IDBI Bank FD Interest Rates 2025
IDBI Bank FD interest rates vary from about 3.00% to 6.50% per year based on the deposit tenure, type, and client group. You have the flexibility to select a deposit term from 7 days up to 20 years. The bank also has options like IDBI Chiranjeevi, where rates go up to 7.80%. IDBI Bank FDs are suitable for customers wanting low-risk investment options, with features such as the facility of reinvestment, overdraft against the deposit, and auto-renewal. Know more about the latest IDBI Bank FD interest rates and options in the following sections.
Investment Plans
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Save upto ₹46,800 in tax under Sec 80C
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Inbuilt Life Cover
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Tax Free Returns Unlike FD+
Buy Online & Get upto 4% extra#
Get Guaranteed returns up to 7.1%*
Fully Tax-Free* (unlike FD), Life Cover Included
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FD Interest Rates
- IDBI Bank FD Rates
What is the IDBI Bank Fixed Deposit?
The IDBI Bank FD is a term deposit product with the facility to invest a lump sum amount for a particular tenure and earn a pre-determined interest rate. The deposit amount starts from ₹10,000, with interest payment options of monthly, quarterly, or yearly as desired. The interest is 0.50% more for senior citizen customers for deposits of 1 year and above. IDBI Bank offers a variety of FD products. For example, Floating Rate Term Deposits (FRTDs) are an FD variant where the rate of interest is not fixed for the entire term. It gives customers the benefits of FD rate changes without closing or re-booking the FD.
Information About
Guaranteed Return Plans
Returns Before Tax
7.1% (TAX-FREE)
Returns After Tax
7.1%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
*For annual premium upto ₹5 Lacs
Key Benefits of IDBI Bank Fixed Deposit
Here are some key benefits of investing in an IDBI Bank FD:
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Flexible Periods to Choose From:
You can choose how long you want to keep your money invested. The deposit period starts from as little as 7 days and goes up to 20 years.
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Extra Interest for Senior Citizens:
If you are a senior citizen (60 years or older), you get an additional 0.50% interest on deposits with a tenure of 1 year or more. This helps older individuals earn a bit more from their savings, which is especially useful for retirement income.
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Get Money Monthly, Quarterly, or Annually:
You can decide how often you want to receive your interest. It can be monthly, quarterly, or once a year. If you don't need the interest right away, you can also choose to reinvest it and let it grow with your FD.
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Option to Borrow Money Without Breaking Your FD:
In case you need money urgently, you don’t have to close your FD. Instead, IDBI Bank allows you to take a loan or overdraft of up to 90% of the FD amount. The bank will charge you interest in addition to the FD rates.
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Auto-Renewal Feature:
If you forget to renew your FD when it matures, the bank will automatically renew it for the same term at the interest rate available on that date. This helps ensure you don’t lose interest even for a single day.
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Tax-Saving Deposit Option:
IDBI Bank also offers a special 5-year Tax-Saving FD. You can invest up to ₹1.5 lakh per year in this FD and get tax benefits under Section 80C. This option combines savings with tax planning.
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Sweep-In Option for Linked Savings Account:
If you link your FD to your savings account, IDBI Bank can automatically move extra money into an FD when your savings balance goes above a certain limit. This helps you earn higher interest than a regular savings account while keeping your money accessible.
IDBI Bank FD Interest Rates
IDBI Bank rates vary depending on the amount, tenure, and FD type. Below is an overview of indicative interest rates for deposits below ₹3 crore:
Retail Term Deposit Rates (< ₹3 Cr)
