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    IDBI Bank Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    15 Days to 20 Years
    4.25% - 7.65% Monthly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7.15% Monthly compounding
    Response Time Within 30 minutes

    IDBI Bank Fixed Deposit Rates is Rated as "Excellent!" by 26 Users

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    Promised Interest Rate

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    How to find the best rates for IDBI Fixed Deposit

    Established in 1964 by the government of India through an Act of Parliament with the aim of providing credit and other financial facilities for the development of the Indian industry. Formerly known as Industrial Development Bank of India, IDBI is a government owned financial services company that has its headquarters in Mumbai. With 1659 branches and 2912 ATM centres, IDBI is one of 27 commercial bank owned by the government of India and yet is one of the leading government banks in India, today.

    IDBI Bank Ltd. offers fixed deposits at competitive interest rates and at flexible tenures so as to ensure customers can maintain liquidity according to their needs while maximising returns.

    Although, interest rates are fixed for the chosen deposit period, the bank can alter interest rates over a period of time which will affect customers when renewing existing accounts or making fresh deposits. The above table captures all changes as soon as the bank announces the same thereby allowing customers to avail the best and latest interest rates in a timely manner.

    IDBI Bank Ltd. Short Term Fixed Deposit Rates

    IDBI Bank Ltd. provides its depositors with competitive rates of interests for their short term deposits. For fixed deposits accounts of durations ranging between 15 days - 30 days, IDBI offers an interest rate of 4.75% p.a. The interest rate is increased by .75% and further by 2.50% for a tenure of 31 days - 45 days and 46 - 60 days respectively. 6.50% p.a. is the interest rate offered to depositors who choose a term in the range of 61 days - 90 days. 91 days- 6 months term deposits accrue interest at the rate of 7.00% p.a. The rate of interest increases by 0.25% 7.25% for tenure of 6 months and 1 day to 270 days 7.25% and is stable for tenure 271 days – less than 1 year fixed deposit accounts accrue interest at the rate of 7.25% p.a.

    IDBI Bank Ltd. Medium and Long Term Fixed Deposit Rates

    IDBI Bank Ltd. offers high returns on investments held in the medium or long term. For deposits terms ranging from 1 – less than 2 years, investments earn at the interest rate of 7.50% p.a. Investments made in fixed deposits accounts with IDBI Bank Ltd. for terms ranging from 2 – less than 3 years, the rate of interest levied is 7.50% p.a. Interest rates on fixed deposits for holdings of 3 – less than 5 years and 5 years remains the same as the rate of interest offered for tenures of 2 - 3 years, i.e. 7.40%.

    IDBI Bank Ltd. Senior Citizens Fixed Deposit Rates

    IDBI Bank Ltd. offers revised interest rates to its customers above the age of 60 years who come under the category of senior citizens. Senior citizens with fixed deposit accounts of durations ranging from 15 days to 30 days avail earnings at the interest rate of 4.75% p.a. Durations of 31 days - 45 days for a fixed deposit account, earns senior citizens interest at the rate of 5.50% p.a.

    The rate of interest is increased by .75% p.a. at 6.25% for terms ranging between 46 days to 60 days. A booming rate of interest of 6.50% p.a. is offered for durations between 61 days to 90 days. Tenures of 6 months 1 days to 1 year earn interest at the rate of 7.25% p.a., 8.00% p.a. is the rate at which interest is awarded to tenures between 1year to less than 2 years. Term deposits ranging from 2 - 3 years is 8.00%, for 3 - 4 years, 5 years are charged a rate of interest of 7.9o% p.a.

    News About IDBI Bank Fixed Deposit

    • Base rate cut by 10 bps by IDBI bank

      The base rate or the minimum lending rate has been reduced by IDBI bank. The base rate currently stands at 9.65 % per annum. Prior to the reduction, the base rate was 9.5 % per annum.

