Latest news with #IDBIBank
Scroll.in
11 hours ago
- Business
- Scroll.in
IDBI JAM admit card 2025 released; download link here
IDBI Bank has released the online exam admit card for the recruitment of Junior Assistant Manager (JAM) Grade 'O': 2025-26. Eligible candidates can apply for the posts on the official website The exam will be conducted on June 8, 2025, for a duration of 120 minutes. The paper will consist of 200 questions of 200 marks. The paper will be bilingual, i.e., Hindi and English. The recruitment drive aims to fill 676 JAM posts. Steps to download JAM admit card 2025
Time of India
3 days ago
- Business
- Time of India
Last day to lock in at 9.10% FD rate: This bank to cut fixed deposit interest rates from tomorrow
For fixed deposit investors, today is the last date to book FD at higher rate of up to 9.10% per annum. This is because Suryoday Small Finance Bank announced a revision in FD interest rates effective from June 1, 2025. The revision in FD rates will impact both general public and senior citizen investors. Notably, the bank is currently offering one of the most attractive FD interest rates in the market — up to 9.10% per annum on five-year FD tenure for senior citizens. Special FD interest rate up to 7.8%: IDBI Bank revises FD rates across special deposits, check Utsav FD deadline This highest FD interest rate of 9.10% is applicable for a 5-year deposit tenure and is available only until May 31, 2025. That means investors have just today to take advantage of this high return before the revised, likely lower, rates come into effect. Why banks are revising FD rates now In the recent months, banks are on the spree to revise the FD interest rates. This includes both for their regular FDs and special FDs launched. FD interest rates are revised because the Reserve Bank of India (RBI) has cut the repo rate from the start of 2025. In total, RBI has cut repo rate by 50 basis points. The next policy is on June 6, 2025, where RBI can cut repo rate again due to low inflation. New FD rates from June 1, 2025, for Senior Citizens For senior citizens, the revised FD rates will be between 4.4% and 8.8% per annum, starting June 1, 2025. The highest FD interest rate of 8.8% is offered on tenure above 30 months to 36 months. The bank has uniformly reduced rates by 10 bps across all tenures, while the 5-year FD tenure sees the sharper cut of 70 bps-down from 9.1% to 8.4%. Live Events Till May 31, 2025, the bank offers highest FD interest rate 9.10 % on tenure of 5 Years. New FD rates from June 1, 2025 for general public From June 1, 2025, Suryoday Small Finance Bank will offer interest rates on FDs ranging from 4% to 8.4% for general citizens on deposits below Rs 3 crore. The high FD rate of 8.4% is offered tenure above 30 months to 36 months. The most notable change is in the 5-year FDs, where the interest rate has been reduced by 60 basis points (bps)-from 8.6% to 8%. Till May 31, 2025, the bank offers highest FD interest rate 8.6% on tenure of 5 Years. New rates from June 1, 2025 Period Interest Rate (Per Annum) Senior Citizen Rate (Per Annum) 7 Days to 14 Days 4.00% 4.40% 15 Days to 45 Days 4.25% 4.65% 46 Days to 90 Days 4.50% 4.90% 91 Days to 6 Months 5.00% 5.40% 6 Month 1 Day 7.25% 7.65% Above 6 Month 1 Day to 9 Months 5.50% 5.90% Above 9 Months to less than 1 Year 6.00% 6.40% 1 Year 7.90% 8.30% Above 1 Year to 15 Months 8.00% 8.40% Above 15 Months to 18 Months 8.25% 8.65% Above 18 Months to 2 Years 8.10% 8.50% Above 2 Years to 30 Months 8.15% 8.55% Above 30 Months to 36 Months 8.40% 8.80% Above 3 Years to less than 5 Years 6.75% 7.15% 5 Years 8.00% 8.40% Above 5 Years to 10 Years 7.25% 7.65% FD rates till May 31, 2025 Period Interest Rate (Per Annum) Senior Citizen Rate (Per Annum) 7 Days to 14 Days 4.00% 4.50% 15 Days to 45 Days 4.25% 4.75% 46 Days to 90 Days 4.50% 5.00% 91 Days to 6 Months 5.00% 5.50% 6 Month 1 Day 7.25% 7.75% Above 6 Month 1 Day to 9 Months 5.50% 6.00% Above 9 Months to less than 1 Year 6.00% 6.50% 1 Year* 7.90% 8.40% Above 1 Year upto 15 Months 8.00% 8.50% Above 15 Months to 18 Months 8.25% 8.75% Above 18 Months to 2 Years 8.10% 8.60% Above 2 Years to 30 Months 8.15% 8.65% Above 30 Months to 36 Months 8.40% 8.90% Above 3 Years to less than 5 Years 6.75% 7.25% 5 Years 8.60% 9.10% Above 5 Years to 10 Years 7.25% 7.75%
