IDBI has recently launched ';Suvidha tax saving deposits';. How far they are attractive ?

For a salaried individual, is IDBI ';Suvidha tax saving deposit'; a good bet? They are offering 8.75% interest, 9% for Senior Citizens. Lonk-in period is 5 years.



I do not have a good idea about the credibility of IDBI bank. Will my money remain safe and secured and will I get the sum assured irrespective of the market situations 5 years later on? The IDBI people assures me. But I seek honest opinions from you.