IDBI Bank NRO/NRE/FCNR FD Rates
IDBI Bank offers NRE, NRO, FCNR and RFC fixed deposits for NRIs, with tenures from 7 days to 10 years. NRE and NRO deposits pay interest monthly, quarterly or on maturity, while FCNR deposits pay half-yearly or on maturity. Compare the latest IDBI Bank NRI FD interest rates in the tables below before you invest.
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 for General Public (p.a.) |
1 year | 6.20% |
1 Year to 2 Years (except 555 Days and 700 Days) | 6.25% |
> 2 Years to < 3 Years | 6.50% |
3 years to < 5years | 6.35% |
5 years | 6.25% |
> 5 years to 7 years | 5.95% |
>7 years to 10 years | 5.90% |
*The IDBI Bank NRE Deposit interest rates are subject to change at the discretion of the bank. The rates of interest in this table are effective as of 23 February 2026.
Note: The interest rates are effective from 23 February 2026.
IDBI Bank does not pay any interest if an NRE fixed deposit is closed before it completes one year, so plan your tenure carefully before you invest.
IDBI Bank NRO Fixed Deposit 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:
Maturity Slab | Interest Rates (% p.a.) |
07-14 days | 3.00 |
15-30 days | 3.00 |
31-45 days | 3.15 |
46- 60 days | 4.35 |
61-90 days | 4.60 |
91-6 months | 5.35 |
6 months 1 day to 270 days | 5.50 |
271 days up to < 1 year | 5.80 |
1 year | 6.20 |
>1 Year to 2 Years (except 555 Days and 700 Days) | 6.25 |
> 2 Years to < 3 Years | 6.50 |
3 years to < 5years | 6.35 |
5 years | 6.25 |
> 5 years to 7 years | 5.95 |
>7 years to 10 years | 5.90 |
*The IDBI Bank NRO Deposit interest rates are subject to change at the discretion of the bank. The rates of interest in this table are effective as of 23 February 2026.
Note: The interest rates are effective from 23 February 2026.
Highest IDBI Bank NRO deposit rates
IDBI Bank offers 6.50% p.a. on NRO term deposits with a tenure of more than 2 years and up to 3 years. This is the highest interest rate offered by the bank for opening a regular NRO fixed deposit.
IDBI Bank FCNR (B) Deposit Rates
The interest rates for FCNR term deposit are provided below:
Maturity Slab | USD (up to $1 Mio) (p.a.) | GBP (p.a.) | EUR (p.a.) | AUD (p.a.) | CAD (p.a.) | JPY* (p.a.) | SGD (p.a.) | HKD (p.a.) | CHF (p.a.) |
1 yr to less than 2 yrs | 4.55% | 4.00% | 2.65% | 3.55% | 2.85% | 0.40% | 1.85% | 0.50% | N.A. |
2 yrs to less than 3 yrs | 3.70% | 3.15% | 1.95% | 2.55% | 2.25% | N.A. | 1.20% | 0.50% | N.A. |
3 yrs to less than 4 yrs | 3.25% | 2.55% | 1.70% | 2.05% | 1.90% | N.A. | 0.90% | 0.50% | N.A. |
4 yrs to less than 5 yrs | 3.15% | 2.50% | 1.50% | 1.95% | 1.75% | N.A. | 0.45% | 0.50% | N.A. |
5 years only | 3.15% | 2.50% | 1.50% | 1.80% | 1.75% | N.A. | 0.45% | 0.50% | N.A. |
Note: The interest rates are effective from 1 September 2026.
FCNR (B) deposits above USD 1 million require prior consultation with your IDBI Bank branch or the NRI cell before you invest, and no interest is paid if the deposit is closed before completing one year.
IDBI Bank RFC Deposit Rates
IDBI Bank's RFC fixed deposit rates are as given below:
MATURITY SLAB | USD (p.a.) | GBP (p.a.) | EUR (p.a.) | JPY (p.a.) |
6 Months 1 day < 1 Year | 4.10% | 2.60% | 0.25% | N.A. |
1 Year < 2 Years | 4.55% | 4.00% | 2.65% | 0.40% |
2 Years < 3 Years | 3.70% | 3.15% | 1.95% | N.A. |
3 Years Only | 3.25% | 2.55% | 1.70% | N.A. |
Note: The interest rates are effective from 1 September 2026.
The minimum tenure for an IDBI Bank RFC term deposit is six months, and RFC deposit rates are revised on the first of every month in line with RBI guidelines.