      The BPLR (Benchmark Prime Lending Rate) has also gone down to 14.15 % per annum from 14.25 % per annum. This fact was stated by IDBI bank during a release. All the revisions that have been done to the rates are also effective now. IDBI bank has also reduced its MCLR (Marginal Cost to Funds based Lending Rates). The bank also mentioned that there will be a positive impact on the growth curve of the loans after the benchmark rate reduction. The impact will be visible in both corporate sector lending and retail consumer segment. This will also provide support to the economy’s growth impulse. The retail deposit rates have also been changed by IDBI Bank by 10-25 bps. This is done in selected buckets – three years to less than five years, 31 days to 45 days and 15 days to 30 days.

      28th July 2016

    • Fixed Deposit Rates for IDBI

      IDBI Bank has made some nifty changes to the interest rates offered on its fixed deposits. The latest changes include slight variants from the earlier rates.

      For deposits of 15 days to 30 days the rate of interest is 4.5% per annum, 5.25% per annum for 11 to 45 days and 6.25% per annum for 46 to 60 days. It rises to 6.75% for a tenure of 61 to 90 days and further to 7.25% per annum for tenure of 91 days to 6 months. From 6 months to less than 1 year, the rate of interest is 7.50% per annum and it increases to 7.75% per annum for the period of 1 year to less than 2 years. From 2 years to 20 years, the rate of interest remains at 7.5% per annum. Senior citizens might get an extra 0.50% over the advertised rates from tenures of 271 days and more.

      9th February 2016

    • IDBI Bank interest rate cuts

      IDBI Bank Ltd. offers fixed deposits at competitive interest rates and at flexible tenures in order to ensure customers’ ability to maintain liquidity according to their needs while maximising returns.

      The bank has cut interest rates for the regular and senior citizen fixed deposits, with effect from. November 16, 2015. For tenures of 91 days to 6 months, the rates will fall by 0.25% to 7%, from the previous rate of 7.25% deposits up to Rs. 1 crore. Likewise, for deposits maturing in 6 months t0 270 days, the rate of interest will now be 7.25% from the earlier 7.35%. Deposits with tenures of 270 days to less than one year will now have an interest rate of 7.25% from the previous rate of 7.5%.

      19th November 2015

    • IDBI Bank cuts FD interest rates

      IDBI Bank has reduced the interest rates on their Retail Term Deposit for deposits with maturity more than 6 months and up to 270 days. The interest rate has been reduced by 40 basis points.

      For the deposits with maturity of over 271 days, the interest rate has been reduced by 25 basis points. But, the senior citizens will get 0.5 percentage points higher on their deposits having maturity duration of 1 year or above.

      The banks are reducing their FD rates as the policy interests have come down 0.75 percentage points so far in the year 2015.

      11th August 2015

    • IDBI Bank trims Fixed Deposit Rates

      Following the RBI’s actions of slashing the repo rate to 7.25%, many banks have gone ahead in reducing the interest rates charged and offered. Among ICICI, HDFC, Axis and others, IDBI has also reduced its interest rates on high value term deposits starting June 30, 2015.

      It’s worthwhile to mention that the growth trend pertaining to deposits with banks in financial year 2015 increased only by 11.42%, the lowest ever since 1961. Three consecutive policy rate cuts in 2015 and a slow credit market have forced the hand of most banks to trim deposit rates.

      Government sponsored schemes like Sukanya Samriddhi still offer prospective depositors a comparatively higher rate of return now. In the face of such competition, the 55 basis points slash by IDBI might not seem a very lucrative option for depositors.

      3rd July 2015

    • New rates cut announced by IDBI Bank

      IDBI Bank, one of the leading public sector banks in India announces its new rates cut in base and deposit rates. The bank cuts its base rate by 25 bps on last Thursday. Now, the new base rate of the bank stands at 10%. The new rates cut will be effective from May 11, 2015. The bank has also decided to reduce its retail term deposits/fixed deposit rates in select buckets by 10-25 bps with effect from the same date. It is expected that the reduction in interest rates will positively impact the loan growth of the bank.

      7th May 2015


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