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      Question

      Amrit Mahotsav FD scheme is launched for its retail

      investors, offering returns of 7.65% for elderly individuals and 7.15% for the general public. Which bank has launched this scheme?
      A IDFC First Bank Correct Answer Incorrect Answer
      B Union Bank of India Correct Answer Incorrect Answer
      C IDBI Bank Correct Answer Incorrect Answer
      D Kotak Mahindra Bank Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      IDBI Bank has launched the "Amrit Mahotsav FD" scheme for its retail investors, offering returns of 7.65% for elderly individuals and 7.15% for the general public. The bank currently guarantees interest rates on deposits maturing in 7 days to 10 years of 3.00% to 6.25% for the general public and 3.50% to 6.75% for senior citizens.

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