IDBI Bank has introduced a Festive Offer on its “Amrit Mahotsav” deposits. TheBank has announced a peak rate of 6.90% for a special bucket of 555 days as a limited period offer. The Bank has also increased its interest rate offers on TermDeposits with effect from October 21, 2022 across various maturity buckets. The interest rate on 1 year deposit has been raised up to 6.75%, whereas the two year bucket is now offered with a peak rate of 6.85%.