Time of India
4 days ago
- Business
- Time of India
Special FD interest rate up to 7.8%: IDBI Bank revises FD rates across special deposits, check Utsav FD deadline
IDBI Bank Utsav Fixed Deposit Live Events Special Buckets General/NRE/NRO Senior Citizens 444 Days 7.1 7.6 555 Days 7.15 7.65 700 Days 7 7.5 Latest IDBI Bank FD rates Interest Rate (% p.a.) Retail Term Deposits (< 3 Cr) Maturity Slab General Customers Sr. Citizen 0-6 Days NA NA 07-30 days 3 3.5 31-45 days 3.25 3.75 46- 60 days 4.5 5 61- 90 days 4.75 5.25 91 days to 6 months 5.5 6 6 months 1 day to 270 Days 6 6.5 271 days to < 1 year 6.25 6.75 1 Year to 2 Years 6.8 7.3 (except 444 Days, 555 days & 700 Days) > 2 Years to <3years 7 7.50 3 years to 5 years 6.5 7 >5 years to 10 years 6.25 6.75 >10 years to 20 years$ 4.8 5.30 Tax Saving FD 5 Years 6.5 7 IDBI Chiranjeevi-Super Senior Citizen FD Special Buckets Senior Citizens 444 Days 7.75 555 Days 7.8 700 Days 7.65 IDBI Bank has announced revision of its interest rates across key deposit products, including regular fixed deposits (FDs), the special Utsav Fixed Deposit scheme, and savings bank accounts. The updated rates have come into effect from May 16, special Utsav Callable FD tenures of 444, 555, and 700 days offer high interest rates The rates are:444 days: 7.10% (general), 7.60% (senior)555 days: 7.15% (general), 7.65% (senior)700 days: 7.00% (general), 7.50% (senior)The above rates are effective till June 30, read: Highest FD returns: SBI, HDFC, ICICI and Canara Bank, which one gives the maximum interest on Rs 5 lakh deposit Note that the Utsav FD tenures of 300 days and 375 days have been discontinued from April 16, the bank was offering 7.25% on 444-day tenure for general citizens, 7.75% for senior citizens. On a tenure of 555 days, the bank offers 7.3% for general citizens and 7.8% for senior Bank has also revised its term deposit interest rates for deposits less than Rs 3 crore. After revision, the bank offers FD interest rate between 3% and 7% (excluding special deposits) for general citizens. For senior citizens, the bank offers between 3.50% and 7.50% for tenures between 7 days and 10 years. The revised rates are effective from May 16, tax-saving FDs with a 5-year lock-in period, the interest stands at 6.50% for general customers and 7.00% for senior Chiranjeevi-Super Senior Citizen FD exclusive for resident individuals aged 80 years. Super senior citizens investing in a tenure of 444 days, the interest rate offered is 7.75% per annum. Interest rate for the 555-day deposit can earn a return at 7.80%, while the 700-day deposit offers an interest rate of 7.65% per May 16, 2025, interest rates on savings bank account balances have been revised. For balances up to Rs 1 lakh, the rate remains 2.70% per annum. Balances above Rs 1 lakh and up to Rs 5 crore will earn 2.75% p.a. Accounts holding between Rs 5 crore and Rs 100 crore will now earn 3.25% balances exceeding Rs 1,000 crore, floating interest rates linked to MIBOR (Mumbai Interbank Offered Rate) will apply starting June 1, 2025. The applicable rates vary as follows:Rs 1,000–1,500 crore: MIBOR +10 bpsRs 1,500–2,000 crore: MIBOR +40 bpsRs 2,000–5,000 crore: MIBOR +70 bpsOver Rs 5,000 crore: MIBOR +55 bpsNote that MIBOR-linked interest will apply to the entire balance above Rs 1 lakh if the end-of-day balance exceeds Rs 1,000 crore.