Summary
IDBI Bank's NRI fixed deposits NRE, NRO, FCNR and RFC let non-resident Indians save across tenures of 7 days to 10 years, with interest rates that the bank revises periodically. NRE and FCNR deposits suit NRIs who want repatriable, tax-free savings, while NRO deposits are meant for income earned in India and RFC deposits for returning NRIs. Use the rate tables and FAQs above to compare the IDBI Bank NRI FD option that fits your investment horizon.
FAQs on IDBI Bank NRI FD Rates
1.What is an IDBI Bank NRI fixed deposit?
An IDBI Bank NRI fixed deposit is a term deposit that non-resident Indians can open as an NRE, NRO, FCNR or RFC account, depending on the source of the funds and their repatriation needs. NRE and FCNR deposits hold foreign earnings, NRO deposits hold income earned in India, and RFC deposits are for returning NRIs who want to hold foreign currency savings.
2.Who is eligible to open an IDBI Bank NRI fixed deposit?
Non-resident Indians and persons of Indian origin who meet the Reserve Bank of India's NRI/PIO criteria can open an NRE, NRO or FCNR fixed deposit with IDBI Bank. An RFC deposit is meant for NRIs who have returned to India and want to hold their foreign currency earnings and assets.
3.What tenures does IDBI Bank offer on its NRI fixed deposits?
IDBI Bank's NRE and NRO fixed deposits are offered for tenures ranging from 7 days to 10 years, though NRE deposits must be held for at least 1 year. FCNR (B) deposits start at 1 year and go up to 5 years, while RFC deposits start at 6 months and go up to 3 years.
4.What is the difference between an IDBI Bank NRE and NRO fixed deposit?
An NRE fixed deposit holds income earned outside India, is fully repatriable, and its interest is tax-free in India, while an NRO fixed deposit holds income earned or accrued in India, such as rent or dividends, and is repatriable only up to the limits set by the RBI. Both are offered by IDBI Bank across the same range of tenures.
5.What is an IDBI Bank FCNR (B) deposit?
An IDBI Bank FCNR (B) deposit lets NRIs hold a fixed deposit in a foreign currency, such as USD, GBP, EUR, AUD, CAD, JPY, SGD, HKD or CHF, instead of Indian rupees. This protects the depositor from currency fluctuation and keeps both the principal and interest fully repatriable.
6.What is an IDBI Bank RFC deposit?
An IDBI Bank Resident Foreign Currency (RFC) deposit allows NRIs who have returned to India permanently to hold their foreign currency earnings, such as USD, GBP, EUR and JPY, in a fixed deposit without converting them to rupees. It is available only to residents who previously held NRI status.
7.What interest payout options are available on IDBI Bank NRI fixed deposits?
IDBI Bank NRE and NRO fixed deposits offer monthly, quarterly or cumulative interest payout options, with the cumulative option paying out on maturity. FCNR deposits offer half-yearly or cumulative interest payout.
8.Do senior citizens get a higher interest rate on IDBI Bank NRI fixed deposits?
No, IDBI Bank does not offer a higher interest rate to senior citizens on NRE, NRO, RFC or FCNR fixed deposits; the same rates apply to all NRI depositors regardless of age. This is different from IDBI Bank's resident fixed deposits, where senior citizens typically do earn a preferential rate.
9.Is PAN mandatory to open an IDBI Bank NRI fixed deposit?
No, submitting a PAN card is not compulsory to open an IDBI Bank NRI fixed deposit. However, not furnishing your PAN can result in a higher rate of tax deducted at source (TDS) on the interest earned, as set by the Income Tax Department.
10.Can I take a loan against my IDBI Bank tax-saving fixed deposit?
No, IDBI Bank does not permit a loan against a tax-saving fixed deposit, and such deposits also cannot be withdrawn prematurely. This restriction applies only to the tax-saving FD variant and not to regular NRE, NRO, FCNR or RFC deposits.
11.What happens if I close my IDBI Bank NRI fixed deposit before maturity?
If you close an IDBI Bank NRE, NRO or FCNR fixed deposit before maturity, you earn interest only at the rate applicable to the period it was actually held, and a penalty may apply as per the bank's current premature withdrawal policy. NRE and FCNR deposits closed within the first year earn no interest at all.
12.Where can I check the latest IDBI Bank NRI FD interest rates?
The current IDBI Bank NRI FD interest rates for NRE, NRO, FCNR and RFC deposits are listed in the tables above, and IDBI Bank revises them from time to time. Refer to those tables for the tenure-wise rates before you open a fixed deposit.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2026 BankBazaar.com.