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Fixed Deposit Interest Rates
- IDBI Bank FD Rates
IDBI Bank Fixed Deposit
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 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 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.) | |
| 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 |
Written By: PolicyBazaar - Updated: 31 July 2020
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