Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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    Overview of IDBI Bank Fixed Deposit  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    15 Days to 20 Years
    4.25% - 7.15% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6% - 6.65% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Overview of IDBI Bank Fixed Deposit is Rated as "Excellent!" by 28 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    About IDBI Bank:

    IDBI stands for Industrial Development Bank of India. Headquartered in Mumbai, it is one of the major government-owned banks in India. The bank was established in 1964 by an Act of Parliament to provide financial services to the emerging Indian industry.

    The bank offers products and services like Preferred Banking, Savings Accounts, Flexi Current Accounts, Corporate Payroll Accounts, Flexi Deposits, Lockers, Loans and Cards to name a few.

    The bank also offers customized banking and financial solutions to its retail and corporate customers through its large network of branches and ATMs spread across the country. IDBI bank has an international presence with its branch offices in Dubai, Singapore and Beijing. Also, the bank has plans to expand its network to various parts of the world.

    IDBI bank has a total balance sheet size of ₹ 3, 28,997 crore and overall business of ₹ 4, 33,460 crore so far.

    IDBI Bank Fixed Deposits:

    Like all other banks in India, IDBI Bank also offers fixed deposits at competitive interest rates to help its customers get maximum returns on their savings with IDBI Bank. A fixed deposit account provides higher returns on your savings than a normal savings account. Investing in IDBI Bank’s fixed deposit accounts, you are assured of returns on your savings. The bank has three major schemes for fixed deposits which include ‘Freedom Deposit’, “IDBI Bank Suvidha Tax Saving Fixed Deposit” and “IDBI Bank Floating Rate Term Deposits”.

    Features & Benefits of IDBI Bank Freedom Deposit:

    • Minimum deposit period of 15 days and a maximum period of 20 years.
    • Get access to your deposits anytime.
    • Minimum deposit required is ₹ 10,000 to open an FD account.
    • Get attractive rates of interest.
    • Senior citizens can also open their FD accounts with IDBI Bank. They are entitled to get extra 0.5% benefit on their deposits for a period of 6 months 2 days and above.
    • The bank does not charge any penalty fee on premature withdrawal of Fds.
    • Get overdrafts against your fixed deposits.
    • Auto renewal facility is available on maturity.
    • Different deposit options are available.
    • Get interest at monthly, quarterly and annual basis depending on your preference.

    Features & Benefits of IDBI Bank Suvidha Tax Saving Fixed Deposit:

    • Door to door banking service is available.
    • Individuals and members of HUF can invest in this deposit.
    • Deposit is accepted for a period of 5 years.
    • You can deposit up to ₹ 1.5 lakhs.
    • Avail a lump sum amount on maturity of your deposits after 5 years.
    • Loans are provided against this deposit. You can get home loans, personal loans and educational loans with minimal paperwork.

    Features & Benefits of IDBI Bank Floating Rate Term Deposits:

    • Get loans against your term deposits under this scheme.
    • Nomination facility is available.
    • Minors are allowed to open their FD account jointly under this scheme.
    • Automatic renewal option is available.
    • Get tax deduction at source.
    • No premature withdrawal up to 1 year.
    • Senior citizens are allowed to open their FDs under this scheme with additional rates of interest.
    • Individuals can open their FD accounts both jointly and singly
    • Minimum amount required to open an FD is ₹ 10,000.
    • Maximum amount required to open an FD is less than ₹ 1 crore.
    • Deposit is accepted for a minimum period of 1 year and a maximum period of 20 years.

    IDBI Bank FD Eligibility:

    Resident Indians, NRIs, senior citizens and members of HUF can open their fixed deposit accounts with IDBI Bank and get maximum returns on their savings.

    Minimum/Maximum amount required to open an FD account with IDBI Bank:

    The minimum amount required to open a fixed deposit account with IDBI Bank is ₹ 10,000 and the maximum amount is ₹ 99,99,999.

    Minimum/Maximum deposit tenures of IDBI Bank FDs:

    IDBI Bank accepts deposits for a minimum tenure of 15 days and a maximum tenure of 20 years.

