Idbi Bank FD Interest Rates, March 2020

Tenure	General Public FD Rates	Senior Citizen FD Rates
7 days to 14 days	3.50%	4.00%
15 days to 30 days	4.50%	5.00%
31 days to 45 days	4.75%	5.25%
46 days to 60 days	5.50%	6.00%
61 days to 90 days	5.50%	6.00%
91 days to 6 months	5.60%	6.10%
271 days to 364 days	6.00%	6.50%
6 months 1 day to 270 days	5.75%	6.25%
1 year	6.45%	6.95%
1 year to 2 years	6.40%	6.90%
2 years to 3 years	6.25%	6.75%
3 years 1 day to 5 years	6.25%	6.75%
5 years	6.25%	6.75%
5 years 1 day to 10 years	6.25%	6.75%
10 years 1 day to 20 years	6.00%	6.50%

Investment Amount Minimum - Rs. 10,000 Maximum- Rs. 99,99,999

Tenure Minimum - 7 daysMaximum- 20 Years

Free Nomination Nomination can be added free of cost with IDBI Bank FD account

Auto Renewal Now you don’t need to remember the renewal date. The bank will automatically renew the principal amount and put interest on the year

The IDBI bank was established by the Government of India. It was started to provide financial needs for the development of the Indian Industry. It is one among the leading enterprises owned by the government and has its branches spread across the country.

IDBI Fixed Deposit- Features

A customer can earn maximum return on his savings through an IDBI Fixed Deposit Scheme
A fixed deposit in IDBI offers higher returns when compared to a regular savings account
The minimum amount requires to open a fixed deposit account is little
There are different deposit options to choose from
The IDBI FD interest rates are attractive

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.

IDBI Bank Fixed Deposit Rates

It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.

For Domestic Deposits - less than Rs. 2cr (w.e.f. . October 16, 2019)

MATURITY PERIOD	DEPOSIT AMOUNT	INTEREST RATE (% p.a.)
MATURITY PERIOD	DEPOSIT AMOUNT	General	Senior Citizen
15 days to 30 days	less than Rs. 1cr	4.50	5.00
31 days to 45 days	less than Rs. 1cr	4.75	5.25
46 days to 60 days	less than Rs. 1cr	5.50	6.00
61 days to 90 days	less than Rs. 1cr	5.50	6.00
91 days to 6 months	less than Rs. 1cr	5.60	6.10
6 months 1 days to less than 270 days	less than Rs. 1cr	5.90	6.40
271 days to less than 1year	less than Rs. 1cr	6.00	6.50
1 year	less than Rs. 1cr	6.50	7.00
Above 1 yrs to 2 yrs	less than Rs. 1cr	6.50	7.00
Above 2 yrs to less than 3 yrs	less than Rs. 1cr	6.30	6.80
3 yrs to less than 5 yrs	less than Rs. 1cr	6.30	6.80
Only 5 yrs	less than Rs. 1cr	6.30	6.80
Above 5 years to 7 years	less than Rs. 1cr	6.30	6.80
Above 7 years to 10 years	less than Rs. 1cr	6.30	6.80
Above 10 years up to 20 years	less than Rs. 1cr	6.00	6.50

Tax Saver FD (Max Deposit - 1 LPA)

MATURITY PERIOD	DEPOSIT AMOUNT	INTEREST RATE (% p.a.)
		General	Senior Citizen
Suvidha Tax Saving Fixed Deposits - 5 YEARS	Upto Rs. 1 lakh	6	6.5

Tax Implications

The amount invested in Fixed Deposit with a tenure of 5 years with IDBI Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
The applicable tax will be deducted at source, i.e. IDBI Bank, in case the annual interest earned crosses Rs. 10,000.

For NRO Fixed Deposit - less than Rs. 2cr (w.e.f. . October 16, 2019)

MATURITY PERIOD	DEPOSIT AMOUNT	INTEREST RATE (% p.a.)
15 days to 30 days	less than Rs. 1cr	4.50
31 days to 45 days	less than Rs. 1cr	4.75
46 days to 60 days	less than Rs. 1cr	5.50
61 days to 90 days	less than Rs. 1cr	5.50
91 days to 6 months	less than Rs. 1cr	5.60
6 months 1 days to less than 270 days	less than Rs. 1cr	5.90
271 days to less than 1year	less than Rs. 1cr	6.00
1 year	less than Rs. 1cr	6.50
Above 1 yrs to 2 yrs	less than Rs. 1cr	6.50
Above 2 yrs to less than 3 yrs	less than Rs. 1cr	6.30
3 yrs to less than 5 yrs	less than Rs. 1cr	6.30
Only 5 yrs	less than Rs. 1cr	6.30
Above 5 years to 7 years	less than Rs. 1cr	6.30
Above 7 years to 10 years	less than Rs. 1cr	6.30
Above 10 years up to 20 years	less than Rs. 1cr	6.30

For NRE Fixed Deposit - less than Rs. 2cr (w.e.f. . October 16, 2019)

MATURITY PERIOD	DEPOSIT AMOUNT	INTEREST RATE (% p.a.)
1 year	less than Rs. 1cr	6.50
1 yrs to less than 2 yrs	less than Rs. 1cr	6.50
2 yrs to less than 3 yrs	less than Rs. 1cr	6.30
3 yrs to less than 5 yrs	less than Rs. 1cr	6.30
Only 5 yrs	less than Rs. 1cr	6.30
Above 5 years to 7 years	less than Rs. 1cr	6.30
Above 7 years to 10 years	less than Rs. 1cr	6.30