| Maturity Slab | General (% p.a.) | Senior Citizen (% p.a.) |
| 0–6 Days | NA | NA |
| 07–30 Days | 3.00 | 3.50 |
| 31–45 Days | 3.25 | 3.75 |
| 46–60 Days | 4.50 | 5.00 |
| 61–90 Days | 4.75 | 5.25 |
| 91 Days to 6 Months | 5.50 | 6.00 |
| 6 Months 1 Day to 270 Days | 6.00 | 6.50 |
| 271 Days to <1 Year | 6.25 | 6.75 |
| 1 Year to 2 Years (excluding 444, 555, 700 Days) | 6.80 | 7.30 |
| >2 Years to <3 Years | 7.00 | 7.50 |
| 3 Years to 5 Years | 6.50 | 7.00 |
| >5 Years to 10 Years | 6.25 | 6.75 |
| >10 Years to 20 Years** | 4.80 | 5.30 |
| Tax Saving FD (5 Years) | 6.50 | 7.00 |
*IDBI Bank FD interest rates w.e.f. May 16, 2025
**Only applicable for deposits from judicial/statutory awards and margin money for guarantees.
Utsav Callable Fixed Deposits
| Tenure | General / NRE / NRO (% p.a.) | Senior Citizen (% p.a.) |
| 444 Days | 7.10 | 7.60 |
| 555 Days | 7.15 | 7.65 |
| 700 Days | 7.00 | 7.50 |
*IDBI Bank FD interest rates w.e.f. May 16, 2025; rates
valid until June 30, 2025
IDBI Chiranjeevi – Super Senior Citizen FD
| Tenure | Super Senior Citizens (% p.a.) |
| 444 Days | 7.75 |
| 555 Days | 7.80 |
| 700 Days | 7.65 |
*IDBI Bank FD interest rates w.e.f. May 16, 2025
Suvidha Tax Saving Fixed Deposit (5 Years)
| Customer Type | Interest Rate (% p.a.) |
| General (Retail) | 6.50 |
| Senior Citizen | 7.00 |
*IDBI Bank FD interest rates w.e.f. May 16, 2025
FD interest rates India have fallen consistently over the last 12 years.
How to Open an IDBI Bank Fixed Deposit (FD)
Whether you're a new or existing customer, you can open an FD at IDBI Bank in just a few steps.
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Offline Method
For those who prefer visiting a branch:
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Go to your nearest IDBI Bank branch.
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Submit your KYC documents and a photograph.
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Fill out the FD application form.
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Choose the deposit amount, tenure, and payout option.
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Get your FD receipt from the bank.
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Online Method (Phone Banking Request)
For existing IDBI Bank customers with internet or mobile banking:
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Call toll-free: 1800-209-4324 or 1800-22-1070 (24/7)
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Request for an FD.
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A representative will assist you and schedule a callback.
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Mobile Banking
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Open the IDBI Bank’s Mobile Banking app
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Click on the request button on the home screen of the app
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Click on the option “Open FD”
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Enter the required details (like account no, name, and branch)
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Now select the type of deposit, i.e., “Fixed deposit”
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Enter the deposit amount and select the tenure (7 days to 10 years).
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Add your nominee details.
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Choose the FD type (cumulative, monthly payout, etc.) and interest payout option.
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Confirm, and the receipt will be generated.
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Note: The minimum deposit amount is ₹10,000. Tenure options range from 7 days to 20 years.
Documents Required for IDBI Bank FD
Here are the essential documents you may need to open an IDBI Bank FD:
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Photo ID proof (Aadhaar, Passport, Voter ID, etc.)
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Address proof (Utility bill, Aadhaar, passport, etc.)
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PAN Card (mandatory for TDS and tax purposes)
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Recent passport-size photograph
Taxation on IDBI Bank FD Interest
The interest earned on IDBI Bank Fixed Deposits is taxable under the heading "Income from Other Sources." As per the latest rules for FY 2025–26, TDS is deducted at 10% if the annual interest exceeds ₹50,000 for general citizens and ₹1,00,000 for senior citizens. If PAN is not provided, TDS is deducted at a higher rate of 20%. To avoid excess deduction, eligible individuals can submit Form 15G or 15H, as applicable.
All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Key Takeaways
IDBI Bank FD interest rates are available in a large tenure spectrum, accommodating both long-term and short-term savers. With a lower amount of ₹10,000 and various interest payout options, the FD is ideal for different financial objectives. Senior citizen customers get higher FD interest rates, while facilities such as sweep-in, overdraft, and tax-saving facilities prioritise convenience. Depending on their needs, Customers have options between reinvestment plans and regular income.
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FAQs
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What is the minimum deposit amount for opening an IDBI Bank FD?
You have to deposit at least ₹10,000 to start an IDBI Bank FD. For most branches in India, the chosen amount never changes during the selected tenure. -
Does IDBI Bank offer higher FD interest rates for senior citizens?
IDBI Bank gives 0.50% higher interest than other customers when seniors open a fixed deposit for one year or more. They can earn more than what they put into their retirement accounts. -
Can I withdraw my IDBI Bank FD before maturity?
Yes, you can take cash out from your IDBI Bank FD early, but a fine will be added. You will have to accept that the interest rate you earn will be less than agreed upon because you took out the loan early. -
What is the maximum tenure I can choose for an IDBI Bank FD?
You can invest your money in IDBI Bank FD for as short as 7 days or as long as 20 years. You can choose an option that fits with how much you are planning to save. -
Does IDBI Bank allow monthly interest payouts on FDs?
Yes, IDBI Bank allows customers to receive interest on their deposits each month, each quarter, or annually. If you wish, put your interest money back into the plan and collect it all as a one-time payment when it matures. -
What is the IDBI Bank Tax-Saving FD, and who can invest?
You cannot withdraw money from this IDBI Bank FD for 5 years, and you can only put in up to ₹1.5 lakh each financial year. Certain tax deductions are available to you under Section 80C.. -
Can I take a loan against my IDBI Bank FD?
Yes, IDBI Bank allows you to take a loan or overdraft of up to 90% of your FD value. This helps you meet urgent cash needs without having to break your fixed deposit.
*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable
tax slabs post 31st march 2023
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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