I was thinking of opening a FD in IDBI bank.
I looked on the interest rate provided by them on this link.
http://www.idbi.com/interest-rates.asp
6 months 1 days |
8.75 |
6 months 2 days to 499 days |
9.10 |
What I did not understand is that why they have a different scheme for 6months 1 days?
Bcoz anyone who will wants to book for that can go for 6 months 2 days. and earn .35 interest more.
Why they make it differently?