In the case of the next six maturity slabs, starting from more than two years to less than three years and more than 10 years and up to 20 years, IDBI Bank has effected a steeper rate cut of 75 basis points. Deposits in these maturity slabs will fetch a uniform interest rate of 6% compared with 6.75% earlier.
- IDBI Bank reduced deposits rates by up to 75bps
- IDBI Bank headquarter is in Mumbai
- MD & CEO of IDBI Bank is Mr. Mahesh Kr. Jain