    IDBI Bank FD Interest Rates:

    The bank offers attractive rates of interest on its fixed deposits. For domestic and NRO term deposits, the highest rate of interest offered by the bank is 8.80%. The lowest rate of interest offered by the bank for the same is 4.50%. However, these rates of interest are applicable for investing less than ₹ 1 crore. For IDBI Bank Floating Rate Term Deposits, the highest rate of interest offered by the bank is 8.86%; the lowest rate of interest for the same is 8.46%. The interest rates of IDBI Bank vary based on the tenure of deposits and the amount deposited. However, these interest rates are subject to change from time to time without providing prior notice to its customers.

    IDBI Bank FD for Senior Citizens:

    IDBI Bank allows senior citizens to open their fixed deposit accounts with the bank. It offers special rates of interest for senior citizens. They can invest for a minimum period of 15 days to a maximum period of 20 years with IDBI Bank. The highest rate of interest offered to senior citizens is 9.10%. The lowest rate of interest offered to them is 4.50%.

    Does IDBI Bank Allow Renewal of its Existing FDs?

    Yes, IDBI Bank allows renewal of its existing fixed deposit accounts. The bank also provides auto renewal facility for its fixed deposits on maturity.

    Does IDBI Bank Charge Premature Withdrawal Charge on FDs?

    IDBI Bank does not charge any penalty fee for premature withdrawal of its fixed deposits.

    Are Loans Provided Against FDs at IDBI Bank?

    Yes, IDBI Bank provides loans against fixed deposit accounts under its “IDBI Bank Suvidha Tax Saving Fixed Deposit Scheme”. You can apply for educational loan, home loan, personal loan etc. against your fixed deposits opened under this scheme.

    Does IDBI Bank provide Tax Saver Fixed Deposits?

    Yes, IDBI Bank offers tax saver fixed deposits under its “IDBI Bank Suvidha Tax Saving Fixed Deposit Scheme”. The bank has the legal right to deduct tax at source if the total interest payable on all term deposits held by a person exceeds ₹ 10,000 per year, the amount mentioned under the Income Tax Act, 1961. You will get a TDS certificate from the bank after tax deducted at source.

    News About IDBI Bank Fixed Deposit

    • IDBI Bank ratings revised by ICRA

      The rating for multiple products offered by IDBI Bank was revised by ICRA recently, highlighting changing trends and offering insight to investors. The Basel 3 Compliant Tier 2 Bonds scheme of the bank was changed from [ICRA] AA+ (Hyb) to [ICRA] AA (Hyb), while the Additional Tier 1 Bonds Programme which had a rating of [ICRA] AA- (Hyb) was changed to [ICRA] A+ (Hyb).

      Other changes include the Upper Tier 2 Bonds Programme which was changed from [ICRA] AA to [ICRA] AA- and the Basel 2 Compliant Perpetual Bonds Programme which has a new rating of [ICRA] AA-, changed from its old rating of [ICRA] AA.

      23rd February 2016

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  • IDBI Bank Fixed Deposit Reviews

