Whoever said wishes don’t come true hasn’t explored our offers!

IDBI RD Interest Rates 2019

 4.5 / 5.0   by 10 users
Used this product? Write a review >>

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

IDBI Bank offers attractive interest rates on recurring deposits (RD). The RD tenure ranges from 1 year to 10 years. You can open RDs with interest rates ranging from 6.25% to 7.25%. Senior citizens get an additional interest rate of 0.50%. The monthly deposit amount can range from Rs.100 to up to Rs.1 crore.

IDBI Bank RD Interest Rates

Tenure Interest Rate p.a. (General Public) Interest Rate p.a. (Senior Citizen)
1 year 7.25% 7.75%
More than 1 year to 2 years 7.20% 7.70%
More than 2 years to 3 years 7.05% 7.55%
3 years to less than 5 years 6.85% 7.35%
5 years 6.85% 7.35%
More than 5 years to 7 years 6.25% 6.75%
More than 7 years to 10 years 6.25% 6.75%

IDBI Bank - Short Term RD Interest Rates

IDBI Bank offers RDs short-term deposits with tenures starting from 1 year to up to 2 years. The interest rate offered is 7.25% and 7.20% respectively.

IDBI Bank - Medium and Long Term RD Interest Rates

The mid-range RDs start from 3 years to less than 5 years. The interest rate offered on the mid-term recurring deposit plans is 6.85%. Meanwhile, the tenure for long-term RDs is from 5 year to 10 years. The interest rate offered by IDBI Bank for this period is 6.25%.

IDBI Bank - Senior Citizen RD Interest Rates

IDBI Bank offers an additional interest rate of 0.50% on senior citizen recurring deposit accounts. For RD tenures from 1 year to 2 years, the interest rate is 7.75%. In case of RD tenures from more than 7 to 10 years, the interest rate is 6.75%.

You can invest in IDBI RD and get into the habit of saving monthly.

More you need to know about Recurring Deposit

Read More Articles On RD

News About IDBI Bank Recurring Deposit Interest Rates

  • IDBI Bank RD Interest Rates Revised

    IDBI Bank has revised the recurring deposit interest rates that it offers to its customers. In case an individual opens an RD account with IDBI Bank, the rate of interest that he/she will get for choosing a tenure of 1 to 2 years is 6.40%. For choosing a tenure of 2 to 3 years, the rate of interest that can be availed is 6.00%.

    For senior citizens, the RD interest rate goes up to 6.90% for a tenure of 1 to 2 years. For 3 to 5 years, senior citizens can enjoy interest rate of 6.50% on their recurring deposits with IDBI Bank.

    13 April 2017

  • Deposit Rates Cut By IDBI Bank

    IDBI Bank, which is owned and run by the State, has brought down rates of interest rates on deposits of retail terms by a percentage of 0.5 with regard to maturity from 31 days to 2 years. These recent variations in the rates on such deposits lie in the range of 4.50 per cent and 6.40 per cent. With regard to senior citizens, these new rates shall be in the bandwidth of 4.5 per cent and 6.90 per cent. In a statement released to the press, the IDBI Bank has confirmed that these revised rates of interest are effective today. Every maturity bucket between 2 years upwards and up to 20 years are to be set to be slashed by anywhere between 0.75 per cent and 6 per cent. Meanwhile, senior citizens shall receive 6.50 per cent interest on all their maturity buckets.

    The interest-rates have been cut down by anywhere between 0.50-0.75 per cent to 6.40-6 per cent within the range of 1 year and 10 years when it comes to recurring deposits of regular customers. With regard to senior citizens, this recurring deposit rate has been slashed by 0.5 per cent for a 1-2 year period. For maturity bucket between over 2 years and 10 years, these interest rates have been slashed by 0.75 per cent each to 6.50 per cent.

    5 April 2017

  • IDBI Bank RD Rates Revised

    The rate of interest associated with a tenure of 1 year to less than 2 year is 7.30%. The rate of interest applicable on a tenure of 2 years to less than 3 years stands as 7.25%. Same rate of interest is also applicable on RDs with a tenure of 3 years to less than 5 years, 5 years, more than 5 years to 7 years and more than 7 years to 10 years. The NRO recurring deposit rates stand at 7.30% for a tenure of 1 year to less than 2 years. For all the other tenures, the rate applicable is 7.25%. The NRE recurring deposit rates stand at 7.30% for a tenure of 1 year to less than 2 years. For all the other tenures, the rate applicable is 7.25%.

    10 November 2016

  • IDBI updates Recurring Deposit Interest Rates

    IDBI Bank is one among the leading banks offering RDs with excellent interest rates. Monthly deposit amount for Regular Recurring Deposits can range from Rs 100 to up to Rs 1 crore, with tenure period ranging between 12 months to 120 months. The interest rates for regular RDs varies from 7.4% to 7.25% p.a based on the tenure. Senior citizens can expect an interest rate of 7.9% to 8% per annum depending on the RD amount and the tenure. NRO RDs now attract an interest rate of 7.4% to 7.25% p.a while the interest rate for NRE Recurring Deposits remains to be 7.4% to 7.5% per annum.

