IDBI Bank FD Rates

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.

Features of Idbi Bank Fixed Deposit

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 Fixed Deposit Rates 2021

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%

Comparison of FD Rates by Top 10 Financial Institutes

Name Interest Rates Tenure  
Axis Bank 5.75% 5 years to 10 years View Details
Bank of Baroda 5.30% 5 years 1 day to 10 years View Details
Bank of India 5.40% 5 years to 10 years View Details
Canara Bank 5.45% 3 years to 10 years View Details
Central Bank of India 5.35% 5 years to 10 years View Details
HDFC Bank 5.50% 5 years 1 day to 10 years View Details
ICICI Bank 5.50% 5 years 1 day to 10 years View Details
IDBI Bank 5.70% 7 years 1 day to 10 years View Details
State Bank Of India 5.40% 5 years to 10 years View Details
Yes Bank 7.00% 1 year to 10 years View Details

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 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

IDBI Bank NRO Term Deposit Rates

NRO Deposit Rates (As on August 14, 2020)

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%

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 Bank NRE Deposit Rates 2020

NRE Fixed Deposit Rates (As on August 14, 2020)

Tenure

Interest Rate (P.A.)

1 year

5.20 %

> 1 year to 2 Yrs.

5.30 %

>2 Yrs. to < 3 Yrs.

5.30 %

3 Yrs. to < 5 Yrs.

5.30 %

5 Yrs.

5.30 %

> 5 yrs. to 7 yrs.

5.30 %

>7 yrs. - 10 yrs.

5.30 %

*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.

*Rates are subject to change from time to time

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: 28 October 2020
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