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IDBI RD Interest Rates 2020

IDBI Bank offers attractive interest rates on recurring deposits (RD). The Recurring Deposit 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.

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

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