IDBI Bank Base Rate, IDBI Bank MCLR Base Rate Past Trend

Get upto Rs 5,000/- Cashback*
Terms & Conditions Apply*
Apply Online

Current IDBI Bank MCLR Base Rate

Last Updated 19th Oct 16

Tenure Base Rate, MCLR
Overnight 8.75%
1 Month 9.05%
3 Month 9.15%
6 Month 9.25%
1 Year 9.30%
2 Year 9.60%
3 Year 9.70%
Current MCLR base rate of IDBI Bank ranges from 8.75% to 9.70% depending on the reset frequency of the loan. Rates are revised every month.
Apply Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 

I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry
  • Home Loan Interest Rates - 9.45% * Floating Detail
    Interest Rate :
    Lowest EMI :
    Rs. 837 per lakh
    Tenure :
    Max 30 years
    Processing Fee :
    Age :
    Max 70 years for salaried
    Prepayment Charges :
    Allowed with nil charges for floating rate loans
  • Loan Against Property Rates - 10.95% * Floating Detail
    Interest Rate :
    Lowest EMI :
    Rs. 1,133 per lakh
    Tenure :
    Max 15 years
    Processing Fee :
    Age :
    Max 60 years for salaried
    Prepayment Charges :
    Allowed with nil charges for floating rate loans
  • Personal Loan Interest Rates - 13.20% * Detail
    Interest Rate :
    13.20% - 13.75%
    Lowest EMI :
    Rs. 2,286 per lakh
    Tenure :
    Max 60 months
    Processing Fee :
    Age :
    Max 60 years for salaried
    Prepayment Charges :
    is allowed after 1 EMI.
  • Fixed Deposit Interest Rates - 4.75% to 7.30% *Detail
    30 Days :
    45 Days :
    60 Days :
    90 Days :
    120 Days :
    6 Months :
    9 Months :
    12 Months :
    18 Months :
    2 Year :
    3 Year :
    4 Year :
    5 Year :
    7 Year :
    10 Year :
    Last Revised Date :
    19th Oct 2016

Past Trend Base Rate of IDBI Bank

SBI base rate history
Revised Date
Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year MCLR
2 Year MCLR
3 Year MCLR
5 Year MCLR
01st Oct 16
01st Jul 16
01st Apr 16

IDBI Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, IDBI Bank decides its own base rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR base rate of any bank
  • Effective 1st April 2016, the minimum base rate is determined based on marginal cost of funds and not on overall cost of funds. IDBI Bank has different MCLR base rates ranging from 8.75% to 9.70% for different tenures

Changes in MCLR Base rate of IDBI Bank

  • MCLR rate can be revised by IDBI Bank every month
  • Note that it is not mandatory for IDBI Bank to revise its rate every month and it may choose to retain the same rate for a longer period

IDBI Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by IDBI Bank is benchmarked to its MCLR base rate for a particular tenure, say 1 month or 3 month or 6 months
  • Shorter duration loans (such as cash credit, OD facility, overnight loans) are linked to shorter duration MCLR rate while longer duration loans (such as home loan, loan against property, vehicle loan) are linked to longer duration MCLR rates
  • The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark
  • Your loan from IDBI Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. So, a home loan linked to 1 year MCLR rate of IDBI Bank will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 9.45%. This loan will initially be priced at 9.95%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.2%, the loan will be priced at 9.7% for the next year

Past trend of IDBI Bank Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
01st Aug 16 9.65% decreased by 0.1%
05th Apr 16: 0.25% repo cut by RBI
30th Sep 15 9.75% decreased by 0.25%
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
07th May 15 10.00% decreased by 0.25%
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
01st Feb 13 10.25% decreased by 0.25%
29th Jan 13: 0.25% repo cut by RBI
20th Apr 12 10.50% decreased by 0.25%
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
01st Aug 11 10.75% increased by 0.75%
26th Jul 11: 0.5% repo hike by RBI
16th Jun 11: 0.25% repo hike by RBI
05th May 11 10.00% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
08th Feb 11 9.50% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
01st Jan 11 9.00% increased by 0.5%
02nd Nov 10: 0.25% repo hike by RBI
01st Oct 10 8.50% increased by 0.5%
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 8.00%

IDBI Bank Base Rate Vs. RBI Repo Rate Trend

About IDBI Bank

  • IDBI Bank is a Public Sector Bank in India with 1,717 branches, 3,000 ATM's and 16,555 employees across the country.
  • IDBI Bank's registered office is located at IDBI Tower, WTC Complex, Cuffe Parade Mumbai Maharashtra-400005 .
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 1,660 crs. and Standalone net profit of Rs. 546 crs. IDBI Bank reported total deposits of Rs. 259,836 crs and total advances of Rs. 208,377 crs.
  • IDBI Bank's management is led by its CEO Mr. Kishor Kharat.
  • Highest fixed deposit interest offered by IDBI Bank is 7.30% per annum on deposits.
  • Its current Base Rate is 9.65%, which was last revised on 01st Aug 16.
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
Best Offers on Home Loan, Loan Against Property, Personal Loan, Gold Loan
Cashback Upto Rs. 5,000/
News - Oct 2016
12th Aug 16 IDBI Bank Q1 net profit rises 78 per cent to Rs241.10 crore on tax write back
IDBI Bank has reported an increase of 78.35 per cent in its net profit in the June quarter of FY17 due to a large tax write back during the quarter. Net profit rose to Rs. 241.10 in June quarter of current fiscal crore from Rs. 135.18 crore in the same period of previous year. Net interest income of the bank rose by 14.2 per cent to Rs. 1706.50 crore in the June quarter of FY17 from Rs.1494.33 crore in the same period of FY16. Gross NPAs as a percentage rose by 9.65 per cent to Rs. 27275.15 crore in June quarter from Rs. 24875.07 crore in the March quarter. Net NPAs of the bank stood at 7.47 per cent in the June quarter up from 6.78 per cent in the previous quarter ending March 2016 and 3.18 per cent in the same quarter last year.
29th Jul 16 IDBI Bank cuts base rate by 10bps to 9.65%
With effect from 1st August 2016, IDBI Bank has announced a cut of 10 basis points in its base rate and base rate will stand revised to 9.65 percent. The Bank has also announced a reduction in Benchmark Prime Lending Rate (BPLR) to 14.15 percent.. If you have taken Home Loan or Persona Loan from IDBI before 1st April 2016 at floating rate then you will benefit from this rate cut. But if have taken home loan at fixed rate you will not be effected by the rate cut.
20th Jun 16 Bank Q4 net loss at Rs 1,736 crore as bad loans double
IDBI Bank announced a net loss of Rs 1,735.81 crore for Q4FY16 due to the increase in bad loans. Total income for the bank also decreased to Rs 8,274.58 crore during the March quarter as against Rs 9,382.37 crore in the year ago period. Net NPA of the bank stood at 6.78 per cent as compared to 2.88 per cent a year ago
04th Nov 15 IDBI Bank profit flat at Rs 120 cr as bad loans mount
IDBI Bank reported a flat net profit at Rs 120 crore in the three months to September due to higher provisioning for bad loans.