IDBI Bank is a public sector bank that has been offering high-quality financial services and products from the last 40 years. IDBI Bank Fixed Deposits (FDs) are a good way to save money or make a lucrative investment that will pay guaranteed returns. The bank offers a number of FD schemes, including tax saving deposits for those seeking the same. You can get attractive interest rates on Fixed Deposits offered by IDBI Bank. The rates of interest offered is between 2.90% p.a. and 5.20% p.a. for general citizens. Senior citizens are offered additional interest of 0.50% p.a. on all investment tenures.
| Tenure bucket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
|---|---|---|
| 7 days to 14 days | 2.90% p.a. | 3.40% p.a. |
| 15 days to 45 days | 3.00% p.a. | 3.50% p.a. |
| 46 days to 90 days | 3.25% p.a. | 3.75% p.a. |
| 91 days to 6 months | 3.90% p.a. | 4.40% p.a. |
| 6 months 1 day to 270 days | 4.40% p.a. | 4.90% p.a. |
| 1 year up to 5 years | 5.15% p.a. | 5.65% p.a. |
| 5 years | 5.20% p.a. | 5.70% p.a. |
| 5 years up to 10 years | 5.15% p.a. | 5.65% p.a. |
| 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 01 October 2020.
Different FD schemes offered by IDBI:
- Freedom Deposit
- Godhuli Retail Term Deposit
- IDBI Bank Floating Rate FD
| Tenure | Amount | Types | Other benefits |
|---|---|---|---|
| From 7 days to 20 years | Rs.10,000 and above | Cumulative and non-cumulative | Nomination, joint account, loan/OD, etc |
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 | 5.20% | 5.70% |
*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 01 October 2020.
IDBI Bank NRI Fixed Deposit Rates
Non to Resident Indians (NRIs) can make an investment through Fixed Deposits offered by IDBI Bank. The schemes include Foreign Currency Non to Resident (Bank) deposit, Non to Resident External (NRE) FD and Non to Resident Ordinary (NRO) FDs.
IDBI Bank NRE Term Deposit Rates (Less than Rs.2 crore)
| Tenure | Interest Rates (p.a.) for General Citizens | Interest Rates (p.a.) for Senior Citizens |
|---|---|---|
| 1 year | 5.20% | 5.70% |
| 1 year 1 day to 2 years | 5.25% | 5.75% |
| 2 years 1 day to less than 3 years | 5.25% | 5.75% |
| 3 years to less than 5 years | 5.30% | 5.80% |
| 5 years | 5.40% | 5.90% |
| 5 years 1 day to 7 years | 5.40% | 5.90% |
*The IDBI Bank NRE FD rates tend to vary at the discretion of the bank. The rates of interest given here are valid as of 15 September 2020.
IDBI Bank Fixed Deposit Calculator
- Visit the IDBI Bank’s official website.
- Click on the ‘Term Deposit Calculator’.
- Select the type of the calculator from the dropdown list:
- Monthly Interest Calculator
- Quarterly Interest Payout Calculator
- Quarterly Cumulative Deposit Calculator
- Enter the principal deposit amount.
- Enter the interest rate based on the FD tenure.
- Click on ‘Submit’ to check the interest income.
