• IDBI Bank NRO/NRE/FCNR FD Rates

    Non-resident Indians (NRIs) are offered the facility to open fixed deposits accounts with IDBI Bank. The interest rates offered by the lender are attractive and you can opt for monthly, quarterly or cumulative interest payout on maturity for NRE and NRO FDs while for FCNR deposits the option for half-yearly and cumulative interest credit is available. The bank allows the opening of a term deposit account for a period that ranges between 7 days and 10 years.

    IDBI Bank NRE FD Rates

    The interest rates offered on NRE fixed deposit by the bank are listed in the table below:

    Tenure Interest rate (% p.a.)
    12 months to less than 24 months 5.00
    12 months 1 day to 24 months 5.10
    24 months 1 day to less than 36 months 5.10
    36 months to less than 60 months 5.10
    60 months 5.10
    60 months 1 day to 84 months 5.10
    84 months 1 day to 120 months 5.10

    Note: IDBI Bank NRE FD rates are effective 18 November 2020. It must be noted here that the rates are subject to change as per the discretion of the bank.

    IDBI Bank NRO FD Rates

    For opening a NRO fixed deposit account, the interest rates offered by IDBI Bank on deposits below Rs.2 crore are mentioned in the table below:

    Tenure Interest rate (% p.a.)
    7 days to 30 days 2.90
    31 days to 45 days 3.00
    46 days to 90 days 3.25
    91 days to 6 months 3.80
    6 months 1 day to less than 12 months 4.30
    12 months 5.00
    12 months 1 day to 120 months 5.10

    Note: IDBI Bank NRO FD rates are effective 13 January 2021. It must be noted here that the rates are subject to change as per the discretion of the bank.

    Highest IDBI Bank NRO deposit rates

    IDBI Bank offers 5.10% p.a. on NRO term deposit having a deposit tenure that ranges between 12 months 1 day and 10 years. This is the highest interest rate offered by the bank for opening a NRO fixed deposit.

    IDBI Bank FCNR (B) Deposit Rates

    The interest rates for FCNR term deposit are provided below:

    Tenure Interest rates (per annum)
    USD GBP EUR JPY CAD AUD SGD HKD CHF
    12 months to less than 24 months 1.22 0.76 0.24 0.67 1.16 0.82 0.93 1.10 0.00
    24 months to less than 36 months 1.07 0.78 0.20 0.46 1.08 0.87 0.92 1.04 0.00
    36 months to less than 48 months 0.99 0.75 0.07 0.29 1.06 0.76 0.79 0.98 0.00
    48 months to less than 60 months 1.10 0.83 0.11 0.29 1.25 0.76 0.87 1.10 0.00
    60 months 1.20 0.88 0.14 0.28 1.38 0.76 0.93 1.21 0.00

    Note: IDBI Bank FCNR rates are effective 1 January 2020. It must be noted here that the rates are subject to change as per the discretion of the bank.

    IDBI Bank RFC Deposit Rates

    IDBI Bank’s RFC fixed deposit rates are as given below:

    Tenure Interest rates (per annum)
    USD GBP EUR JPY
    91 days to 6 months 0.49 0.00 0.00 0.00
    6 months 1 day to less than 12 months 0.51 0.05 0.00 0.00
    12 months to less than 24 months 0.97 0.51 0.00 0.00
    24 months to less than 36 months 0.97 0.53 0.00 0.00
    36 months 0.99 0.50 0.00 0.00

    Note: IDBI Bank FCNR rates are effective 1 January 2021. It must be noted here that the rates are subject to change as per the discretion of the bank.

    FAQs on Andhra Bank NRO/NRE/FCNR FD Rates

    1. Can I avail a loan against an NRE, NRO and FCNR fixed deposit?
    2. Yes, a loan can be availed against an NRE, NRO and FCNR fixed deposit.

    3. If I close an NRE fixed deposit prematurely within a year, will I get any interest on the deposit?
    4. You won’t get any interest in case you close an NRE fixed deposit prematurely within a year.

    5. Is the facility of automatic renewal of deposit on maturity available?
    6. Yes, the facility of automatic renewal of deposit on maturity is available on all NRI FDs.

    7. Is there any penalty for pre-closure of FCNR deposits?
    8. There isn’t any penalty for pre-closure of FCNR deposits.

    9. What is minimum investment amount to open a NRE fixed deposit account with IDBI Bank?
    10. The minimum investment amount to open a NRE fixed deposit account with IDBI Bank is Rs.10,000.

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