4,80,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Loans Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

IDBI Savings Account

IDBI Savings Account Online

Last Updated 23rd Dec 2021

  • IDBI Bank offers a wide range of savings account products for specific customer groups.
  • Minimum balance requirement to open a savings account in IDBI Bank is Rs. 5,000 Metro and Urban, Rs. 2,500 Semi Urban, Rs. 500 Rural.
  • You can get high returns up to 3.35% on a savings account.
  • Open instant IDBI Bank savings account online.
  • Internet banking and mobile banking facility available.
  • The facility of safe deposits locker facility, nomination available in IDBI Bank.
Yes Bank
Returns bhi, Rewards bhi
5.5%* interest p.a + up to 1500** YES Rewardz Points on account opening
Earn up to 50k** YES Rewardz Points in 1st year
Exclusive offers on Demat & Lockers
OPEN YOUR ACCOUNT DIGITALLY NOW
Disclaimer: For balance above INR 10 lcs to INR 1Cr. For YES FIRST customers. Terms and conditions apply. For more details please visit: www.yesrewardz.com
Apply for Savings Account

IDBI Savings Account

IDBI Bank offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest. It provides a savings account according to the needs of the specific customer groups and caters to their requirement. For instance, it offers the Premium saving account for its high-end customers and also provides the minor savings account for children below the age of 18 years. The bank offers several facilities like internet banking, mobile banking, and allows no minimum balance requirement in many saving account products.

Features and Benefits of IDBI Savings Account

Benefits of IDBI Bank saving Account are as follow:

  • IDBI Bank offers an interest rate on saving account in the range of 3.00% to 3.35%.
  • Balance requirement for IDBI Bank savings account is Rs. 5,000 Metro and Urban, Rs. 2,500 Semi Urban, Rs. 500 Rural.
  • An individual can transfer the IDBI Bank savings account to any other branch without changing the account number.
  • Safe deposits locker facility, nomination facility is also available.
  • IDBI Bank savings account provides the facility of linking to the Multi Option Deposit account to fetch higher term deposit interest on the surplus money.
  • It provides various kinds of debit cards as per account holder’s convenience.
  • IDBI Bank offer banking facilities like internet banking and missed call banking. An individual can also avail the mobile banking facility which provides services like interbank mobile payment services (IMPS), utility bill payments, mobile recharges, enquiry and statements and cheque book request.
  • No charge is levied for passbook service.

IDBI Savings account Charges

ProductMinimum balanceInterest RateNon Balance Maintenance Charges
Super Savings AccountRs. 5,000 Metro and Urban, Rs. 2,500 Semi Urban, Rs. 500 Rural3.00% - 3.35%--
SuperShakti (Womens) AccountRs. 5,000 Metro and Urban, Rs. 2,500 Semi Urban, Rs. 500 Rural3.00% - 3.35%--
Jubilee Plus (Senior Citizens) AccountNIL3.35% - 3.35%None
Being Me Account3.35% - 3.35%None
Power Kidz AccountRs. 5003.35% - 3.35%None
Small Account(Relaxed KYC)NIL3.35% - 3.35%None
Sabka Basic Savings Account(Complete KYC)NIL3.35% - 3.35%None
Pension Savings Account(Central govt. Employee)NIL3.35% - 3.35%None
Capital Gain Account SchemeRs. 10,0003.35% - 3.35%--

IDBI Savings Account Products

IDBI offers multiple savings account products for different purposes. Some of the popular products of IDBI savings are:

Super Savings Account

This account helps you meet your day to day banking needs while giving you 24X7 access to your bank.

Key Features:

  • Offers you online options to pay your bills or taxes
  • Customers enjoy free amount transfer from Net Banking
  • Quicker fund transactions

Eligibility:

  • This account is for resident Indians of 18 years of age and above

SuperShakti (Womens) Account

A complete solution catering to banking, investment needs pertaining to a woman and her children.

Key Features:

  • Offers Two free zero balance accounts for their children below the age of 18 years
  • Avail 25 percent discount on Locker services
  • Free amount transfer from Net Banking
  • Provides Auto Sweep out or sweep in facility above Rs. 15,000

Eligibility:

  • This account serves only women Indian Residents above the age of 18 years

Jubilee Plus (Senior Citizens) Account

This account helps the senior citizens to avail preferential benefits that take the burden off banking, making it hassle free.

Key Features:

  • 25 percent discount on lockers charges
  • Sweep In or Out FD option available for balance above Rs. 15,000
  • Free amount transfer from Net Banking
  • Zero Balance savings account

Eligibility:

  • Resident Indians who have turned 60 can enjoy the priveleges that come with this account

Being Me Account

This account is for youth, helping them inculcate financial discipline.

Key Features:

  • Preferential rate on educational loan
  • Experts offer training on financial planning
  • Avail discounted charges for opening of share trading account with ICMS

Eligibility:

  • This account is for resident Indians of 18 years of age and above

Power Kidz Account

Inculcate the habit of savings and spending judiciously in your minor who can open this account and manage it independently.

Key Features:

  • Personalized Cheque Book
  • Free monthly statements via mail on request

Eligibility:

  • The features of this account can be enjoyed by minors

Small Account(Relaxed KYC)

This account makes banking inclusive by relaxing the documentation process.

