IDBI Bank offers the Suvidha Fixed Deposit scheme with interest rates ranging between 2.70% and 5.25% p.a. with a tenure ranging between 7 days and 20 years. Senior citizens are offered an additional interest rate as well.
Domestic Term Deposits Less than Rs.2 crore
| Tenure bucket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
|---|---|---|
| 7 days to 14 days | 2.70% p.a. | 3.20% p.a. |
| 15 days to 30 days | 2.70% p.a. | 3.20% p.a. |
| 31 days to 45 days | 2.80% p.a. | 3.30% p.a. |
| 46 days to 60 days | 3.00% p.a. | 3.50% p.a. |
| 61 days to 90 days | 3.00% p.a. | 3.50% p.a. |
| 91 days to 6 months | 3.50% p.a. | 4.00% p.a. |
| 6 months 1 day to 270 days | 4.30% p.a. | 4.80% p.a. |
| 271 days to up to less than 1 year | 4.30% p.a. | 4.80% p.a. |
| 1 year | 5.05% p.a. | 5.55% p.a. |
| Above 1 year to 2 years | 5.15% p.a. | 5.65% p.a. |
| Above 2 years up to 3 years | 5.20% p.a. | 5.70% p.a. |
| 3 years up to 5 years | 5.40% p.a. | 5.90% p.a. |
| 5 years | 5.25% p.a. | 5.75% p.a. |
| Above 5 years to 7 years | 5.25% p.a. | 5.75% p.a. |
| Above 7 years up to 10 years | 5.25% p.a. | 5.75% p.a. |
| Above 10 years up to 20 years | 4.80% p.a. | 5.30% p.a. |
*The IDBI Bank Fixed Deposit rates tend to change at the bank’s discretion. The rates given here are valid as of 16 August 2021.
IDBI Bank Suvidha Tax Saving Fixed Deposit Rates
| Maturity Period | Interest Rate for General Public (p.a.) | Interest Rate for Senior Citizens (p.a.) |
|---|---|---|
| 5 years | 5.25% | 5.75% |
*The IDBI Bank Suvidha Tax Saving Deposit interest rates are subject to change at the discretion of the bank. The rates of interest in this table are effective as of 16 August 2021.
IDBI Bank NRI Fixed Deposit Rates
IDBI Bank NRE FD Rates
| Tenure | Interest Rate for General Public (p.a.) |
|---|---|
| 1 year | 5.05% |
| 1 year 1 day to 2 years | 5.15% |
| 2 years 1 day to less than 3 years | 5.20% |
| 3 years to less than 5 years | 5.40% |
| 5 years | 5.25% |
| 5 years 1 day to 7 years | 5.25% |
| 7 years 1 day to 10 years | 5.25% |
*The IDBI Bank Suvidha Tax Saving Deposit interest rates are subject to change at the discretion of the bank. The rates of interest in this table are effective as of 16 August 2021.
IDBI Bank NRO FD Rates
| Tenure | Interest Rate for General Public (p.a.) |
|---|---|
| 7 days to 14 days | 2.70% p.a. |
| 15 days to 30 days | 2.70% p.a. |
| 31 days to 45 days | 2.80% p.a. |
| 46 days to 60 days | 3.00% p.a. |
| 61 days to 90 days | 3.00% p.a. |
| 91 days to 6 months | 3.50% p.a. |
| 6 months 1 day to 270 days | 4.30% p.a. |
| 271 days to up to less than 1 year | 4.30% p.a. |
| 1 year | 5.05% p.a. |
| Above 1 year to 2 years | 5.15% p.a. |
| Above 2 years up to 3 years | 5.20% p.a. |
| 3 years up to 5 years | 5.40% p.a. |
| 5 years | 5.25% p.a. |
| Above 5 years to 7 years | 5.25% p.a. |
| Above 7 years up to 10 years | 5.25% p.a. |
*The IDBI Bank Suvidha Tax Saving Deposit interest rates are subject to change at the discretion of the bank. The rates of interest in this table are effective as of 16 August 2021.
IDBI Bank FCNR (B) FD Rates
| Currency/ Tenure | 1 year to below 2 years | 2 years to below 3 years | 3 years to below 4 years | 4 years to below 5 years | 5 years |
|---|---|---|---|---|---|
| Currency/ Tenure | 1 year to below 2 years | 2 years to below 3 years | 3 years to below 4 years | 4 years to below 5 years | 5 years |
| USD | 0.92% | 1.04% | 1.24% | 1.42% | 1.55% |
| GBP | 0.90% | 1.04% | 1.16% | 1.24% | 1.29% |
| EUR | 0.14% | 0.15% | 0.20% | 0.24% | 0.28% |
| CAD | 1.00% | 1.28% | 1.52% | 1.71% | 1.82% |
| AUD | 0.81% | 0.96% | 1.16% | 1.32% | 1.51% |
| CHF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SGD | 0.94% | 1.03% | 1.17% | 1.27% | 1.31% |
| JPY | 0.54% | 0.47% | 0.46% | 0.43% | 0.39% |
Features and Benefits of IDBI Fixed Deposits
The main features and benefits of the IDBI Bank FD scheme are mentioned below:
- The FD account can be accessed anywhere.
- Several deposit options are provided.
- Auto-renewal facility is offered.
- Loans can be availed against the balance that is available in the account.
- Premature withdrawal facility is provided. However, a penalty will be levied in the case of premature withdrawal.
- Senior citizens are offered an additional interest rate.
- The tenure of the scheme ranges between 7 days and 10 years.
- The minimum deposit that must be made is Rs.10,000.
Eligibility Criteria
The eligibility criteria that must be met in order to open an FD account with IDBI Bank are mentioned below:
- Charitable institutions
- Educational institutions
- Firms
- Partnerships
- Sole proprietorships
- Senior citizens
- Hindu Undivided Family
- Non-Resident Indians
- Minors
- Residents
- Joint account holders
- Individuals
Documents Required
The documents that must be submitted to open an FD account with IDBI Bank are mentioned below:
- Permanent Account Number (PAN) Card
- Passport-size photographs
- Proof of age
- Proof of address
- Proof of identity
- Application form
Different FD schemes offered by IDBI:
- Suvidha Fixed Deposit
- Suvidha Tax Savings Fixed Deposit
- IDBI Bank Floating Rate FD
- Naman Senior Citizens Deposits
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FAQs on IDBI Bank Fixed Deposit Rates
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Is it possible to open a joint FD account with IDBI Bank?
Yes, you can open a joint FD account with IDBI Bank
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What is the minimum amount that must be deposited in order to open an FD account with IDBI Bank?
The minimum amount that must be deposited in order to open an FD account with IDBI Bank is Rs.10,000.
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Are senior citizens provided an additional interest rate if they open an FD account with IDBI Bank?
Yes, senior citizens are provided an additional interest rate if they open an FD account with IDBI Bank.
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Does IDBI Bank provide the premature withdrawal facility on its FD account?
Yes, IDBI Bank provides the premature withdrawal facility on its FD account. However, a penalty will be levied in the case of premature withdrawal.
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Can I avail a loan against the FD account offered by IDBI Bank?
Yes, you can avail a loan against the amount that is available in the FD account.