    • IDBI Fixed Deposit
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I would suggest IDBI bank is the best one to get the fixed because of the good rate of interest . Customer service is good one and am with them from the last three years of time. Penalty charges are lesser one with the m for the premature withdraw.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 19, 2017
    • IDBI Fixed Deposit
      "Very Responsive"
      0.5 4.0/5 "Great!"
      I deposited some amount with IDBI bank as a fixed deposit. Actually I deposited this amount for future savings also I will be getting some good interest rate at the end of the year. I got good support from the bank executives and they provided all the information regarding FD.
      Was this review helpful? 1
      , indore
      Reviewed on May 04, 2017
    • IDBI Fixed Deposit
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      From the last one year of time I am having the fixed deposit account with the IDBI bank. The rate of interest is around 8.5% as a fixed one. Customer service is good with them and the interest will be compounded monthly.
      Was this review helpful? 5
      , halol
      Reviewed on Apr 08, 2016
    • IDBI Fixed Deposit
      "Go for It!!!"
      0.5 5.0/5 "Blown Away!"
      IDBI is giving the interest rate according the rbi rules for the fixed deposit. They give the 7.75% interest rate there is no minimum lock in period. But if you withdraw the amount in between the lock in period they will charge penalty. There is activation and processing.We can avail the facility through online.
      Was this review helpful? 3
      , pune
      Reviewed on Apr 08, 2016
    • IDBI Fixed Deposit
      "Very good rates"
      0.5 5.0/5 "Blown Away!"
      I hold a Fixed Deposit with IDBI bank. Compared to other nationalised banks, their rates, fees and charge are nominal and affordable by almost everybody. Their schemes and processing is good enough. The executives are also helpful and respond well. The interest rate offered is 10%.
      Was this review helpful? 4
      , bhubaneshwar
      Reviewed on Mar 17, 2016
    • IDBI Fixed Deposit
      "Nothing new"
      0.5 4.0/5 "Great!"
      IDBI FD is very good. This was taken for a period of 3 years. Nothing special about them/ interest rate was good . Nothing negative to report about them and I have fill the 15 G form for getting tax benefit and I will be getting tax benefits at the time of maturity,
      Was this review helpful? 4
      , mumbai
      Reviewed on Nov 07, 2015
    • IDBI Fixed Deposit
      "Communication was very nice"
      0.5 4.0/5 "Great!"
      Communication was very nice when it comes to IDBI FD. This is the first time I have opened this FD interest rate was good. Rate of interest offered by them this time was very low. I understand its purely based on the market it would change. I holding 2 FD with the same bank and I am holding it approximately for a period of 3 years and its a compounded interest
      Was this review helpful? 4
      , pune
      Reviewed on Oct 17, 2015
    • IDBI Fixed Deposit
      "Best FD at you Finger Tips"
      0.5 5.0/5 "Blown Away!"
      I usually place the FD with IDBI Bank. Placing FD is as easy as it was never before. It just happens in two mins over the internet with the options as required by the customer. Also the interest rates as Good as compared to market and i recommend you should try it.
      Was this review helpful? 16
      , pune
      Reviewed on May 15, 2015
    • IDBI Fixed Deposit
      "Very Good"
      0.5 4.0/5 "Great!"
      I hold an fixed deposit from IDBI bank. The interest rate offered is 9.25% and i used to take the tenure for 500 days in which i have completed my first tenures and started the second time The advantage of taking 500 days tenure is that we will be charged 2.5% more interest while the withdrawal.
      Was this review helpful? 4
      , hyderabad
      Reviewed on May 09, 2015
    • IDBI Fixed Deposit
      "Really good "
      0.5 5.0/5 "Blown Away!"
      IDBI Fixed deposit is really good. There are 2 types of fixed deposit once is fixed and other is flexi. Flexi deposit is linked to the savings account, where as and when I want we can with draw funds form the ATM and for the remaining amount they would they would provide interest. They will also provide over draft facility on this deposit and where we can withdraw up to 90% of the amount and I have already referred my friend for this deposit,
      Was this review helpful? 9
      , bangalore
      Reviewed on May 05, 2015
    • IDBI Fixed Deposit
      "Review on Fixed deposit"
      0.5 4.0/5 "Great!"
      Services are very good in IDBI and for liquidation of the amount they just took 15 minutes and this happened in my case. I had fixed deposit and closed it before mature date. IDBI helped me in getting liquidity even after bank closing hours. No penalty charges for pre matured withdrawal
