IDBI Bank FD Interest Rates 2026

Top Guaranteed Return Plan 

Fixed Deposits (FDs) are considered safe, and the returns are guaranteed, but Guaranteed Return Plans are a step ahead. The plans provide long-term and stable returns with the added advantage of life insurance cover. They are an intelligent two-in-one investment- they not only can help you build your wealth safely, but also can offer financial security to your family.

IDBI Bank FD: Latest Updates 

IDBI Bank has declared that it will revise its interest rates on major deposit products such as regular fixed deposits (FDs), the special Utsav Fixed Deposit scheme, and savings bank accounts.

Comparing FDs with Other Options 

Fixed Deposits (FDs) provide certain returns and capital security, and thus, these are suitable investments under risk-averse investments. But there are other alternatives, such as mutual funds, stocks, or government-backed schemes that could give better returns but with different amounts of risk and market dependency. The appropriate selection is based on what you want to achieve financially, what risk level you can take, and the investment time frame.

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. 

IDBI Bank Fixed Deposit: Highlights 

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:

Rates below ₹3 Crore

*IDBI Bank FD interest rates w.e.f. September 19, 2025.

Revised rates above ₹ 3 Crore 

*IDBI Bank FD interest rates w.e.f. November 21, 2025. The above interest rates are for general citizens for a deposit amount between ₹ 3 Crore and ₹ 7.5 Crore.

Types of IDBI Bank FD Schemes 

1. IDBI Bank Suvidha Tax Saving Fixed Deposit 

   Offers dual benefits of tax exemption under Section 80C and attractive returns on investment. Open to individuals and HUFs, with the added convenience of doorstep banking services.

   Tenure - 5 years 

   Maximum Deposit Amount - 1.5 Lac

   Tax Exemption - available under Section 80C

   Additional Benefit - 0.5% additional interest rate for senior citizens

2. IDBI Bank Suvidha Fixed Deposit 

   Safe, dependable, and with competitive interest rates, Suvidha Fixed Deposit guarantees liquidity and good returns. It also assists you in increasing your savings with confidence since it has one of the best rates in the industry.

   Tenure - 7 days to 20 years 

   Minimum Deposit Amount - Rs 10,000

   Additional Benefit - 0.5% additional interest rate for senior citizens

   Auto-renewal facility - Available 

3. IDBI Bank Systematic Savings Plan-Plus (SSP+) 

   An easy and regular way to grow your savings, SSP enables you to invest a fixed sum of 500 to less than 2 crore, every month. The amount is automatically debited to your savings account, and you can save religiously without any effort.

   Tenure - 3 years to 10 years

   Minimum Deposit Amount - Rs 5,000

   Personal Accidental Insurance Cover - up to 5,00,000

   Additional Benefit - Principal + Interest protection

4. IDBI Floating Rate Fixed Deposit 

   In contrast to traditional FDs, FRTDs have floating interest rates that move in line with a benchmark rate, which is adjusted regularly. This gives you the advantage of fluctuating interest rates without having to break and rebook your deposit.

   Interest Payment - quarterly on the last day of each quarter 

   Loan Facility - Can be availed

   Nomination Facility - Available 

   Tax deduction at source - TDS as per the guidelines 

   Premature Withdrawal - Minimum 1 year Lock-in 

5. Vasundhara Green Deposit 

   One of the sustainable investment projects of IDBI Bank that encourages eco-friendly development. As a way of saying thank you to the investors, they are given special receipts as a symbol of participating in a green future.

   Tenure - 1111 Days Only

   Minimum Deposit Amount - Rs 10,000 

   Maximum Minimum Amount - No Limit 

   Additional Benefits to Senior Citizens - As per the policy 

Key Benefits of IDBI Bank Fixed Deposit

Here are some key benefits of investing in an IDBI Bank FD:

• 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. 
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.

How to Open an IDBI Bank Fixed Deposit (FD)

An IDBI Bank fixed deposit is a great investment choice. It offers a safe and traditional way to grow your savings. You deposit a lump sum for a fixed time and earn interest on it.

Online Method

Existing IDBI Bank customers can book a fixed deposit online using netbanking pr mobile application services - 

• Net Banking or Mobile App: Log in to IDBI Bank’s Net Banking portal or the IDBI Bank mobile app
• Go to ‘Fixed Deposit’: Navigate to the "Request" tab. Select "Opening a Fixed Deposit."
• Enter Details: Enter the deposit amount and chosen tenure.
• Select FD Type: Choose your fixed deposit scheme and the interest payout option.
• Maturity Instructions: Select your maturity instructions, such as auto-renewal.
• Review and Confirm: Verify all the details. Accept the terms and conditions.
• FD Confirmation: You will receive a confirmation. Note -nomination details must be submitted to the branch separately.

Offline Method

For those who don’t want to put their credentials online, they can visit a bank branch and follow these steps - 

• Visit IDBI Bank Branch: Go to your nearest IDBI Bank branch. Carry your KYC documents.
• Fill Out the Form: Ask for the fixed deposit application form and fill it out.
• Submit Documents: Apply along with your KYC proofs.
• Fund Transfer/Deposit: Deposit the minimum amount, using cash or a cheque.
• Get the FD Receipt: The bank will issue a Term Deposit Receipt as confirmation.

Eligibility 

Below groups mentioned below are eligible for fixed deposit investments in IDBI Bank –

• Residents
• Individuals and joint account holders
• Minors
• NRIs through NRE and NRO accounts
• Hindu Undivided Family or HUF
• Senior citizens
• Sole proprietorships and partnerships
• Firms
• Educational or charitable institutions

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.