and to support developmental activities of industries.
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