United News of India
24-05-2025
- Business
- United News of India
Telangana CM Revanth Reddy seeks 800 more EV buses for Hyderabad
South New Delhi/Hyderabad, May 24 (UNI) Telangana Chief Minister A Revanth Reddy has requested Union Heavy Industries Minister HD Kumaraswamy to allocate an additional 800 electric buses (EVs) to Hyderabad under the PM-E Drive scheme. The request comes in light of the growing public transport needs of the city. In a meeting held in Delhi on Saturday, CM Revanth Reddy highlighted that 2,000 EV buses had already been sanctioned for Hyderabad. However, considering the increasing urban demand, he urged the Centre to extend the allocation by 800 more buses. The Chief Minister also proposed adopting a hybrid Gross Cost Contract (GCC) model to ensure that Telangana RTC drivers and mechanics are involved in operating and maintaining these buses, thus preserving local employment. Revanth Reddy further pointed out the successful retrofitting of a diesel RTC bus in Hyderabad, which is already running on electric power. He appealed to the Union Minister to support the retrofitting of more existing diesel buses to EVs, promoting both sustainability and cost-efficiency, an official statement said. UNI VV RN More News Telangana: One more IDBI Bank official arrested in loan fraud case 25 May 2025 | 1:39 AM Hyderabad, May 24 (UNI) The CID has arrested one more IDBI official, presently working in Mumbai, in connection with the IDBI Bank loan fraud case of Sattupaly branch in Khammam District. see more.. AP: Visakhapatnam Port Authority facilitates study tour for IAS trainee officers 25 May 2025 | 1:31 AM Visakhapatnam, May 24 (UNI) As part of the 127ᵗʰ Induction Training Programme for officers promoted from State Civil Services to the Indian Administrative Service (IAS), the Visakhapatnam Port Authority (VPA) organised a launch drive and exposure visit here on Saturday for the trainee officers who visited the city. see more.. AP: TTD prepares action plan for NRIs to participate in Srivari Seva 25 May 2025 | 1:15 AM Tirumala, May 24 (UNI) Tirumala Tirupati Devasthanam (TTD) Executive Officer J. Syamala Rao has prepared an action plan to develop 'Srivari Seva' overseas also as per the instructions of Chief Minister N Chandrababu Naidu. see more.. Kerala's annual public expenditure likely to touch Rs 2,00,354 crore in 2025-26 25 May 2025 | 1:12 AM Thiruvananthapurm, May 24 (UNI) Kerala's average annual public expenditure is expected to touch Rs 2,00,354 crore in 2025-26. see more.. Telangana Cyber Security Bureau cracks data theft case; Four nabbed from AP 25 May 2025 | 1:10 AM Hyderabad, May 24 (UNI) Telangana State Cyber Security Bureau (TGCSB) cracked a cyber fraud of Data theft case by arresting four accused, all below 29 years, hailing from Andhra Pradesh, a police release said here on Saturday. see more..
The Hindu
24-05-2025
- The Hindu
Another arrested in ₹2.86 crore IDBI Bank loan scam
The Telangana Crime Investigation Department (CID) has arrested another accused in connection with a multi-crore loan fraud case involving IDBI Bank's Sathupally branch in Khammam district. This brings the total number of arrests in this case to eight, as part of the probe into fraudulent loans worth approximately ₹2.86 crore sanctioned under the guise of agricultural and micro-lending schemes, using forged documents. The accused, identified as Bukya Suresh, 37, is presently employed as a manager at IDBI Bank's Mumbai CBD Belapur office branch, was arrested on May 23. He had previously served as the Assets Officer at the Sathupally branch in Telangana. The case came to light following a complaint lodged by PH Hashim, Deputy General Manager and Regional Head of IDBI alleging that the former IDBI branch manager, Nallagopula Ramesh and ex-business correspondent, Chettipogu Suresh colluded with others to sanction ₹2.61 crore in Kisan Credit Card loans to 279 beneficiaries and another ₹25 lakh in micro loans to 26 individuals between March 2015 and September 2016. Furthermore, an internal audit flagged the suspicious transactions between the duo along with procedural lapses. Subsequent verification by Revenue authorities confirmed that the pattadar passbooks submitted as part of the loan documentation were counterfeit and did not match official land records. A case was registered by CID under multiple sections including cheating, forgery, and criminal conspiracy. Both Ramesh and Suresh were previously arrested and remanded earlier in May.
