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

Q1. What is the maximum FDR that IDBI Bank offers?

Ans: The maximum rate of interest that you can earn on IDBI Bank fixed deposit is 5.50%.
Q2. What is the minimum amount that is required to open an IDBI Bank FD Account?

Ans: To start IDBI Bank fixed deposit account the minimum limit is Rs 10,000.
Q3. What is the eligibility criterion to open a Fixed Deposit with IDBI Bank?

Ans: All HUFs, resident individuals, NRIs, Companies are eligible to open a fixed deposit account with IDBI Bank.
Q4. Are there any special IDBI Fixed Deposit senior citizen rates?

Ans: IDBI Bank provides a higher rate of interest to senior citizens. The regular rate of interest ranges from 3.00% to 5.50%. Senior citizen rate of interest ranges from 3.50% to 6.10%.
Q5. Can I deposit additional amount in IDBI Fixed Deposit account?

Ans: No, you cannot deposit any additional amount in your existing FD account as you can only deposit once. To invest any additional amount the account holder is required to open a new Fixed Deposit Account.
Q6. What documents are required to open an FD account in IDBI Bank?

Ans: The documents required to open IDBI Bank FDs include duly filled and signed form with your photograph.
Q7. What is current FD interest rate for IDBI Bank?

Ans: IDBI Bank fixed deposit rate ranges from 3.00% to 5.50%.
Q8. Can i change the duration of my existing IDBI fixed deposit account?

Ans: Once your IDBI Bank fixed deposit account is opened you cannot change the tenure of the Account. You can close the FD Account and open a new one with the desired tenure.
Q9. Is it possible to open an IDBI Bank FD account online?

Ans: To open an IDBI Bank FD Account you need to submit an application on the IDBI Bank’s website. Once the application is submitted, a representative from the IDBI bank will initiate the process further including filling an application and submitting the KYC documents.