IDBI Recurring Deposit Interest Rates 2025

IDBI Bank offers enticing recurring deposit interest rates and the tenure ranges from 1 – 10 year.  One can open an IDBI RD account by depositing an amount as low as Rs. 100.  The IDBI RD interest rates go up to 5.25% for general citizens and 5.75% for senior citizens.


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IDBI Bank offers attractive interest rates on its recurring deposit (RD) schemes. IDBI Systematic Savings Plan enables you to add to your savings at your convenience. The Recurring Deposit account can be opened with a minimum amount of Rs.100 with a tenure ranging between one year and ten years.

The bank also offers IDBI Bank Systematic Savings Plan Plus which can be opened with a minimum instalment amount of Rs.5,000. The tenure can range between 3 and 10 years. The interest rate offered on the RD tenures ranges from  6.50% p.a. to 6.80% p.a. senior citizens are offered additional interest of 0.50%.

Also, Check - Fixed Deposit Interest Rates

IDBI Bank Recurring Deposit Interest Rates

Tenure  

Interest Rate p.a. (General Public)  

Interest Rate p.a. (Senior Citizen)  

1 year  

6.80% 

7.30% 

More than 1 year to less than 15 months  

6.80%  

7.30% 

15 months to less than 24 months  

6.80% 

7.30% 

24 months to less than 36 years  

7.00%  

7.50%  

36 years to less than 60 years  

6.50%   

7.00%  

More than 5 years to 7 years  

6.50%  

7.00%  

More than 7 years to 10 years  

6.50% 

7.00% 

Note: The interest rates mentioned in the table above can vary according to the bank's discretion. These rates are effective from 12 November 2023.  

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IDBI Bank - Medium Term RD Interest Rates

Recurring Deposit (RD) accounts which are opened for a period that ranges between one year and three years are known as medium-term RD accounts. The interest paid by the lender on these tenures is in the range of  6.50% p.a. to 6.80% p.a.    

Know more about -  IDBI Bank RD Calculator  

IDBI Bank - Long-Term RD Interest Rates

Any RD account opened for a period above three years falls under the category of  long-term recurring deposit. The interest paid on such deposits is 6.50% p.a.

IDBI Bank - Senior Citizen RD Interest Rates

IDBI Bank offers an additional interest rate of 0.50% to senior citizens on recurring deposit accounts. The interest paid to citizens above the age of 60 years for opening a medium-term or long-term RD with IDBI Bank is in the range of 7.00% p.a. to 7.30% p.a. 

FAQs on IDBI RD Interest Rates

  • What is the minimum and maximum eligible tenure when it comes to IDBI SSP Plus?

    The minimum insurance tenure is three years and completed quarters. As for the maximum tenure it is ten years.

  • What is the minimum instalment amount with regard to SSP Plus?

    The minimum instalment amount is Rs.5,000 and multiples of 100 thereof.

  • What does the bank's Systematic Savings Plan (SSP) Plus offer?

    In addition to regular savings with principal plus interest protection, IDBI Bank also offers complimentary insurance cover and reward points.

  • How many complimentary reward points are offered by IDBI Bank for opening an SSP plus account?

    IDBI Bank offers up to 1,000 complimentary one-time redeemable reward points.

  • Who can open a recurring deposit account with IDBI Bank?

    A recurring deposit account with IDBI Bank can be opened by individuals and Hindu Undivided Families (HUFs).

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