Idbi Bank FD Rates, April 2019

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
15 days to 30 days 5.75% 5.75%
31 days to 45 days 5.75% 5.75%
46 days to 60 days 6.25% 6.25%
61 days to 90 days 6.25% 6.25%
91 days to 6 months 6.25% 6.25%
271 days to 364 days 6.50% 6.50%
6 months 1 day to 270 days 6.50% 6.50%
1 year 7.25% 7.75%
1 year 1 day to 3 years 7.05% 7.55%
3 years 1 day to 5 years 6.85% 7.35%
5 years 1 day to 10 years 6.25% 6.75%
10 years 1 day to 20 years 6.00% 6.50%

Idbi Bank Fixed Deposit Calculator

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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

Idbi Bank FD Interest Rates

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. 1cr (As on Jul 24, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
15 days to 30 days less than Rs. 1cr 4.25 4.25
31 days to 45 days less than Rs. 1cr 4.5 4.5
46 days to 60 days less than Rs. 1cr 5 5
61 days to 90 days less than Rs. 1cr 5.25 5.25
91 days to 6 months less than Rs. 1cr 6 6
6 months 1 days to less than 270 days less than Rs. 1cr 6.5 6.5
271 days to less than 1year less than Rs. 1cr 6.5 6.5
1 year less than Rs. 1cr 6.75 7.25
Above 1 yrs to 2 yrs less than Rs. 1cr 6.5 7
Above 2 yrs to less than 3 yrs less than Rs. 1cr 6.25 6.75
3 yrs to less than 5 yrs less than Rs. 1cr 6.25 6.75
Only 5 yrs less than Rs. 1cr 6 6.5
Above 5 years to 7 years less than Rs. 1cr 6 6.5
Above 7 years to 10 years less than Rs. 1cr 6 6.5
Above 10 years up to 20 years less than Rs. 1cr 6 6.5

 

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

  1. 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.
  2. 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. 1cr (As on Jul 24, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
15 days to 30 days less than Rs. 1cr 4.25
31 days to 45 days less than Rs. 1cr 4.5
46 days to 60 days less than Rs. 1cr 5
61 days to 90 days less than Rs. 1cr 5.25
91 days to 6 months less than Rs. 1cr 6
6 months 1 days to less than 270 days less than Rs. 1cr 6.5
271 days to less than 1year less than Rs. 1cr 6.5
1 year less than Rs. 1cr 6.75
Above 1 yrs to 2 yrs less than Rs. 1cr 6.5
Above 2 yrs to less than 3 yrs less than Rs. 1cr 6.25
3 yrs to less than 5 yrs less than Rs. 1cr 6.25
Only 5 yrs less than Rs. 1cr 6
Above 5 years to 7 years less than Rs. 1cr 6
Above 7 years to 10 years less than Rs. 1cr 6
Above 10 years up to 20 years less than Rs. 1cr 6

 

For NRE Fixed Deposit - less than Rs. 1cr (As on Jul 24, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
1 year less than Rs. 1cr 6.75
1 yrs to less than 2 yrs less than Rs. 1cr 6.5
2 yrs to less than 3 yrs less than Rs. 1cr 6.25
3 yrs to less than 5 yrs less than Rs. 1cr 6.25
Only 5 yrs less than Rs. 1cr 6
Above 5 years to 7 years less than Rs. 1cr 6
Above 7 years to 10 years less than Rs. 1cr 6

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