      Was this review helpful? 6
      , ahmedabad
      Reviewed on Mar 31, 2015
    • IDBI Fixed Deposit
      "Review on Fixed deposit"
      0.5 3.5/5 "Pretty good"
      Services are very good in IDBI and for liquidation of the amount they just took 15 minutes and this happened in my case. I had fixed deposit and closed it before mature date. IDBI helped me in getting liquidity even after bank closing hours. No penalty charges for pre matured withdrawal
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Mar 23, 2015
    • IDBI Fixed Deposit
      "Excellent..."
      0.5 5.0/5 "Blown Away!"
      Services are very good in IDBI and for liquidation of the amount they just took 15 minutes and this happened in my case. I had fixed deposit and closed it before mature date. IDBI helped me in getting liquidity even after bank closing hours. No penalty charges for pre matured withdrawal.
      Was this review helpful? 9
      , kolkata
      Reviewed on Mar 13, 2015
    • IDBI Fixed Deposit
      "Use r friendly services"
      0.5 3.5/5 "Pretty good"
      I had opened up fixed deposit account with IDBI before 3 years. Its a compounding interest rate with good returns compared with other banks. I get regular intimations about fixed deposit certificate via on line. I would like to suggest IDBI as its user friendly services.
      Was this review helpful? 8
      , mumbai
      Reviewed on Jan 29, 2015
    • IDBI Fixed Deposit
      "Good experience!!"
      0.5 4.0/5 "Great!"
      On quarterly basis rate would be accumulated and providing rate of interest for Fixed deposit is 9.25%. IDBI is near to my residence thus the officials came my place and they suggested to open FD. They cooperated well and they did everything on behalf of me. Status are being mailed timely regarding fixed deposit so overall I am satisfied.
      Was this review helpful? 6
      , kolkata
      Reviewed on Jan 06, 2015
    • IDBI Fixed Deposit
      "Good"
      0.5 3.5/5 "Pretty good"
      The deposit which I have with IDBI bank was good. As this deposit is linked to my company it is easy for me to access it through the office executive who takes care of it. The customer support is really good. The rate of interest they provided was 13% which is good as it is an offer for certain corporate companies only.
      Was this review helpful? 5
      , new delhi
      Reviewed on Dec 24, 2014
    • IDBI Fixed Deposit
      "Unmatched Fixed Deposit Scheme"
      0.5 5.0/5 "Blown Away!"
      I recently opened a New Fixed Deposit account at IDBI Bank (Kolkata). I compared The Prevailing Rate of Interest in the Current Period & Found that They're Offering The Highest Rate of Interest (At Per with Another nationalised Bank). Moreover there was a prevailing offer which Said that there would be no Deduction Charges if we close the a/c before Maturity Date. & The Best Part was, I didn't have to Visit the Bank, I just made a Call & they Sent Their Representative Down to Collect The Cheque. They're Highly Professional & I'm Very Happy with Their Service. Of Course Recommended! :)
      Was this review helpful? 5
      , kolkata
      Reviewed on Dec 07, 2014
    • IDBI Fixed Deposit
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I have been a customer with IDBI bank since 2005. The service is good and rate of interest is better than other Nationalised Bank. Staff is very smart and they manage to keep the customers happy and offer other investment ideas whenever they get a chance. I recommend this bank for any investment services.
      Was this review helpful? 6
      , navi mumbai
      Reviewed on Nov 15, 2014
    • IDBI Fixed Deposit
      "Very good"
      0.5 4.0/5 "Great!"
      My experience of maintaining a fixed deposit with IDBI bank for the past 5 years was good. They are very committed in customer satisfaction and customer delight. They have better services than other banks. I had opened this FD through net banking as I was a savings account holder of the bank. They offered me a very good interest rate of around 9.5% and I renew the FD every year.
      Was this review helpful? 3
      , raipur
      Reviewed on Nov 11, 2014
    • IDBI Fixed Deposit
      "Highly Professional Service..!"
      0.5 4.5/5 "Excellent!"
      I Recently Opened a FIXED DEPOSIT Account with IDBI Bank, & I'm very Happy with their Service & Their Interest Rate as Well..! One of Their Personnel came down to my Place for The Processing..! They're Always Highly Professional & Very Punctual - Hence Highly Recommended..! :)
      Was this review helpful? 5
      , kolkata
      Reviewed on Oct 17, 2014
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