Flexi Fixed Deposit IDBI Bank

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What is an IDBI Bank Flexi Fixed Deposit?

IDBI Bank Flexi Fixed Deposit is a secure and efficient savings-linked facility that ties your savings account to a fixed deposit. When your balance exceeds a set threshold, the excess amount is automatically transferred into a Flexi Fixed Deposit to earn higher returns. To activate and maintain this facility, a minimum balance of ₹10,000 is required. It offers the dual benefit of fixed deposit-like interest and easy access to funds, making it a practical choice for managing surplus money.

IDBI Bank Flexi Fixed Deposit Interest Rates

The table below shows the current IDBI Bank FD rates for different FD tenures for general and senior citizens:

For Deposits Less than ₹3 Crores

*IDBI Bank FD interest rates w.e.f. July 18, 2025

Key Features of IDBI Bank Flexi Fixed Deposit

Here are some key features of the Flexi Deposit IDBI Bank offers:

• Flexible Interest Payout: Interest is credited automatically at the selected interval. Monthly payouts are discounted, while annual payouts are compounded quarterly.
• Quarterly Compounding: Interest is reinvested every quarter for a higher effective yield, and the deposit is automatically renewed upon maturity.
• Sweep-in Savings: Surplus savings earn FD interest through the Flexi Fixed Deposit facility. Multiple deposits can be linked, and the latest one is closed first when funds are required.
• Overdraft Facility: Up to 90% overdraft can be availed without closing the FD. Interest is charged on the deposit with the lowest interest rate.

How to Open an IDBI Bank Flexi Fixed Deposit?

Existing IDBI Bank customers can easily book a Flexi Deposit through the internet or mobile banking. New customers must first open a savings account and then link the Flexi Deposit to it.

1. Online FD Account Opening

   You can book an IDBI Bank FD online if you are an existing customer with NetBanking or the IDBI Bank GO Mobile+ app.

   • NetBanking or Mobile App: Log in to your IDBI Bank NetBanking with your credentials or open the IDBI Bank GO Mobile+ App.
   • Go to ‘Fixed Deposit’: Tap on 'Deposits' or 'Fixed Deposits' and then select the option to 'Open FD'.
   • Select FD Amount: Select your account and enter the amount (starting from ₹10,000).
   • Select FD Type: Choose a deposit type from the available options, such as a cumulative or non-cumulative FD.
   • Maturity Instructions: Select options for auto-renewal, interest payout frequency, or payout at maturity.
   • Review & Confirm: Check all details, accept the terms & conditions, and submit.
   • FD Receipt: Generate and print the term deposit receipt (e-TDR) instantly.

2. Offline FD Account Opening

   If you prefer the offline process, you can visit your nearest IDBI Bank branch to book a fixed deposit with the flexi facility.

   • Visit IDBI Bank Branch: Visit an IDBI Bank branch with your PAN/Aadhaar and cheque/cash.
   • IDBI Bank FD Form: Fill out the Term Deposit form at the IDBI Bank branch.
   • Submit Documents: Submit the required KYC proofs if you are a new customer.
   • Fund Transfer/Deposit: Deposit the FD amount (minimum ₹10,000) digitally, through cheque, or cash.
   • Tenure & Interest Options: Choose the tenure and interest payout frequency.
   • Get the FD Receipt: IDBI Bank will issue a Term Deposit Receipt (TDR) as confirmation.

Difference Between Flexi Fixed Deposits and Regular Fixed Deposits

Here's how a Flexi Fixed Deposit compares to a Regular Fixed Deposit across key features:

Key Takeaways

The Flexi Fixed Deposit IDBI Bank offers higher returns than a regular FD by linking your savings account to a fixed deposit. Surplus funds above a set limit are automatically swept into FDs, helping you earn competitive FD interest rates. If your account balance drops, the reverse sweep feature automatically withdraws funds from the FD to maintain liquidity. With no manual intervention required, this feature is suitable for individuals seeking to grow their funds without the need to lock them away.