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Tenure | General Public FD Rate | Senior Citizens FD Rate |
---|---|---|
07-30 days | 3.00% | 3.50% |
31-45 days | 3.25% | 3.75% |
46-90 days | 4.00% | 4.50% |
91-6 months | 4.50% | 5.00% |
6 months 1 day to < 1 year | 5.75% | 6.25% |
1 Year to 2 Years (except 375 Days and 444 Days) | 6.80% | 7.30% |
> 2 Years to 5 Years | 6.50% | 7.00% |
>5 Years to 10 Years | 6.25% | 6.75% |
>10 Years to 20 Years $ | 4.80% | 5.30% |
5 Years (Tax Saving FD) | 6.50% | 7.00% |
Name | Interest rate (p.a.) | Tenure | Min. deposit | |
---|---|---|---|---|
Bajaj Finance Ltd. |
7.11% - 8.60% |
₹50,000 |
Deposit Now | |
SBI Bank |
3.00% - 7.60% |
₹1,000 |
View details | |
ICICI Bank |
3.00% - 7.60% |
₹10,000 |
View details | |
Axis Bank |
3.50% - 7.95% |
₹5,000 |
View details | |
HDFC Bank |
3.00% - 7.75% |
₹5,000 |
View details | |
Bank of Baroda |
3.00% - 7.75% |
₹1,000 |
View details | |
IDFC Bank |
3.50% - 8.00% |
₹10,000 |
View details | |
Kotak Mahindra Bank |
2.75% - 7.70% |
₹5,000 |
View details | |
Canara Bank |
4.00% - 7.75% |
₹1,000 |
View details | |
Yes Bank |
3.25% - 8.25% |
₹10,000 |
View details | |
IndusInd Bank |
3.50% - 8.25% |
₹10,000 |
View details | |
Punjab National Bank |
3.50% - 7.75% |
₹1,000 |
View details | |
IDBI Bank |
3.00% - 7.30% |
1 - 20yrs |
₹10,000 |
View details |
Union Bank |
3.00% - 7.75% |
₹1,000 |
View details | |
Citibank |
3.50% - 7.95% |
₹1,000 |
View details | |
RBL Bank |
3.50% - 8.30% |
₹1,000 |
View details | |
Indian Bank |
2.80% - 7.20% |
₹1,000 |
View details |
IDBI Bank is a leading public sector bank that has been offering a wide gamut of financial products and services to its customers for the last 40 years. Its wide range of product offerings includes deposits, loans, investment options, payment services, and more. As a universal bank, IDBI Bank's operations are driven by a cutting-edge core banking IT platform. The bank's business philosophy encompasses a commitment to offering financial solutions that can maximize customer convenience.
You can open a fixed deposit account with IDBI Bank for a minimum of 7 days and a maximum of 20 years.
You can open an FD account with a minimum deposit of ₹10,000 and the maximum amount is capped at ₹99,99,999.
Yes, IDBI Bank offers an additional interest rate of 0.50% for senior citizens on IDBI fixed deposit interest rates from year 1 and above. This additional interest rate is subject to change at the discretion of the bank.
The interest is compounded on a quarterly rest under the cumulative/reinvestment option in the term deposit of IDBI Bank.
To open a term deposit account with IDBI Bank, you need to submit a duly signed Account Opening Form (AOF) along with photographs of the applicant. You also need to submit KYC documents together with the requisite amount for which the term deposit is to be made. The KYC documents include the following:
No, there is no need for you to go through any more formalities when you already have an existing customer ID with IDBI Bank. All you have to do is provide the customer ID, type of deposit, and cash/cheque to the bank. A bank representative will take care of the rest.
In case your existing customer ID is for a non-senior citizen and you want to open a deposit account as a senior citizen, then you need to go through the formalities mentioned in 'open your account'.
When the amount of interest credited or likely to be credited in a financial year exceeds ₹10,000, TDS becomes payable at 10%.
ET Money does not offer investment options with IDBI Bank fixed deposit,