Bank India — Indian Banks News & Tutorials

IDBI bank offers quite luring interest rates especially for the period of 6 months-1 year for a general investor under once crore of investment, the maximum interest rate being 7.75 percent. For the increase in period of investment, the interest rate is almost constant to 7.50 percent.

Although there is a considerable decline in the interest rate for over 5 years investment considering falling of repo rates. This is kind of a fallback security in which the bank keeps margin for losses which might occur due to falling repo rates.

Read: Vijaya Bank Fixed deposit interest rates

The interest rate as seen from the table is 7.50 percent for 5-10 years owing to the same reason. The maximum tenure for investment is 20 years. Below interest rates are effective from 8 Feb, 2016.

idbi bank fd rates

Table for IDBI Bank FD rates on resident & NRO deposits:

Time PeriodInterest Rate For Amount Below 1 Crore ( % p.a.) Interest Rate For Amount Above 1 Crore (% p.a.)
7 – 14 Days4.505.75
15 – 30 Days5.256.25
31 – 45 Days6.256.25
46 – 60 Days6.257.00
61 – 90 Days6.757.41-7.51
91 Days – 180 Days7.257.56-7.61
181 Days – 270 days7.507.61-7.76
271 Days – 1 year7.507.81-7.86
1 Year7.757.60-7.65
1 Year – 2 Years7.757.70-7.75
2 Years – 3 Years7.507.00
3 Years – 5 Years7.507.00
5 Years – 10 Years7.506.50
Above 10 Years7.506.50

Suvidha tax saving fixed deposits:

NormalSenior Citizens

Table updated: 1 April, 2016

Calculate maturity value

From Table, IDBI bank provides best interest rates in fixed deposits for the period one to five years. For 1-2 Years deposits, IDBI bank provides 7.75% interest rates. But above five years deposits, It provides little less fixed deposit interest Rates.

Important notes:

  • IDBI bank provides .50% higher Fixed deposit interest rates for senior citizens for above 1 year deposits only.
  • You can’t close deposits under suvidha tax saving scheme before maturity period.

Check it out from official website of IDBI bank @

I would like to suggest you to compare it with all other Indian banks Fd rates.

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