IDBI Bank is a prominent public sector bank in India, offering a range of fixed deposit options with competitive interest rates and flexible tenures. It provides various interest payout choices, including monthly, quarterly, and on maturity, catering to both regular customers and senior citizens. You can easily view the current rates and use the calculator to estimate interest amounts, maturity value, and more.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenor Bucket | General Customers (%) | 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 to 6 months | 5.50 | 6.00 |
| 6 months 1 day to 270 Days | 6.00 | 6.50 |
| 271 days to < 1 year | 6.25 | 6.75 |
| 1 Year to 2 Years | 6.80 | 7.30 |
| > 2 Years to < 3 years | 7.00 | 7.50 |
| 3 years to 5 years | 6.50 | 7.00 |
| > 5 years to 10 years | 6.25 | 6.75 |
| > 10 years to 20 years | 4.80 | 5.30 |
Data last updated on 01/09/2024. Check latest interest rates here.
IDBI Bank FD Calculator
IDBI Bank FD FAQs
Can I access my fixed deposit anytime?
Yes, you can access your fixed deposit anytime, including options like premature withdrawal and overdrafts against your deposits.
Do senior citizens get extra benefits on FD interest rates?
Yes, senior citizens get an extra 0.5% on the interest rate for their fixed deposits.
Is there a penalty for premature withdrawal of FDs?
Yes, IDBI Bank charges a 1% penalty on the applicable rate for deposits closed before maturity.
Can I get a loan or overdraft against my FD at IDBI Bank?
Yes, you can avail overdrafts against your deposits at competitive rates, up to 90% of the FD amount.
What are the interest payout options for IDBI Bank FDs?
IDBI Bank offers monthly, quarterly, and annual interest payout options, providing regular income intervals as per your choice.
What is the ‘Suvidha Fixed Deposit’?
The ‘Suvidha Fixed Deposit’ reinvests the interest earned every quarter, resulting in a higher effective yield for your deposit.