IDBI Bank Special FD Schemes 2025

What are IDBI Bank Special FD Schemes 2025 ?

IDBI Bank special FD schemes are enhanced versions of its regular fixed deposits, offering higher interest rates and unique features. These schemes benefit senior and super senior citizens, backed by attractive IDBI Bank FD rates. The key special deposit schemes offered by IDBI Bank include:

• Vasundhara Green Deposit (1111 days): A sustainability-linked FD with quarterly compounding, auto-renewal, and higher rates for senior citizens.
• Utsav FD (IDBI Bank 444 Days FD): A short-term special FD scheme with competitive returns, flexible deposit amounts, and extra perks for senior citizens.
• Utsav FD (555 days): A mid-term FD providing attractive interest, auto-renewal, and added senior citizen benefits for medium-range goals.
• Utsav FD (700 days): A long-tenor FD ensuring steady growth, renewal flexibility, and preferential rates for senior and super senior citizens.

IDBI Bank Special FD Schemes Rates

The current FD interest rates on IDBI Bank special FD scheme deposits up to ₹3 crore are: 

IDBI Vasundhara Green Deposit Interest Rates (1111 days) 2025

Interest rates w.e.f September 19, 2025.

IDBI Utsav FD Interest Rates 2025

IDBI Bank FD Rates 444 Days

IDBI Bank 444 days FD interest rates are effective from September 19, 2025, and valid until March 31, 2026.

IDBI Utsav FD Interest Rates – 555 Days

IDBI 555 days FD interest rates are effective from September 19, 2025, and valid until March 31, 2026.

IDBI Utsav FD Interest Rates – 700 Days

Interest rates are effective from September 19, 2025, and valid until March 31, 2026. 

Illustrations for Different IDBI Bank Special FD Schemes

To understand how IDBI Bank’s special fixed deposits perform, here are sample calculations showing the difference between simple and compound interest:

Illustration 1 - IDBI Vasundhara Green Deposit FD Scheme (IDBI Bank1111 Days FD)

The Vasundhara Green Deposit is designed for investors who want to direct their savings towards sustainability while committing to a longer tenure. 

For instance, an investor placing ₹1,50,000 at an annual rate of 6.35% would earn:

Simple Interest: 6.35/ 4

(1,50,000 × 6.35 × 3.04) / 100 = ₹28,980, giving a maturity of ₹1,78,980. 

Compound Interest (Quarterly):

A = 1,50,000 × (1 + 0.0635/4)^(4 × 3.04) ≈ ₹1,82,040, adding roughly ₹3,000 more than simple interest.

For senior citizens earning 6.85%, the maturity increases to ₹1,84,900.

Illustration 2 - IDBI Utsav FD Scheme (IDBI Bank 444 Days FD)

The Utsav FD offers competitive returns for short-to-medium duration savings with flexible deposit amounts and additional senior citizen benefits.

A deposit of ₹75,000 for 444 days at 6.60% generates the following:

Simple Interest:

(75,000 × 6.60 × 1.216) / 100 ≈ ₹6,019, resulting in a maturity value of ₹81,019.

Compound Interest (Quarterly):

A = 75,000 × (1 + 0.066/4)^(4 × 1.216) ≈ ₹81,300.

Maturity for senior citizens at 7.10% is around ₹81,500, while super senior citizens at 7.25% reach nearly ₹81,700.

Key Features of IDBI Bank Special FD Schemes

Along with higher returns and unique tenures, these special FD deposits provide added facilities that enhance convenience and flexibility for investors:

• Limited Availability: Some special high-demand FDs are promotional or available for a limited duration and deposit size.
• Overdraft Against FD: Loans or overdrafts can be availed without closing the special-day fixed deposit.
• Restricted Early Withdrawal: Certain special FD schemes restrict premature withdrawal or levy penalties for early closure.
• Minimum Deposit Amount: Varies by scheme; retail FDs usually start at ₹10,000, while bulk deposits often require a higher minimum.

Eligibility Criteria for IDBI Bank Special FD Schemes

IDBI Bank Special FD schemes are open to the following categories of applicants:

• Individual residents (including senior citizens)
• Hindu Undivided Families (HUFs)
• Proprietorship firms
• Partnership firms
• Companies and Limited Liability Partnerships (LLPs)
• Trusts, Societies, Associations
• Government / semi-government bodies

Documents Required for IDBI Bank Special FD Schemes

Applicants need to submit standard identification and compliance documents, depending on whether the deposit is opened individually or on behalf of an entity:

• Identity Proof: Aadhaar, PAN, Passport, Voter ID, or Driving Licence.
• Address Proof: Recent utility bill, Aadhaar, Passport, or bank statement.
• Photograph: Passport-size photo, if applying at a branch.
• PAN Card: Mandatory for taxation and TDS purposes.
• KYC Compliance: e-KYC or video KYC for online FDs; physical KYC for offline applications.
• Bank Account Details: Linked IDBI Bank account for interest/maturity credit.
• For Non-Individuals: Company registration/incorporation certificates, board resolutions, authorised signatory details.

IDBI Bank Special FD Schemes: Tax Implications

Interest earned on IDBI Bank special FD schemes is fully taxable under “Income from Other Sources.” For general citizens, if the interest exceeds ₹50,000 in a financial year, the bank deducts 10% TDS (Tax Deducted at Source) provided a valid PAN is submitted. Senior citizens enjoy a higher exemption limit of ₹1,00,000 per year, after which TDS is applicable. Investors can also submit Form 15G or Form 15H to avoid TDS deduction if their total income falls below the taxable threshold. In cases where TDS is deducted in excess, it can be claimed back as a refund while filing income tax returns.

Wrapping Up

For investors seeking assured growth in 2025 , IDBI Bank Special FD Schemes deliver competitive returns across unique tenures of 444, 555, 700, and 1111 days. These schemes work like regular fixed deposits but provide enhanced options such as quarterly compounding, loan facilities, and flexible withdrawal terms. With the help of the IDBI Bank FD interest calculator, you can estimate your FD maturity amounts. Invest in these limited-edition special FD schemes that match your financial goals.