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  • Fixed Deposit BYTES FROM OUR KITCHEN

    How to Apply for an IDBI Bank Fixed Deposit

    IDBI Bank is a well-reputed bank that provides banking and financial services across all branches in the country. They offer a wide range of Fixed Deposit (FD) options including tax saver deposits and others. Applying for an IDBI Bank FD is is a hassle-free and simple process and can be done online at the click of a button.

    Stepwise Process to Apply for an IDBI Bank Fixed Deposit Online

    Step 1: Visit the IDBI Bank website and log in to the internet banking portal by providing username and password

    Step 2: Once logged in, choose the ‘Request’ option

    Step 3: Then choose the ‘Opening a Fixed Deposit’ option

    Step 4: Choose the type of deposit to be opened. Choose the type of interest payout method and enter the amount that is to be invested

    Step 5: Choose the tenure range and give maturity instructions

    Step 6: Verify details and click on the ‘Submit’ button. A confirmation message will be displayed after the deposit is booked

    Step 7: A nomination form has to be physically filled in and submitted to the bank

    Stepwise Process to Apply For an IDBI Bank Fixed Deposit Offline

    Step 1: Visit an IDBI Bank branch close to your locality

    Step 2: Speak to an officer at the bank about opening an FD account

    Step 3: An FD application form will be given to you. Fill it taking the assistance of the bank manager or banking officer

    Step 4: Submit mandatory documents. Deposit the money

    Step 5: Collect the FD receipt

    Eligibility

    All individuals are eligible to open an FD account provided they have the necessary funds. Minors can open an account along with a legal guardian.

    Documents Required for IDBI Bank Fixed Deposit

    Identity proof:

    • Passport
    • Aadhaar card
    • PAN card
    • Voter ID card
    • Driving licence
    • Government ID card
    • Photo ration card
    • Senior citizen ID card

    Address proof:

    • Passport
    • Telephone bill
    • Electricity bill
    • Bank Statement with Cheque
    • Certificate/ ID card issued by Post office

    FAQs

    1. Are all customers allowed to open a FD online?

      Existing customers with internet banking account will be able to do so. New or prospective customers will have to approach the respective bank branch, first open an account and then avail internet banking services.

    2. What is the minimum and maximum limit of funds to open an FD account?

      The minimum limit is Rs.10,000, while the maximum is Rs.1 crore. This is applicable to all regular, special and floating fixed deposits.

    3. Is it mandatory to provide PAN and Aadhaar card while opening an FD account?

      Yes

    4. Is it possible to close an FD online or make a premature withdrawal?

      Yes. The same can be done through internet banking.

    5. What are the other channels through which one can open an FD?

      Apart from online banking and visiting the branch, one can also open an FD account through mobile banking or by calling a customer care representative.

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    IDBI Bank Fixed Deposit Reviews

