The Industrial Development Bank of India (IDBI) provides customised financial and banking solutions to both corporate and retail clients. In a bid to foster a savings-oriented mindset among customers, IDBI Bank has introduced a diverse range of savings account options.
Different Products and Services provided by IDBI Bank
The bank has devised a range of products and services for providing convenience and easy access to funds to customers intending to begin a relationship with the bank.
The various products and services provided by the Bank are:
- IDBI Bank Deposits
- IDBI Bank Loans
- IDBI Bank Cards
- IDBI Bank Investment Options
- IDBI Bank Banking Services
IDBI Bank Deposits
The IDBI Bank deposits are again categorised into IDBI Bank Savings Account and IDBI Bank Current Account enabling customers to manage their finances prudently and businesses to conduct financial operations meticulously. The Bank provides an option for long-term investments in the form of Term Deposits for future financial commitments.
IDBI Bank Savings Account
The variants under the IDBI Bank Savings Account are:
Type of Account | Primary Features |
Super Savings Account | ● MAB: Rs. 5000 in urban and metro branches Rs. 2500 in semi-urban branches and Rs. 500 in rural branches ● An International Debit Card will be issued ● 5 free ATM transactions at other bank ATMs in non-metro locations ● Free IDBI Bank passbook |
Super Shakti Women’s Account | ● Exclusively for women ● MAB: Rs. 5000 in urban and metro branches Rs. 2500 in semi-urban branches and Rs. 500 in rural branches ● 2 free accounts for 2 children below 18 years ● 15% discount on locker rent ● Payable at par cheque book facility ● Sweep-in and Sweep-out facility ● ATM cash withdrawal limit: Rs. 40000 per day |
IDBI Bank Senior Citizen Account | ● Zero balance account ● Sweep-in and Sweep-out facility for balance over Rs. 15000 ● ATM cash withdrawal limit: Rs. 50000 ● 15% discount on locker rent |
Being Me Savings Account | ● ● Designed for youth ● Account opening charges: Rs. 2500 ● No MAB non-maintenance penalty ● ATM cash withdrawal and POS limit: Rs. 25000 per day ● IDBI Bank passbook: optional ● Free funds transfer facility |
Basic Savings Account | ● Zero balance account ● Free International Debit Card ● Free IDBI Bank Statement ● Free SMS and Email alerts ● IDBI Bank net banking, SMS banking and Mobile Banking facility |
Other IDBI Bank Savings Accounts
Super Savings Plus Account | Power Kids Savings Account |
Savings Account using video KYC | Small Savings Account-Relaxed KYC |
Pension Savings Account for Central Government Employees | Capital Gains Account Scheme |
Platinum Salary Account | Imperial Salary Account |
Crown Salary Account | Star Salary Account |
Prime Salary Account | Pride Salary Account |
State and Central Government Salary Account | Indian Navy Salary Account |
Indian Army Salary Account | Kutumb Savings Account for family |
IDBI Bank Current Account
The variants under IDBI Bank Current Account are
Type of Account | Primary Features |
IDBI Bank Flexi Current Account | ● Instant Account Opening ● Customised features and benefits as per requirement ● Free Platinum and Gold Debit Cards ● Free IDBI Net Banking, Mobile Banking, and SMS Alert ● Multi City cheque book facility Free NEFT/RTGS transactions |
eMerchant Current Account | ● Can create a payment request by sending the necessary information to the customer’s email ID or mobile ● On viewing the invoice, the customer can make payment by clicking the URL having the invoice and payment details ● Merchant scan track payment status Option to resend email/SMS available |
IDBI Bank Cards
A range of debit cards and credit cards are provided by the bank with unique features and offers. The list of popular debit and credit cards of the bank is given below:
Debit Cards
- Visa Signature Paywave Debit card
- Visa Platinum Paywave Debit card
- RuPay Platinum Debit Card
- Visa Gold Debit Card
- Mastercard Gold Debit Card
- Mastercard Classic Debit Card
- Visa Women’s Paywave Debit Card
- Visa Being Me Paywave Debit Card
- Visa Kids PayWave Debit Card
Credit Cards
- Royal Signature Credit Card
- Euphoria World Credit Card
- Aspire Platinum Credit Card
- Imperium Platinum Credit Card
- Winnings Credit Card
IDBI Bank Loans
The IDBI Bank provides various loans to cater to requirements like owning a dream house, buying a car, taking business to the next level, for meeting urgent financial requirements, etc. The different loan options available in the bank are:
Type of Loan | Primary features |
Home Loan | ● Purpose: The purchase of new or old property, the purchase of a plot and construction thereon, the construction on a preowned plot, or for transfer of home loan balance from other banks ● Eligibility: Salaried and self-employed individuals and professionals with regular income. ● Amount: 75% to 90% of the market value of the property depending on the loan amount ● Repayment period: Maximum 30 years for salaried individuals and 20 years for self-employed professionals and non-professionals In-principal approval available even before the property is selected. |
Auto Loan | ● Purpose: For the purchase of a car or bike costing Rs. 1.20 lacs and onwards ● Eligibility: Salaried and self-employed individuals and professionals with a minimum annual salary of Rs. 2.40 lacs ● Amount: Maximum funding available depending on the track record and repayment capacity ● Tenure: Maximum 7 years |