    1 August 2016

Recurring Deposit - Sitemap

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

IDBI Bank RD Rates Reviews

Page 1 of 1
  • IDBI Recurring Deposit
    "With LIC, you can trust them even more"
    IDBI BANK
    0.5 3.0/5 "Satisfactory"
    The interest rate was good for Recurring Deposit. I believe, IDBI is providing around 8 to 9%. I have done it for one year before 2 years back. The bank is next to my place and their staffs were friendly. They are easily accessible and any queries will be solved in time.
    Was this review helpful? 7
    , bangalore
    Reviewed on Jul 26, 2019
  • IDBI
    IDBI Recurring Deposit
    "satisfactory"
    IDBI BANK
    0.5 5.0/5 "Blown Away!"
    I have a savings account with IDBI BANK since the interest rate is good so have decided to open Recurring Deposit with them and its 5 years now. They offer 8.6% which was satisfactory. Its a monthly investment and have enabled ECS option. This account is manageable online.
    Was this review helpful? 4
    , bangalore
    Reviewed on Mar 19, 2019
  • IDBI Recurring Deposit
    "Satisfactory Service"
    IDBI BANK
    0.5 4.0/5 "Great!"
    As my salary account is with IDBI bank, based on it I opened recurring deposit account. I had opened this for one year. They offered good interest rate for my RD account. I have ecs mode of payment as my salary account is with the same bank.
    Was this review helpful? 4
    , indore
    Reviewed on May 04, 2017
  • IDBI Recurring Deposit
    "My RD"
    IDBI BANK
    0.5 4.0/5 "Great!"
    I decided to part some amount in RD with IDBI Bank. I normally deposit rs 1800 and there is no bench mark for the maximum amount. I get tax benefit . Interest rate that I earn on my RD is reasonable. Through the branch this RD was set up and my RD is 3 months old.
    Was this review helpful? 2
    , jamshedpur
    Reviewed on Sep 24, 2016
  • IDBI Recurring Deposit
    "Good option"
    IDBI BANK
    0.5 4.0/5 "Great!"
    In the recurring deposit the minimum lock in period for three months . IDBI bank is giving 7.75% interest rate. The minimum amount to start the plan is Rs.1000. The rates are flexible if we choose the floating rate. It is good option for the investor.
    Was this review helpful? 4
    , pune
    Reviewed on Apr 08, 2016
  • IDBI Recurring Deposit
    "Good plan"
    IDBI BANK
    0.5 5.0/5 "Blown Away!"
    I do have a recurring deposit with IDBI Bank for last 2years and its a 2years plan.I have taken this account through online itself.They have applied interest rate around 9% for the recurring deposit.I pay around 3000Rs for this Bank in monthly basis for recurring deposit.
    Was this review helpful? 4
    , guwahati
    Reviewed on Oct 23, 2015
  • IDBI Recurring Deposit
    "Good "
    IDBI BANK
    0.5 4.0/5 "Great!"
    I had the recurring deposit with the IDBI bank and I have closed it. The rate of interest is around 8%. The interest will compounded for 10 months of time. I used to deposit 15 thousand Rupees per months and the charges for cancellation is zero.
    Was this review helpful? 4
    , chennai
    Reviewed on Oct 10, 2015
  • IDBI Recurring Deposit
    "Excellent.."
    IDBI BANK
    0.5 5.0/5 "Blown Away!"
    Had a recurring deposit and the IDBI offered me the promised rate of interest. After the tenure period they directly credited in to my account . Each and everything is perfect in IDBI. Though they are a government organization they are excellent in services. Rate was around 8.5% to 9%. Now they have cash deposit machines as well.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 26, 2015
  • IDBI Recurring Deposit
    "Easy to open recurring deposit!!!"
    IDBI BANK
    0.5 4.0/5 "Great!"
    All is good with IDBI particulary on recurring deposit service and the interest rate is around 8.75%. Reason that to have RD is any time we can take amount. If we take deposit amount in midst of tenure period they won't provide interest and they just provide outstanding amount. As my salary account is with IDBI thus I gave a single form to open recurring deposit and no much formalities.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jan 06, 2015
  • IDBI Recurring Deposit
    "Great "
    IDBI BANK
    0.5 3.5/5 "Pretty good"
    I am holding a RD with IDBI Bank. To start off the rate of interest offered by them for this RD account was 10.75% which is quite good. I have opened this account mainly because I hold a salary account with them. This account was opened in the year 2001. I have been transacting with them for the last 5 years. No documents required, its very simple. Its been linked automatically to my savings account and the money gets transferred to this RD account automatically.
    Was this review helpful? 0
    , lucknow
    Reviewed on Jan 02, 2015
Common Loader Icon
Page 1 of 1
reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.