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)|
|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%|
|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
- Compare RD Interest Rate of IDBI Bank with Other Banks and Institutions
- Check Features and Schemes of IDBI Bank Recurring Deposit