IDBI Bank Interest Rates on FD, Feb 2017

Fixed Deposit Interest Rate of IDBI Bank

Last Updated 22nd Feb 2017
Tenure General Rates Senior Citizen Rates
15 days to 30 days 4.25% 4.25%
31 days to 45 days 5.00% 5.00%
46 days to 60 days 5.50% 5.50%
61 days to 90 days 5.75% 5.75%
91 days to 6 months 6.50% 6.50%
6 months 1 day to 270 days 6.50% 6.50%
271 days to 364 days 6.75% 6.75%
1 year to 1 year 364 days 6.90% 7.40%
2 years to 2 years 364 days 6.90% 7.40%
3 years to 4 years 364 days 6.90% 7.40%
5 years 6.90% 7.40%
5 years 1 day to 7 years 6.75% 7.25%
7 years 1 day to 10 years 6.75% 7.25%
10 years 1 day to 20 years 6.75% 7.25%
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  • IDBI Bank offers FD interest rates upto 6.90% per annum.
  • Interest on deposits with IDBI Bank is typically compounded quarterly.
  • IDBI Bank accepts deposits starting at Rs. 10000 for various tenures.
  • For senior citizens (age more than 60 years), IDBI Bank offers higher interest rate over and above rates mentioned below.
Calculate IDBI Bank
FD Maturity Amount

IDBI Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, IDBI Bank pays interest based upon average benchmark rate of the immediate preceding quarter with mark up of applicable preceding tenor.

Loan against IDBI Bank FD

  • IDBI Bank offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

IDBI Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with IDBI Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of IDBI Bank in your city - Find IDBI Bank Branches here

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  • IDBI Bank FD rates with other banks in India

About IDBI Bank

The Industrial Development Bank of India Limited, popularly known as IDBI Bank is one of the leading public sector banks in India. IDBI Limited was founded on July 1, 1964 under an Act of Parliament. It was established as a wholly owned subsidiary of RBI (Reserve Bank of India). The ownership was however transferred to the Government of India on February 16, 1976. It worked as a development financial institution, whose main goal was to coordinate with other institutions associated with financing, developing and promoting the industry. In September 2003, IDBI acquired the entire shareholding of Tata Finance Limited in Tata Home Finance Ltd and renamed it as 'IDBI Home Finance Limited'. Next year, on July 29, 2004, IDBI Limited and IDBI Bank approved the merger of IDBI Bank with IDBI Ltd. IDBI Bank also acquired United Western Bank in 2006. IDBI Bank offers a wide array of products and services to its customers. For different customer groups and needs, there are different types of products and services including Personal Banking, Corporate Banking, SME Finance and Agri Business etc. IDBI Bank currently has 457 centers, 688 branches and 1020 ATMs across the nation. IDBI Bank received the 'Overall Best Bank' and 'Best Public Sector Bank' awards in the Dun & Bradstreet Banking Awards, 2011. In 2011, it received Banking Technology awards for best use of Business Intelligence and the best Risk Management from Indian Banks Association.
News - Feb 2017
07th Feb 17 IDBI Bank cuts home loan interest rates
IDBI Bank has reduced its home loan interest rates by 60 basis points for new home loan borrowers. The revised home loan interest rate now stands at 8.55 percent as compared to 9.15 percent earlier. The new rate is effective from 1st February, 2017.
02nd Jan 17 IDBI cuts MCLR by up to 40 basis points
IDBI Bank has reduced its overnight and three months marginal cost of lending rates to 8.50 and 8.85 percent as compared to 8.75 and 9.15 percent earlier. The revised MCLR for six months and one year now stands at 8.90 and 9.15 percent respectively. Similarly, three year MCLR has reduced to 9.30 percent as compared to 9.70 percent earlier. The rates are effective from 1st January, 2017.
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
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