Education Loan | ● Purpose: To pursue higher studies in India and abroad ● Amount: For studies abroad a maximum of Rs. 75 lacs depending on the course and the country. For inland studies a maximum of Rs. 30.00 lakhs depending on the course and the institutions selected ● Tenure: Maximum 7 years to 15 years depending on the course with a moratorium of 6 months to 1 year. |
Loan against property | ● Purpose: For personal or business requirements ● Amount: 60% to 75% of the property depending on the type of property and whether the applicant is a home loan borrower or not. The maximum amount provided will be Rs. 10.00 crores ● Tenure: Up to 15 years |
Personal Loan | ● Purpose: To meet financial exigencies. Different schemes are available depending on the employment ● Loan to salaried individuals/pensioners ○ Eligibility: Salaried individuals and pensioners having salary/pension account with the bank and should be getting a minimum salary/pension of Rs. 1.80 lacs ○ Amount: Rs. 250000 to Rs.3.00 lacs for pensioners and Rs. 25000 to Rs. 5.00 lacs for the salaried ○ Tenure: 12 months to 60 months ● Loan to self-employed professionals ○ Eligibility: Minimum annual income: Rs.3.60 lacs ○ Loan amount: Rs. 25000 to Rs. 5.00 lacs ○ Tenure: 12 months to 60 months ● Loan to self-employed non-professionals ○ Eligibility: Customers having a deposit or loan account with the bank with a minimum annual income of Rs. 5.00 lacs ○ Amount: Rs. 25000 to Rs. 5.00 lacs ○ Tenure: 12 to 60 months ● Salary account with in-built OD facility ○ Eligibility: Salaried individuals having a salary account with the bank with a minimum annual income of Rs. 1.80 lacs ○ Amount: 5 times the net salary ○ Tenure: Running account to be renewed every 2 years ● Pension account with in-built OD facility ○ Eligibility: Pensioners having a pension account with the bank with a minimum pension of Rs. 1.80 lacs p.a. ○ Amount: Up to 5 times the net income ○ Tenure: Running account to be renewed every year |
Loan against securities | Loan provided against securities like shares, LICP, NSCs, and Kisan Vikas Patra Amount: 50% of the market value for shares, 85% of the surrender value for LICP, 20% of the accrued value for NSCs and Kisan Vikas Patra |
IDBI Bank Investment Options
The popular investment option in IDBI Bank is the Term Deposit. The different types of term deposits provided by the bank are:
Type of Account | Primary Features |
Suvidha Fixed Deposit Scheme | ● Minimum Deposit: Rs. 10000 ● Tenure: 7 days to 20 years ● Monthly and quarterly interest payout available ● Can be linked to an IDBI Savings Account with a sweep-in facility. ● Senior Citizens will get an additional 0.50% interest |
Systematic Savings Plan | ● Can invest a fixed amount in monthly instalments ● Deposit ranges from Rs. 500 to Rs.2.00 crores ● Standing Instructions for monthly deduction accepted. ● Tenure: 1 year to 1- 10 years |
Suvidha Tax Savings Deposit | ● To claim income tax rebate under Section 80C of the Income Tax Act 1961 ● Tenure: 5 years ● Maximum deposit: Rs. 1.50 lacs |
Floating Rate Term Deposit | ● Deposit with a floating interest rate option. The interest will not be fixed for the entire tenure. Will be reset every 3 months ● No premature withdrawal up to 1 year ● Loan/overdraft facility against deposit available |
Other deposits include NRE/NRO fixed deposit and FCNR for NRIs to park their income from foreign jobs or businesses/returns out of investments in India. NRE deposits are maintained in Indian Rupees whereas FCNR deposits are maintained in approved currencies
IDBI Bank Banking Services
The following banking services are provided for the convenience in banking operations for the customers of the bank
IDBI Bank net banking and mobile banking service: For online financial as well as non-financial transactions.
Phone Banking: You can get your account information by calling the IDBI balance check numbers 18002094324,1800221070 or the chargeable number 02267719100
mPassbook: It is a mobile application provided to electronically access the physical passbook of your account.
FASTag: You can purchase and renew FASTag at IDBI branches.
The other services provided are:
- Online Nach Registration Cancellation
- SMS Alerts
- Positive Pay System(PPS)
- IDBI Bank Soft Token
- Just Tab
- Aadhar Verification
- BHIM UPI
- PayWhiz UPI
- Fx-Remit
IDBI Bank Customer Care
For general queries and information about products and services, you can contact IDBI customer care in the following ways:
- Call the IDBI Customer Care Number 1800-209-4324 or 1800-22-1070 for general queries
- For blocking debit cards send an SMS to IDBI Customer Care Number 5676777
- For queries regarding credit cards and credit card blocking call the IDBI Customer Care Number 022 4042 6013 or the toll-free number 1800 425 7600 or send an email to idbicards@idbi.co.in
- For queries regarding RTGS/NEFT transactions call the IDBI Customer Care Number at 022 66908401 or 022 66908532 or send an email to rtgsneftops@idbi.co.in/ etpc@idbi.co.in
IDBI Bank FAQs
What are the documents required to open a salary account in IDBI Bank?
● Introduction from the employer (signed by competent authority)
● Xerox copies of PAN, Address proof where residential address is given for contact