IDBI Bank Suvidha Fixed Deposit Scheme
If you are a customer of IDBI Bank then you can open an IDBI fixed deposit account if you wish to maximise your savings to take care of your financial needs in the future. You can apply for IDBI Bank Suvidha Fixed Deposit scheme where the application process is extremely simple and hassle-free.
The interest rate offered by the bank ranges between 3.00% p.a. and 7.00% p.a.
Benefits of IDBI Bank Suvidha Fixed Deposit
- You can have access to your FD account anytime.
- You can choose a tenure ranging from 7 days to 20 years.
- The minimum deposit amount starts at Rs.10,000.
- You can earn attractive interest rates on your deposits.
- Senior citizens earn an additional 0.5% interest on their deposits.
- There are various deposit options available as per your need.
- You will be, however, penalised in case of premature withdrawal.
- Overdraft facility available against your deposits.
- Auto-renewal facility is available.
Features of IDBI Bank Suvidha Fixed Deposit
- You can get the income interest credited to your account monthly, quarterly, half-yearly, or annually.
- You can get the interest earned on your deposits reinvested which would in turn help you earn higher.
- You can earn fixed interest on your deposits.
- You can avail overdraft facility where you can overdraft up to 90% of the deposit amount.
- Senior citizens will earn 0.5% extra interest on their deposit amount.
IDBI Bank Suvidha Fixed Deposit Interest Rate
Tenure | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
07-30 days | 3.00% | 3.50% |
31-45 days | 3.25% | 3.75% |
46- 60 days | 4.50% | 5.00% |
61-90 days | 4.75% | 5.25% |
91-6 months | 5.50% | 6.00% |
6 months 1 day to 270 Days | 6.00% | 6.50% |
271 days to < 1 year | 6.25% | 6.75% |
1 Year to 2 Years(except 375 days and 444 days) 555 days and 700 days | 6.80% | 7.30% |
More than two years to three years | 7.00% | 7.50% |
More than three Years to 5 years | 6.50% | 7.00% |
More than 5 years to 10 years | 6.25% | 6.75% |
More than 10 years to 20 years | 4.80% | 5.30% |
*The IDBI Bank Fixed Deposit rates tend to change at the bank’s discretion. The rates given here are valid as of 23 December 2024.
How to Apply for IDBI Bank Suvidha Fixed Deposit
Online
- Visit the net banking portal of IDBI Bank and enter your username and password to log in to the portal.
- You can then click on 'Fixed Deposit' under the 'Menu' section and apply to open an FD account. Submit the necessary documents.
- You can also open an FD account through the bank's mobile app.
Offline
- Visit the nearest IDBI Bank branch where a representative from the bank will help you with the application process.
FAQs on IDBI Bank Suvidha Fixed Deposit Scheme
- What is the minimum deposit amount?
You will have to deposit a minimum of Rs.10,000 to open an FD account.
- Can I open an FD account in the name of a minor?
Yes, you can open an FD account in the name of a minor.
- Will I need to have a bank account with the lender to open an FD account?
Yes, you will be required to have a savings account with the lender to open an FD account.
- Can I change my deposit amount?
Until your account attains maturity, you cannot change your deposit amount.
- Can I change my tenure?
You cannot change your tenure. It will remain fix throughout till your account matures.
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