I am telling you the Fixed Deposit Interest Rates in IDBI bank

IDBI bank Interest Rates

As per RBI mandate, Savings Bank interest will be calculated on the daily balances maintained in your account, at a rate of interest decided by the Bank from time to time.

Savings Bank Rate (w.e.f. October 1, 2017)

Saving Balance Rate of Interest
Upto Rs. 25 lakh 3.5 % p.a
Above Rs. 25 lakh 4.0 % p.a

Base Rate (w.e.f. Jan 01, 2017) 9.50%

Current BPLR (w.e.f. .Jan 01, 2017) 14.00%

Marginal Cost of Fund Based Lending Rate ( MCLR ) w.e.f. 12-11-2017

Tenor MCLR ( in % )
Overnight 8.00%
One Month 8.10%
Three Month 8.30%
Six Month 8.35%
One Year 8.55%
Two Year 8.60%
Three Year 8.70%

Fixed Deposits Interest Rate

The Bank pays interest on deposits as per various deposit schemes.

Interest Rates are revised from time to time and made known to public.

Revised interest rates are applicable only to the renewals and fresh deposits while existing deposit continue to get interest at the contracted rate

Interest Rate on Term Deposits (w.e.f. . Jul 24, 2017)

Resident Term Deposit / NRO for deposit upto less than Rs. 1 Crore #

Maturity Slab Interest Rate (% p.a.)
15-30days 4.25
31-45 days 4.5
46-60 days 5
61-90 days 5.25
91-6 months 6
6 months 1 day to 270 days 6.5
271 days to < 1year 6.5
1 year 6.75
>1yrs to 2yrs 6.5
>2 yrs to < 3 yrs 6.25
3 yrs to < 5 yrs 6.25
5 years 6
> 5yrs - 7yrs 6
>7 yrs - 10 yrs 6
>10 yrs - 20 yrs* 6

Senior Citizen Interest Rates** for deposit upto less than Rs. 1 Crore#

Maturity Slab Sr. Citizen Interest Rate (p.a. %)
15-30days 4.25
31-45 days 4.5
46-60 days 5
61-90 days 5.25
91-6 months 6
6 months 1 day to 270 days 6.5
271 days to < 1year 6.5
1year 7.25
>1yrs to 2yrs 7
>2 yrs to < 3 yrs 6.75
3 yrs to < 5 yrs 6.75
5 years 6.5
> 5yrs - 7yrs 6.5
>7 yrs - 10 yrs 6.5
>10 yrs - 20 yrs* 6.5

Contact-

Registered Office:
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

Customers can contact our 24 X 7 Phone Banking numbers
from any Landline / Mobile number, our Toll free numbers are as follows:
1800-200-1947
1800-22-1070