The Industrial Development Bank of India (IDBI) offers a wide range of products and services catering to the requirements of different types of customers having varied needs. Offering fixed deposit options that helps one to save their money for a fixed tenure while also earning an interest over it, IDBI Bank FD rates are highly competitive in the banking domain. The bank also offers a number of additional benefits on the opening of an FD account like auto renewal, loan facility, etc.
The IDBI FD interest rates 2023 are different for retail deposits under ₹2 crores and above ₹2 crores. The competitive IDBI FD rates ensure you make the most of your investments while your money also stays safe for a stipulated period of time.
IDBI Bank FD Tax Saver Deposit
Offering tax exemption from Section 80C of the Income Tax Act, 1961, the IDBI Bank Suvidha Tax Saving Fixed Deposit also offers higher returns on the amount. Resident Indians, Hindu Undivided Families (HUFs), private and public companies, trust and partnership firms are eligible to apply for this fixed deposit scheme. Some features of this scheme are:
- It has a lock-in period of 5 years
- The maximum deposit amount is 1,50,000/-
- Loan facility is provided on this fixed deposit
- Premature withdrawal is not allowed
- The payout is in the form of a lump sum amount on maturity after 5 years
- The interest is compounded on a quarterly basis and this interest is taxable
IDBI Bank FD Rates 2023 < 2 crore
IDBI FD interest rates 2023for general customers and senior citizens (for domestic deposits less than Rs.2 crore)
| Maturity slab | General Customers | Senior Citizen |
| 0-6 days | NA | NA |
| 7-30 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 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 |
IDBI Bank FD Rates 2023 > 2 crore
IDBI FD interest rates 2023 for general customers and senior citizens (for domestic deposits more than Rs.2 crore)
| Maturity slab | Rs 2 cr to Rs 5 cr | > Rs 5 cr to Rs 10 cr | > Rs 10 cr to Rs 50 cr |
| 7 – 14 days | 5.16 | 5.25 | 6.16 |
| 15 – 30 days | 5.26 | 5.66 | 6.16 |
| 31 – 45 days | 5.46 | 5.66 | 6.36 |
| 46 – 90 days | 6.56 | 6.56 | 6.81 |
| 91 – 180 days | 6.91 | 6.91 | 6.91 |
| 181 – 250 days | 6.96 | 7.01 | 7.01 |
| 251 days – 270 days | 7.01 | 7.01 | 7.01 |
| 271 days to < 1 year | 7.01 | 7.01 | 7.01 |
| 1 year | 7.27 | 7.27 | 7.27 |
| > 1 year – 1 year 3 months | 7.27 | 7.27 | 7.27 |
| > 1 year 3 months – 2 years | 7.11 | 7.11 | 7.11 |
| > 2 years – 36 months | 7.06 | 7.06 | 7.06 |
| > 36 months – 5 years | 6.76 | 6.76 | 6.76 |
| > 5 years – 7 years | 6.66 | 6.66 | 6.66 |
| > 7 years – 10 years | 6.56 | 6.56 | 6.56 |
IDBI Bank NRO/FCNR (B)/RFC FD Rates
IDBI Bank FD rates for Non-Resident Ordinary (NRO) account: deposit less than Rs. 2 crore
| Maturity slab | Interest rate % |
| 7 – 14 days | 3.00 |
| 15 – 30 days | 3.00 |
| 31 – 45 days | 3.25 |
| 46 – 60 days | 4.00 |
| 61 – 90 days | 4.00 |
| 91 days – 6 months | 4.50 |
| 6 months 1 day – 270 days | 5..75 |
| 271 days up to < 1 year | 5.75 |
| 1 year | 6.80 |
| > 1 year to 2 years (except 44 days) | 6.80 |
| > 2 years to < 3 years | 6.50 |
| 3 years to < 5 years | 6.50 |
| 5 years | 6.50 |
| > 5 years to 7 years | 6.25 |
| > 7 years to 10 years | 6.25 |
IDBI Bank FD rates for Resident Foreign Currency (RFC)
| Maturity slab | USD | GBP | EUR | JPY |
| 91 days – 6 months | 5.46 | 5.33 | 0.57 | 0.00 |
| 6 months 1 day < 1 yr | 5.41 | 5.48 | 1.72 | 0.00 |
| 1 year < 2 years | 5.30 | 4.93 | 3.20 | 0.00 |
| 2 years < 3 years | 4.74 | 4.55 | 2.20 | 0.00 |
| 3 years only | 4.40 | 4.00 | 2.00 | 0.00 |
IDBI Bank FD interest rates today for Foreign Currency Non-Resident Bank account:
| Maturity slab | USD up to 2 Mn | GBP | EUR | AUD | CAD | JPY* | SGD | HKD | CHF |
| 1 yr to less than 2 yrs | 5.30 | 4.93 | 3.20 | 4.10 | 4.60 | 0.00 | 3.25 | 1.00 | 1.00 |
| 2 yrs to less than 3 yrs | 4.74 | 4.55 | 2.20 | 4.10 | 4.30 | 0.00 | 3.20 | 1.00 | 0.21 |
| 3 yrs to less than 4 yrs | 4.40 | 4.00 | 2.00 | 4.05 | 4.24 | 0.00 | 2.00 | 1.00 | 0.00 |
| 4 yrs to less than 5 yrs | 4.40 | 3.50 | 2.00 | 4.10 | 3.95 | 0.00 | 1.00 | 1.00 | 0.00 |
| 5 years only | 4.35 | 3.50 | 2.00 | 4.15 | 3.80 | 0.00 | 1.00 | 1.00 | 0.00 |
Amrit Mahotsav IDBI Bank Interest Rates
IDBI Bank has a special fixed deposit scheme named as “Amrit Mahotsav FD Scheme”. This scheme is by default for a period of 444 days. The interest rates offered on this scheme are the same for general public, Non-Resident Ordinary (NRO) and Non-Resident External (NRE) deposits with the exception of senior citizens. The interest rate for the former is 7.15% while for the latter it is 7.65%.
| Special Buckets | General/NRE/NRO | Senior Citizens | |
| 375 Days | 7.10 | 7.60 | |
| 444 Days | 7.15 | 7.65 | |
Suvidha Tax Saving Fixed Deposits (5 YEARS)
| W.E.F. July 14, 2023 | |
| Normal Retail Rate | 6.50 |
| Senior Citizens | 7.00 |
IDBI Bank FD Calculator
The IDBI FD calculator is an easy online tool through which the maturity amount on your fixed term deposit can be calculated. This enables you to plan your finances better. To use the IDBI FD calculator, you need to enter your investment amount, followed by the intended tenure of deposit, and the compounding period. Based on the IDBI Bank FD rates, the calculator will estimate your maturity amount.
IDBI FAQs:-
There are no restrictions on the number of FDs you can open at IDBI Bank. You can hold as many FDs as you like.
The minimum deposit amount for an FD in IDBI Bank is Rs. 10,000/-
The tenure for an IDBI Bank FD ranges from 7 days to 20 years.
Yes, you can easily open an IDBI FD online on the bank’s website or through the bank’s application.
No, you can not add any additional amount to the main deposit after an IDBI Bank FD has commenced.
