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Online IDBI Savings Account Opening

Open IDBI Saving Account

Last Updated 20th Apr 2021

Interest Rate 0.00% - 3.50%
Minimum Balance Requirement Rs. 5,000 Metro and Urban, Rs. 2,500 Semi Urban, Rs. 500 Rural
Cash Withdrawal Limit --
ATM Transaction Charges --
Debit Card --
Apply for Savings Account

IDBI Savings Account Opening

IDBI Bank Savings accounts in IDBI can be opened online or offline. To open IDBI offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening IDBI Savings Account Online

To open the savings account online in IDBI, you have to follow these steps:

  • Step 1: First, visit the official website of IDBI.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: IDBI’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, IDBI will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open IDBI Savings Account at Branch

To open a savings account with IDBI at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in IDBI

You have to fulfil the following eligibility criteria to open a savings account in IDBI:

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

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FAQs

How can I open a savings account in IDBI?

You can open a savings account in IDBI either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in IDBI?

Yes, you can open a savings account online, by applying for it through the IDBI’s official website.

What is the minimum balance in IDBI?

The minimum balance required to open a savings account in IDBI is Rs. 5,000 Metro and Urban, Rs. 2,500 Semi Urban, Rs. 500 Rural.


IDBI News - May 2021
  • 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.
  • 2020-02-12 : IDBI Bank reported a Q3 profit before tax of Rs. 756 crores
    Private sector lender IDBI Bank posted a Q3 profit before tax of Rs. 756 crores. It was driven by an increase in Net Interest Income and a slump in provisions by loans. Further, the Bank Fixed and recurring deposits grew to Rs. 2,18,180 crores and the share of saving and current accounts rose to 47.65%.
  • 2019-04-17 : IDBI Bank introduces a new feature that facilitates the opening of a savings bank account
    Private sector lender, IDBI Bank has introduced mobile and web-based services to help consumers in opening and activating a savings bank account. Using this new facility, the customers will be able to open their savings account by using e-KYC or QR code method in few seconds without the need for any physical paperwork.
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