    • IDBI Fixed Deposit
      "Good Investment Plan"
      0.5 4.0/5 "Great!"
      I have taken Fixed deposit account from IDBI bank where am getting income tax benefits from them . There is no charges for the account . Where they are giving good rate of interest i have chosen long term investment plan.Overall am satisfied with the service and response .
      Was this review helpful? 4
      , vadodara
      Reviewed on Nov 02, 2018
    • IDBI Fixed Deposit
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had a fixed deposit account with IDBI bank. It was very good experience with IDBI fixed deposit. I have got a transfer to the other place, so I have closed this account. I paid Rs .1lakh towards this fixed deposit. The return on investment was very good with IDB I fixed deposit.
      Was this review helpful? 3
      , madurai
      Reviewed on Oct 31, 2017
    • IDBI Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      It was recently I started a fixed deposit with IDBI the service was fine ,the service will be very good and the payments were through online for every due ,it was recently I have started using the service from IDBI so I don't know much about IDBI still it was a good service that I received from IDBI for my fixed deposit service.
      Was this review helpful? 1
      , tirupati
      Reviewed on Oct 30, 2017
    • IDBI Fixed Deposit
      "Trustworthy"
      0.5 5.0/5 "Blown Away!"
      IDBI has provided the best of services always I have a fixed deposit as well with them. I only have to get the bond and sign the same. They would will up the rest of the details and process it. I do not have to double check as they have always been trustworthy.
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 07, 2017
    • IDBI Fixed Deposit
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I would suggest IDBI bank is the best one to get the fixed because of the good rate of interest . Customer service is good one and am with them from the last three years of time. Penalty charges are lesser one with the m for the premature withdraw.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 19, 2017
    • IDBI Fixed Deposit
      "Very Responsive"
      0.5 4.0/5 "Great!"
      I deposited some amount with IDBI bank as a fixed deposit. Actually I deposited this amount for future savings also I will be getting some good interest rate at the end of the year. I got good support from the bank executives and they provided all the information regarding FD.
      Was this review helpful? 1
      , indore
      Reviewed on May 04, 2017
    • IDBI Fixed Deposit
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      From the last one year of time I am having the fixed deposit account with the IDBI bank. The rate of interest is around 8.5% as a fixed one. Customer service is good with them and the interest will be compounded monthly.
      Was this review helpful? 7
      , halol
      Reviewed on Apr 08, 2016
    • IDBI Fixed Deposit
      "Go for It!!!"
      0.5 5.0/5 "Blown Away!"
      IDBI is giving the interest rate according the rbi rules for the fixed deposit. They give the 7.75% interest rate there is no minimum lock in period. But if you withdraw the amount in between the lock in period they will charge penalty. There is activation and processing.We can avail the facility through online.
      Was this review helpful? 3
      , pune
      Reviewed on Apr 08, 2016
    • IDBI Fixed Deposit
      "Very good rates"
      0.5 5.0/5 "Blown Away!"
      I hold a Fixed Deposit with IDBI bank. Compared to other nationalised banks, their rates, fees and charge are nominal and affordable by almost everybody. Their schemes and processing is good enough. The executives are also helpful and respond well. The interest rate offered is 10%.
      Was this review helpful? 4
      , bhubaneshwar
      Reviewed on Mar 17, 2016
    • IDBI Fixed Deposit
      "Nothing new"
      0.5 4.0/5 "Great!"
      IDBI FD is very good. This was taken for a period of 3 years. Nothing special about them/ interest rate was good . Nothing negative to report about them and I have fill the 15 G form for getting tax benefit and I will be getting tax benefits at the time of maturity,
      Was this review helpful? 4
      , mumbai
      Reviewed on Nov 07, 2015
    • IDBI Fixed Deposit
      "Communication was very nice"
      0.5 4.0/5 "Great!"
      Communication was very nice when it comes to IDBI FD. This is the first time I have opened this FD interest rate was good. Rate of interest offered by them this time was very low. I understand its purely based on the market it would change. I holding 2 FD with the same bank and I am holding it approximately for a period of 3 years and its a compounded interest
      Was this review helpful? 4
      , pune
      Reviewed on Oct 17, 2015
    • IDBI Fixed Deposit
      "Best FD at you Finger Tips"
      0.5 5.0/5 "Blown Away!"
      I usually place the FD with IDBI Bank. Placing FD is as easy as it was never before. It just happens in two mins over the internet with the options as required by the customer. Also the interest rates as Good as compared to market and i recommend you should try it.
      Was this review helpful? 16
      , pune
      Reviewed on May 15, 2015
    • IDBI Fixed Deposit
      "Very Good"
      0.5 4.0/5 "Great!"
      I hold an fixed deposit from IDBI bank. The interest rate offered is 9.25% and i used to take the tenure for 500 days in which i have completed my first tenures and started the second time The advantage of taking 500 days tenure is that we will be charged 2.5% more interest while the withdrawal.
      Was this review helpful? 5
      , hyderabad
      Reviewed on May 09, 2015
    • IDBI Fixed Deposit
      "Really good "
      0.5 5.0/5 "Blown Away!"
      IDBI Fixed deposit is really good. There are 2 types of fixed deposit once is fixed and other is flexi. Flexi deposit is linked to the savings account, where as and when I want we can with draw funds form the ATM and for the remaining amount they would they would provide interest. They will also provide over draft facility on this deposit and where we can withdraw up to 90% of the amount and I have already referred my friend for this deposit,
      Was this review helpful? 9
      , bangalore
      Reviewed on May 05, 2015
    • IDBI Fixed Deposit
      "Review on Fixed deposit"
      0.5 4.0/5 "Great!"
      Services are very good in IDBI and for liquidation of the amount they just took 15 minutes and this happened in my case. I had fixed deposit and closed it before mature date. IDBI helped me in getting liquidity even after bank closing hours. No penalty charges for pre matured withdrawal
      Was this review helpful? 6
      , ahmedabad
      Reviewed on Mar 31, 2015
    • IDBI Fixed Deposit
      "Review on Fixed deposit"
      0.5 3.5/5 "Pretty good"
      Services are very good in IDBI and for liquidation of the amount they just took 15 minutes and this happened in my case. I had fixed deposit and closed it before mature date. IDBI helped me in getting liquidity even after bank closing hours. No penalty charges for pre matured withdrawal
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Mar 23, 2015
    • IDBI Fixed Deposit
      "Excellent..."
      0.5 5.0/5 "Blown Away!"
      Services are very good in IDBI and for liquidation of the amount they just took 15 minutes and this happened in my case. I had fixed deposit and closed it before mature date. IDBI helped me in getting liquidity even after bank closing hours. No penalty charges for pre matured withdrawal.
      Was this review helpful? 9
      , kolkata
      Reviewed on Mar 13, 2015
    • IDBI Fixed Deposit
      "Use r friendly services"
      0.5 3.5/5 "Pretty good"
      I had opened up fixed deposit account with IDBI before 3 years. Its a compounding interest rate with good returns compared with other banks. I get regular intimations about fixed deposit certificate via on line. I would like to suggest IDBI as its user friendly services.
      Was this review helpful? 8
      , mumbai
      Reviewed on Jan 29, 2015
    • IDBI Fixed Deposit
      "Good experience!!"
      0.5 4.0/5 "Great!"
      On quarterly basis rate would be accumulated and providing rate of interest for Fixed deposit is 9.25%. IDBI is near to my residence thus the officials came my place and they suggested to open FD. They cooperated well and they did everything on behalf of me. Status are being mailed timely regarding fixed deposit so overall I am satisfied.
      Was this review helpful? 6
      , kolkata
      Reviewed on Jan 06, 2015
    • IDBI Fixed Deposit
      "Good"
      0.5 3.5/5 "Pretty good"
      The deposit which I have with IDBI bank was good. As this deposit is linked to my company it is easy for me to access it through the office executive who takes care of it. The customer support is really good. The rate of interest they provided was 13% which is good as it is an offer for certain corporate companies only.
      Was this review helpful? 5
      , new delhi
      Reviewed on Dec 24, 2014
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