Key Features:

  • No charges for Electronic Fund Transfer
  • No charges for any Branch Home and Non Home Branch Cash deposit
  • Relaxed KYC

Eligibility:

  • This account is for resident Indians of 18 years of age and above

Sabka Basic Savings Account(Complete KYC)

Banking services accessible at ease for all.

Key Features:

  • No charges for Electronic Fund Transfer
  • No charges for any Branch Home and Non Home Branch Cash deposit
  • Complete KYC

Eligibility:

  • This account is for resident Indians of 18 years of age and above

Pension Savings Account(Central govt. Employee)

This bank helps pensioneers a great deal by giving them every ease in banking.

Key Features:

  • Personalized multicity Cheque Book
  • Online options to pay your bills or tax
  • Faster transfer of funds

Eligibility:

  • This account is for resident Indians of 18 years of age and above

Capital Gain Account Scheme

This scheme facilitates investment in order to save Capital Gains tax for the Capital Gains made by selling a capital investment.

Key Features:

  • Acceptance of deposits in the form of Savings Deposit or Term Deposit for availing benefit
  • All entities of investors looking at investment to save Capital Gains Tax
  • There will be two types of deposit accounts: Savings and Term Deposits

Eligibility:

  • This account can be opened by Resident Individuals, Body of individuals, Sole proprietorship firms and Partnership firms

IDBI Savings Account Nomination Plan

IDBI Bank asks their customers to make nominations which imply that they should nominate individuals to whom the amount lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The person can change the nomination any time. IDBI savings account provides the nomination facility in all the savings products.

IDBI Savings Account Welcome Kit

IDBI Bank provides a Welcome Kit containing personalised cheque book and ATM Card, which is mailed to the customers’ postal address selected for correspondence, after 7 – 8 working days from the date of opening of a particular savings account.

IDBI Savings Account Helpline

Individuals can call IDBI Bank’s 24X7 helpline number 1800-209-4324/ 180-022-1070, which is accessible from all landlines and mobile phones in the country.

Check Saving Account Offered By Top Banks

FAQs

Can I open IDBI bank account online?

IDBI Bank enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.

What is the minimum balance for an IDBI savings account?

Minimum balance requirement differs with IDBI Bank saving account products. The minimum balance required to open a Super Savings Account in IDBI Bank is Rs. 5,000 Metro and Urban, Rs. 2,500 Semi Urban, Rs. 500 Rural.

Which saving account is best in IDBI?

There are various savings account products offered by IDBI Bank. These accounts are specially developed for a certain section of people. Individuals may compare the interest rate offered, minimum account requirements and facilities provided to select the best product.

Can I open IDBI account with zero balance?

The minimum balance requirement to open a savings account with IDBI Bank is Rs. 5,000 Metro and Urban, Rs. 2,500 Semi Urban, Rs. 500 Rural. If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.


Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
IDBI News - Jan 2022
  • 2021-07-01 : IDBI Bank revision for locker charges, savings account, and cheque leaflets
    IDBI Bank has revised its charges. In the case of cheque books, only 20 leaflets will be provided to a customer, beyond which the bank will charge Rs. 5 per cheque after the free limit. But this is not levied if you maintain an IDBI Sabka Saving Account.
  • 2021-06-14 : IDBI to revise services like free transaction limits and number of free cheques
    IDBI is set to revise the savings bank account services like free transaction limits (for select facilities) and lock discounts offered to individual savings bank customers. From July 1, 2021, the customers will get only 20 free cheque leaves per year
  • 2021-01-15 : IDBI Bank reported Rs 378-crore profit
    IDBI Bank posted a net profit of Rs 378 crore for the December quarter. The loans which includes home, LAP, personal, car, two-wheeler, gold, education and doctor loan along with business and mudra loans fell 7% to Rs 1.6 lakh crore (y-o-y) in December 2020. The bank’s total deposits which includes fixed and recurring deposits rose 2.85% y-o-y to Rs 2.24 lakh crore at the end of December 2020. In addition to this, CASA improved to 48.97% as on December 31, 2020.
  • 2020-10-20 : IDBI Bank launched banking services on WhatsApp
    IDBI Bank launched the banking service on WhatsApp. WhatsApp Banking service will be offered through a dedicated WhatsApp verified number. The bank customers will be able to avail various essential banking services such as account balance information, last five transactions, request for a cheque book and an email statement through newly launched WhatsApp banking services. Further, the details of the nearest IDBI Bank branches or ATMs will also be available via WhatsApp.
  • 2020-07-28 : IDBI Bank reported Q1 net profit of ₹144 crore
    IDBI Bank reported Rs 144 crore net profit for June quarter on account of a reversal of Rs 1335 crore of bad loan provisioning. It is IDBI second successive net profit after 13 consecutive quarters of loss. CASA increased to ₹ 1,04,315 crore and cost of deposit which includes fixed and recurring deposits improved by 64 bps to 4.65%. In addition to this, NII bolstered by home, personal, gold, car and two-wheeler loan along with business and mudra loans stood at ₹ 1,773 crores.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Loader
Please wait while your information is being processed...