IDBI Bank Fixed Deposit

IDBI Bank offers FDs to both Indian residents and NRI’s. The bank is among the most reliable ones in terms of Fixed Deposits. FD account holders can avail a number of benefits including higher returns, loan against FDs, flexible tenure, loan against FD facility, and lower minimum deposit limit, among others. When it comes to the Fixed Deposit interest rates, the highest rate provided by IDBI Bank FD rate is 5.50%. Senior Citizen IDBI Bank FD interest rate ranges between 3.50% and 6.10%.

Idbi Bank FD Rates in India
Tenure General Public FD Rates Senior Citizen FD Rates
7 days to 14 days 3.00% 3.50%
15 days to 30 days 3.75% 4.25%
31 days to 45 days 3.75% 4.25%
46 days to 60 days 4.60% 5.10%
61 days to 90 days 4.60% 5.10%
91 days to 6 months 4.75% 5.25%
271 days to 364 days 5.25% 5.75%
6 months 1 day to 270 days 5.00% 5.50%
1 year 5.70% 6.20%
1 year to 2 years 5.75% 6.25%
2 years to 3 years 5.70% 6.20%
3 years 1 day to 5 years 5.70% 6.30%
5 years 5.80% 6.40%
5 years 1 day to 7 years 5.70% 6.30%
7 years 1 day to 10 years 5.70% 6.20%
10 years 1 day to 20 years 5.50% 6.00%

Idbi Bank FD Rates Today

Investment Amount Minimum - Rs. 10,000  Maximum-  Rs. 99,99,999
Tenure Minimum - 7 daysMaximum- 20 Years
Interest Rate  Minimum - 3.00 %Maximum- 5.50%

IDBI Bank FD Rates Today

Investment Amount

Minimum - Rs.10,000 

Maximum- Rs 1 Crore

 

Tenure

Minimum - 7 days

Maximum- 20 Years

Interest Rate

Minimum - 2.90 %

Maximum - 5.90%

 

IDBI NRO Term Deposit Rates

NRO Deposit Rates by IDBI Bank with effect from August 14, 2020 are given in the table below:

Tenure

Interest Rate (% p.a.)

7-14 days

2.90

15-30 days

3.00

31-45 days

3.00

46- 60 days

4.00

61-90 days

4.00

91-6 months

4.00

6 months 1 day to 270 days

4.50

271 days up to < 1 year

4.75

1 year

5.20

> 1 year - 2 yrs.

5.30

>2 yrs. to < 3 yrs.

5.30

3 yrs. to < 5 yrs.

5.30

5 yrs.

5.30

> 5 yrs. - 7 yrs.

5.30

>7 yrs. - 10 yrs.

5.30

           (The above rates are subjected to change w.e.f from August 14, 2020 are subjected to change)

Resident Fixed Deposit / NRO Deposits up to > Rs. 2 Crore

Tenure

Interest Rate (p.a.) Senior Citizens

Interest Rate (p.a.) General customers

7 days to 14 days

 3.40 %

2.90 %

15 days to 30 days

 3.50 %

3.00 %

31 days to 45 days

 3.50 %

3.00 %

46 days to 60 days

 4.50 %

4.00 %

61 days to 90 days

 4.50 %

4.00 %

91days to 6 months

 4.50 %

4.00 %

6 months 1 day to 270 days

 5.00 %

4.50 %

271 days up to< 1 year

 5.25 %

4.75 %

1 year

 5.70 %

5.20 %

> 1 year to 2 yrs.

 5.80 %

5.30 %

>2 yrs. to < 3 years

 5.80 %

5.30 %

3 yrs. to < 5 yrs.

5.90 #

5.30 %

5 yrs.

5.90 #

5.30 %

> 5 yrs. to 7 yrs.

5.90 #

5.30 %

>7 yrs. to 10 yrs.

 5.80 %

5.30 %

>10 yrs. to 20 yrs*

 5.30 %

4.80 %

                Tax Saving FD

5-years

5.90 #

5.30 %

 #IDBI Naman Senior Citizen Deposit Scheme. Resident Senior citizens get an additional 0.10% interest for limited duration over and above the additional 0.50% p.a. rate of interest.

IDBI NRE Deposit Rates 2020

NRE Deposit Rates by IDBI Bank with effect from August 14, 2020 are given in the table below:

Tenure

Interest Rate

1 year

5.20 % p.a.

> 1 year to 2 Yrs.

5.30 % p.a.

>2 Yrs. to < 3 Yrs.

5.30 % p.a.

3 Yrs. to < 5 Yrs.

5.30 % p.a.

5 Yrs.

5.30 % p.a.

> 5 yrs. to 7 yrs.

5.30 % p.a.

>7 yrs. - 10 yrs.

5.30 % p.a.

The above FDR rates are applicable to Fresh NRE / NRO deposits and on renewal of maturing deposits of lesser than Rs 2 Crore. No interest is paid on pre-mature closure of NRE deposits in less than 1 year.

IDBI Fixed Deposit- Features

  • IDBI Fixed Deposit Scheme offers maximum rate of interest on fixed deposits
  • IDBI fixed deposits offer higher returns in comparison to regular savings account
  • The minimum amount requires to open a fixed deposit account is Rs 10,000
  • There are multiple fixed deposit scheme options to choose from
  • The IDBI Bank offers attractive FD interest rates

FD Interest Rates in IDBI Bank

The IDBI interest rates on fixed deposits are competitive as per the markets today. The tenure of the deposits is flexible thereby helping the customers maximize their returns.  The attractive IDBI FD rates also help the depositors maintain liquidity as per their convenience and needs.

The fixed deposit rates in IDBI are constant for a chosen period of deposit. The interest rates are altered by the bank periodically. This might affect an existing customer making fresh deposits.

The current interest rate on FD in IDBI can be checked in any of their branches.

The Various Fixed Deposit Schemes

There are different fixed deposit plans at IDBI bank, each with a different interest rate and tenure. The bank does not charge any penalty for premature withdrawals.

You May also like to Read: Fixed Deposit in SBI

Loan against IDBI Bank Fixed Deposits

The account holder can avail offers loan up to 90% against its own fixed deposit. IDBI Bank does not offer loan against Fixed Deposit of any other bank. Loan against IDBI Bank FD ranges between 4% and 6.5%

IDBI Bank FD Rates FAQs

Written By: PolicyBazaar - Updated: 01 October 2020
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