IDBI Bank offers FD interest rates of 3.00-7.35% p.a. to the general public and 3.50-7.85% p.a. to senior citizens on tenures ranging from 7 days to 20 years. The interest rate on IDBI Bank Tax Saving FDs is 6.50% p.a. for the general public and 7.00% p.a. for senior citizen depositors for tenures of 5 years. The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC, and FCNR fixed deposits. IDBI Bank accepts FCNR fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Australian Dollar (AUD), Canadian Dollar (CAD), Japanese Yen (JPY), Singapore Dollar (SGD), Hong Kong Dollar (HKD) and Swiss Franc (CHF). The bank accepts RFC fixed deposits in USD, GBP, EUR and JPY.
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IDBI Bank FD Interest Rates (p.a.) Highlights 2024 |
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| Highest slab rate | 7.35% (for 444 days- Utsav Callable FD) |
| For 1 year | 6.80% |
| For 2 years | 6.80% |
| For 3 years | 6.50% |
| For 4 years | 6.50% |
| For 5 years | 6.50% |
| Tax-Saving FD | 6.50% |
The interest rates are updated as of 20 November 2024
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 0 – 6 days | NA | NA |
| 07 – 30 days | 3.00 | 3.50 |
| 31 – 45 days | 3.25 | 3.75 |
| 46 – 60 days | 4.50 | 5.00 |
| 61 – 90 days | 4.75 | 5.25 |
| 91 days – 6 months | 5.50 | 6.00 |
| 6 months 1 day – 270 days | 6.00 | 6.50 |
| 271 days – less than 1 year | 6.25 | 6.75 |
| 1 year – 2 years (except 375 days, 444 days & 700 days) | 6.80 | 7.30 |
| Above 2 years – less than 3 years | 7.00 | 7.50 |
| 3 years – 5 years | 6.50 | 7.00 |
| Above 5 years – 10 years | 6.25 | 6.75 |
| Above 10 years – 20 years | 4.80 | 5.30 |
Note: 1. *Additional 0.50% interest rates over regular deposit rates are offered to senior citizens
Card limit is 90% of FD Amount
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7%INTEREST ON FD
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 5 years (Suvidha Tax Saving Fixed Deposits) | 6.50 | 7.00 |
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| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 300 days | 7.05 | 7.55 |
| 375 days | 7.25 | 7.75 |
| 444 days | 7.35 | 7.85 |
| 777 days | 7.20 | 7.70 |
| Tenure | Interest Rates (% p.a.) |
| 1 year | 6.80 |
| Above 1 year – 2 years (except 444 days) | 6.80 |
| Above 2 years – less than 3 years | 7.00 |
| 3 years – less than 5 years | 6.50 |
| 5 years | 6.50 |
| Above 5 years – 7 years | 6.25 |
| Above 7 years – 10 years | 6.25 |
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| Tenure | Interest Rates (% p.a.) | ||||||||
| USD (up to 1 million) | GBP | EUR | AUD | CAD | JPY | SGD | HKD | CHF | |
| 1 year – less than 2 years | 5.15 | 4.85 | 3.70 | 4.35 | 4.37 | 0.61 | 2.79 | 1.00 | 0.50 |
| 2 years – less than 3 years | 4.50 | 4.55 | 2.70 | 4.35 | 4.07 | 0.25 | 2.74 | 1.00 | NA |
| 3 years – less than 4 years | 4.10 | 4.00 | 2.26 | 4.20 | 3.72 | 0.10 | 1.46 | 1.00 | NA |
| 4 years – less than 5 years | 3.90 | 3.50 | 2.26 | 4.14 | 3.50 | 0.10 | 0.46 | 1.00 | NA |
| 5 years only | 3.90 | 3.50 | 2.26 | 4.27 | 3.37 | 0.10 | 0.46 | 1.00 | NA |
| Tenure | Interest Rates (% p.a.) | |||
| USD | GBP | EUR | JPY | |
| 6 months 1 day – less than 1 year | 5.10 | 5.05 | 2.06 | 0.08 |
| 1 year – less than 2 years | 5.15 | 4.85 | 3.70 | 0.61 |
| 2 years – less than 3 years | 4.50 | 4.55 | 2.70 | 0.25 |
| 3 years | 4.10 | 4.00 | 2.50 | 0.10 |
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For those looking to invest in an IDBI FD scheme, it is highly advised to make use of tools like the IDBI FD Calculator which eases out the selection process of which FD to put one’s savings in. Fixed Deposit calculator available on Paisabazaar.com can be used to determine how much one shall earn as interest in investing money in a fixed deposit scheme offered by IDBI Bank. The said tool calculates the maturity amount taking the prevailing FD rates along with the deposit amount and tenure for which the deposit is to be kept with the bank. It saves time and also eliminates the scope of error which can occur in manual calculations.
Q. What is the highest IDBI FD interest rate one can get currently?
A. Currently, the highest IDBI FD interest is 7.35% for regular individuals and 7.85% for senior citizens on the tenure of 444 days – Utsav FD
Q. Do senior citizens enjoy any special privileges on investing in IDBI fixed deposits?
A. Yes, IDBI Bank offers FD interest rates of up to 7.70% to senior citizen FD depositors.
Q. Is it necessary to submit PAN while opening an IDBI FD account?
A. It’s not compulsory although non-submission of PAN card shall lead to TDS @ 20% which otherwise is 10%.
Q. Can one take a loan against the tax-saving fixed deposit scheme by IDBI Bank?
A. Facilities like taking a loan against FD or premature withdrawal are not provided in tax-saving fixed deposit schemes.
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