7%
Interest for 3 years
Tenure | Normal Citizen FD Rate | Senior Citizen FD Rate |
---|---|---|
7 days - 30 days | 3% | 3.5% |
1 month - 1 month 14 days | 3.25% | 3.75% |
1 month 15 days - 1 month 29 days | 4.5% | 5% |
1 month 30 days - 3 months | 4.75% | 5.25% |
3 months 1 day - 5 months 29 days | 5.5% | 6% |
5 months 30 days - 8 months 27 days | 6% | 6.5% |
8 months 28 days - 9 months 25 days | 6.25% | 6.75% |
9 months 26 days - 9 months 26 days | 7.05% | 7.55% |
9 months 27 days - 11 months 29 days | 6.25% | 6.75% |
1 year - 1 year 9 days | 6.8% | 7.3% |
1 year 10 days - 1 year 10 days | 7.25% | 7.75% |
1 year 11 days - 1 year 2 months 16 days | 6.8% | 7.3% |
1 year 2 months 17 days - 1 year 2 months 17 days | 7.35% | 7.85% |
1 year 2 months 18 days - 1 year 10 months 30 days | 6.8% | 7.3% |
1 year 11 months - 1 year 11 months | 7.2% | 7.7% |
1 year 11 months 1 day - 2 years | 6.8% | 7.3% |
2 years 1 day - 3 years | 7% | 7.5% |
3 years 1 day - 4 years 11 months 29 days | 6.5% | 7% |
5 years - 9 years 11 months 28 days | 6.25% | 6.75% |
9 years 11 months 29 days - 19 years 11 months 25 days | 4.8% | 5.3% |
Note: All interest rates shown above are as on 7th Oct 2024
The Government of India established the Industrial Development Bank of India Ltd (IDBI) through the Industrial Development Bank of India Act 1964. Later, in 2004, it was transformed into a banking company to perform both commercial and development banking operations. The bank has its headquarters in Mumbai. As of March 2022, IDBI bank has more than 1,890 outlets across India and more than 3,300 ATMs. The total deposits as of March 2022 stood at INR 2,33,134 crores. IDBI Bank’s Fixed Deposits have a AA- Credit Rating.
3% - 7.35%
FD Rate
3.5% - 7.85%
FD Rate for Seniors
₹ 10000
Minimum Deposit
₹ 2 Crores
Maximum Deposit
-
Lock-in
-
FD Tenure
-
Loan against FD
AA-
CRISIL Rating
Investment Amount | For 3 years with interest of 7% | For 5 years with interest of 6.5% |
---|---|---|
₹ 50,000 | ₹ 61,646 | ₹ 69,141 |
₹ 1 lakh | ₹ 1,23,293 | ₹ 1,38,282 |
₹ 2 lakh | ₹ 2,46,585 | ₹ 2,76,563 |
₹ 5 lakh | ₹ 6,16,463 | ₹ 6,91,409 |
₹ 10 lakh | ₹ 12,32,926 | ₹ 13,82,817 |
Use FD calculator to change values and compare your returns from top banks.
Maturity Amount | ₹ 1,07,016 | ₹ 1,09,381 |
Total Investment Amount | ₹ 1,00,000 | ₹ 1,00,000 |
Total Interest Gained | ₹7,016 | ₹ 9,381 |
Bank Name | FD Interest Rates |
---|---|
North East Small Finance Bank FD | 9% - 9.5% |
Dakshin Bihar Gramin Bank FD | 7% - 7% |
IDFC First Bank FD | 7% - 7.5% |
RBL Bank FD | 7.5% - 8% |
Suryoday Small Finance Bank FD | 8.6% - 9.1% |
Utkal Grameen Bank FD | 6.8% - 7.3% |
Post Office FD | 7.1% - 7.1% |
PNB HFL FD | 7.75% - 8.05% |
Saptagiri Grameena Bank FD | 7.5% - 8% |
Indian Bank FD | 6.25% - 6.75% |
₹1,00,000
Total Investment
7,016
Wealth Gained
₹1,07,016
Maturity Amount
The flexible & tax efficient alternative to FDs.
IDBI Bank offers multiple fixed deposits for various tenures with different interest rates to its investors. The interest rate on IDBI Bank FDs is higher in their savings account. One can invest in IDBI Bank FDs through both online and offline modes with a minimum investment of INR 10,000. This article covers IDBI Bank FD, its features and interest rates in detail.
Following are the types of IDBI Bank fixed deposit scheme:
The main objective of the Suvidha Fixed Deposit is safety, credibility, liquidity and attractive interest rates. The scheme has the highest interest rates in the industry. Also, the scheme offers any time access to the funds.
The tax saving FD offers dual benefits of higher returns from investments and tax exemption from Section 80C of the Income Tax Act, 1961.
IDBI Systematic Savings Plan (SSP) helps save at their convenience. One can start saving any fixed amount from INR 100 to less than INR 2 crore every month. The scheme is suitable for pre-planned financial goals.
A floating rate term deposit is a type of fixed deposit where the interest rate is not fixed for the entire tenure of the deposit. However, the rate moves in tandem with the reference or base rate, which is periodically reset. The depositors can take advantage of the interest rate changes through the scheme without having to close or rebook the scheme. Following are the features of the scheme:
Naman Fixed Deposit scheme is a special scheme for senior citizens. Senior citizens can earn higher interest on the deposits. It is a limited period offer, open until March 31st 2023.
Amrit Mahotsav is a limited-period scheme that has the same features and terms and conditions as other term deposits.
One can open an IDBI Bank FD account through various modes such as Internet Banking, Mobile App and offline.
The following steps will help an individual to open an IDBI Bank FD account through internet banking:
Login to the IDBI Bank NetBanking account.
Under the ‘Request’ tab, select the ‘Opening a Fixed Deposit’ option.
Fill in all the deposit information and maturity instructions.
Verify the details and click on the ‘Submit’ button.
A confirmation notification will be displayed on successfully booking the deposit.
Please, note that the nominee details have to be physically filled and submitted to the bank.
The following steps will guide in opening an FD account through IDBI Bank Mobile App:
Download the IDBI Bank App and log in.
Select the ‘Opening a Fixed Deposit’ option to proceed.
Verify the details and click on the ‘Submit’ button.
A confirmation notification will be displayed on successfully booking the deposit.
Please, note that the nominee details have to be physically filled and submitted to the bank.
To open an IDBI Bank FD account offline, one has to visit the nearest IDBI Bank branch. Fill the IDBI Bank FD application form and submit all the necessary documents along with the deposit amount. On successfully processing the application, IDBI bank will provide an FD receipt.
The documents that one requires to invest in IDBI FDs are
The following are eligible to open IDBI bank FD:
What is the highest IDBI Bank FD rate today?
What is the highest interest rate on IDBI Bank 1 year FD scheme?
What is IDBI Bank FD scheme interest rate for 5 years?
How many years FD will double in IDBI Bank?
What is IDBI Bank FD minimum deposit amount?
What is senior citizen fixed deposit interest rates in IDBI Bank?
What are the available FD tenures in IDBI Bank?
What is IDBI Bank FD ROI for 10 lakh deposit for 1 year?
The interest from the IDBI Bank FD calculator for 10 lakh deposit for 1 year will be INR 72,823. The maturity value will be INR 10,72,823. You can use Scripbox’s FD Calculator to determine the maturity value of your investment.
How to check the fixed deposit balance in IDBI Bank?
How many FDs can be opened in IDBI Bank?