Industrial Development Bank of India (IDBI) a number one non-public sector financial institution has revised rates of interest on mounted deposits with impact from sixteenth August 2021. IDBI Bank affords two sorts of mounted deposit schemes that are Suvidha Fixed Deposit and Tax Saving Fixed Deposit. Both these deposits enable a minimal deposit quantity of Rs 10,000, auto-renewal facility, month-to-month, quarterly, and annual earnings plans, 0.50% further rate of interest for senior residents, overdraft facility, sweep in, and so forth. Under the Suvidha Fixed Deposit scheme, one can select a tenure starting from 7 days to 10 years whereas within the Tax Saving Fixed Deposit scheme one is required to remain invested for a lock-in interval of 5 years to get tax advantages below part 80C. Apart from all these components right here is all you have to learn about the newest rates of interest on mounted deposits of the financial institution.
IDBI Bank Regular Fixed Deposit Interest Rates
IDBI Bank is presently providing a 2.70 % rate of interest on FDs maturing in 7 to 30 days after the most recent adjustment. The financial institution is offering a 2.80% rate of interest on time period deposits with a maturity interval of 31-45 days. IDBI Bank affords rates of interest of three.00 % and three.50 % on deposits maturing in 46 days to 90 days and 91-6 months, respectively. The financial institution affords 4.30 % on deposits maturing in 6 months to lower than a yr.
The financial institution is providing a 5.05 % rate of interest on FDs with a one-year maturity interval. The financial institution is presently providing 5.15 % and 5.20 % rates of interest on time period deposits maturing in a single to 2 years and two to lower than three years. Interest charges for FDs maturing in additional than 3 years however lower than 5 years might be 5.40 %. IDBI Bank is giving a 5.25 % rate of interest on deposits maturing in 5 to lower than 10 years, and a 4.80 % rate of interest on deposits maturing in 10 to twenty years to most of the people.
| Maturity Slab | Interest Rates In % For General Customers |
|---|---|
| 0-6 Days | NA |
| 07-14 days | 2.70 |
| 15-30 days | 2.70 |
| 31-45 days | 2.80 |
| 46- 60 days | 3.00 |
| 61-90 days | 3.00 |
| 91-6 months | 3.50 |
| 6 months 1 day to 270 days | 4.30 |
| 271 days upto | 4.30 |
| 1 yr | 5.05 |
| > 1 yr – 2 years | 5.15 |
| >2 years to | 5.20 |
| 3 years to to | 5.40 |
| 5 years (Tax Saving FD) | 5.25 |
| > 5 years – 7 years | 5.25 |
| >7 years – 10 years | 5.25 |
| >10 years – 20 years | 4.80 |
| Source: Bank Website, Retail Term Deposits ( |
IDBI Bank Fixed Deposit Interest Rates For Senior Citizens
For a deposit quantity of lower than Rs 2 Cr, senior residents will proceed to get an extra rate of interest of 0.50% respectively. Here are the most recent rates of interest on mounted deposits of IDBI Bank for senior residents.
| Maturity Slab | Interest Rates In % For Senior Citizens |
|---|---|
| 0-6 Days | NA |
| 07-14 days | 3.20 |
| 15-30 days | 3.20 |
| 31-45 days | 3.30 |
| 46- 60 days | 3.50 |
| 61-90 days | 3.50 |
| 91-6 months | 4.00 |
| 6 months 1 day to 270 days | 4.80 |
| 271 days upto | 4.80 |
| 1 yr | 5.55 |
| > 1 yr – 2 years | 5.65 |
| >2 years to | 5.70 |
| 3 years to | 5.90 |
| 5 years (Tax Saving FD) | 5.75 |
| > 5 years – 7 years | 5.75 |
| >7 years – 10 years | 5.75 |
| >10 years – 20 years | 5.30 |
| Source: Bank Website, Retail Term Deposits ( |
IDBI Bank Bulk Deposit Rates
Here are the financial institution‘s up to date rates of interest, efficient April 16, 2021, for Bulk Deposits of Rs. 2 crore and above, as much as Rs. 5 crore.
| Maturity Slabs | Rate of Interest (% p.a.) |
|---|---|
| 0-6 Days | NA |
| 07-14 days | 2.50 |
| 15-30 days | 2.50 |
| 31-45 days | 2.75 |
| 46- 60 days | 2.75 |
| 61-90 days | 2.90 |
| 91-6 months | 2.90 |
| 6 months 1 day to 270 days | 3.00 |
| 271 days upto | 3.10 |
| 1 yr | 3.50 |
| > 1 yr – 2 years | 3.50 |
| >2 years to | 3.75 |
| 3 years to | 3.75 |
| 5 years | 3.75 |
| > 5 years – 7 years | 3.75 |
| >7 years – 10 years | 3.75 |
| Source: Bank Website |