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  • IDBI RD Interest Rates

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    Tenure Normal % Senior Citizen %
    1 year 6.75 7.25
    1yrs to 2yrs 6.50 7
    >2 yrs to <3 yrs 6.25 6.75
    3 yrs to < 5 yrs 6.25 6.75
    5 years 6 6.5
    > 5yrs - 7yrs 6 6.5
    >7 yrs - 10 yrs 6 6.5

    Get the Best Rates for an IDBI Bank Recurring Deposit

    A recurring deposit offers customers the convenience of saving small amounts of money every month which can ideally be used for their future. IDBI Bank offers two recurring deposit schemes namely - A regular recurring deposit plan and the IDBI Bank Suvidha Suraksha Recurring Deposit scheme. When the regular recurring deposit account is opened, the monthly deposit amount can range from Rs. 100 to up to Rs. 1 crore, with tenures chosen anywhere between 1 year and 10 years. The IDBI Bank Suvidha Suraksha Recurring Deposit scheme comes with a built-in insurance cover at a low premium. An insurance cover is provided equivalent to the recurring deposit monthly installment amount. The term of the insurance cover will be equal to the Suvidha Suraksha recurring deposit tenure, which is a minimum of 1 year to up to a maximum of 5 years. On maturity, savings is accumulated in the Suvidha Suraksha recurring deposit account. On death of the account holder during the cover term, the sum insured along with the accumulated savings is given.

    IDBI Bank - Short Term RD Interest Rates

    As short term deposit plans, IDBI Bank offers rd schemes with tenures starting from 1 year to up to 2 years. If a customer opens a recurring deposit account with a tenure between 1 year to 2 years, the interest rate offered is 6.50% and for 2 years to less than 3 years, offered interest rate is 6.25%.

    IDBI Bank - Medium and Long Term RD Interest Rates

    Customers have the option of selecting mid-range recurring deposit tenures starting from 3 years to less than 5 years. The interest rate offered on the mid-term recurring deposit plans is 6.25%. As longer tenure options, IDBI Bank offers rd schemes with tenures of above 5 years and up to 10 years. The interest rate offered by IDBI for longer recurring deposit tenures is 6.00%.

    IDBI Bank - Senior Citizen RD Interest Rates

    Senior citizens have the option of opening recurring deposit accounts with varying tenures at preferential interest rates. IDBI Bank offers an additional interest rate of 0.50% on senior citizen recurring deposit accounts. For recurring deposit tenures from 1 year to less than 2 years, the interest rate offered would be 7.00%. For any tenure beyond that, i.e., from 3 years to 5 years, the interest rate is 6.75% and 5 years to up to less than 10 years, the interest rate given by IDBI Bank is 6.50%.

    IDBI Bank - NRE Recurring Deposit Interest Rates

    Non-resident Indians can also open a recurring deposit account with IDBI Bank at attractive interest rates, depending on the tenure chosen.

    NRO Recurring Deposits - For this kind of a recurring deposit account, the interest rate offered per annum is 7.15% for a tenure ranging from 1 year to less than 2 years. For any NRO recurring deposit account tenure beyond that, i.e., from 5 years to up to 10 years, the interest rate given by IDBI Bank is 7.00%.

    NRE Recurring Deposits - For this kind of a recurring deposit account, the interest rate offered per annum is 7.15% for a tenure ranging from 1 year to less than 2 years. For any NRE recurring deposit account tenure beyond that, i.e., from 3 years to up to 5 years, the interest rate given by IDBI Bank is 7.15%.

    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.

      13th 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.

      5th 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%.

      10th 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.

      1st August 2016

    Recurring Deposit - Sitemap

    IDBI Bank RD Rates Reviews

  • Page 1 of 1
    • IDBI Recurring Deposit
      "Average service"
      IDBI BANK
      0.5 3.0/5 "Satisfactory"
      I have a savings account with IDBI bank for the past 5 years. As a long time customer with IDBI bank I trusted them and invested some money recurring deposit with IDBI itself. I renew this recurring deposit account every year. I get a interest of 7% which is very less.
      Was this review helpful? 0
      , delhi
      Reviewed on Nov 17, 2017
    • IDBI Recurring Deposit
      "Satisfied with the services"
      IDBI BANK
      0.5 5.0/5 "Blown Away!"
      I have opened a recurring deposit a number of times at IDBI and every process for this account was great. I had no hassles in getting the funds in to my account. The customer services has been excellent and they have been quick to complete their job on time.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 07, 2017
    • 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
      "Good. Can be more conveneint "
      IDBI BANK
      0.5 3.0/5 "Satisfactory"
      I had taken a recurring deposit with IDBI. To open this account I had an option to easily do it online. But at the time of closing it, it is a hectic process where I need to visit the bank and finish the formalities. There were no charges taken. The amount gets credited to my savings account without any delay.
      Was this review helpful? 2
      , bangalore
      Reviewed on Apr 08, 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? 2
      , 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
      "Normal one"
      IDBI BANK
      0.5 4.0/5 "Great!"
      I am holding a salary account with IDBI based on which I have opened this RD with IDBI Bank. There is no need for me to visit the Branch and I manage my account online. Its enough if I provide one nominee instruction all the accounts that I hold. I can open this online and there is no need for me to visit the branch and I am holding this account for 1.6 months.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 17, 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? 2
      , 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
      "Awesome"
      IDBI BANK
      0.5 5.0/5 "Blown Away!"
      IDBI bank provides very good interest rate of 9% for the RD plan comparing with other banks as they are offering only 8.75%. I had good experience with them as i was having the rd plan in which i was paying monthly Rs.5000 with the tenure period of 3 years and i took the amount in pre maturity they gave a good value without any charges.Minimum amount to start the plan is 500 rupees with the lock in period is 1 year.
      Was this review helpful? 1
      , mumbai
      Reviewed on Aug 04, 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
    • IDBI Recurring Deposit
      "Services is average"
      IDBI BANK
      0.5 4.0/5 "Great!"
      I have opened the recurring deposit for the period of 15months. As I had my salary account, I did opened this deposit. Interest rate would be of 8-9% and then at the end of maturity period, I get a good maturity amount. The experience with IDBI is good.
      Was this review helpful? 1
      , mumbai
      Reviewed on Sep 25, 2014
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