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    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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