#1
January 12th, 2018, 12:43 PM
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IDBI SB Account Interest
I want to know the Interest rate on Savings Account in IDBI Bank so will you please tell me?
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#2
January 12th, 2018, 12:44 PM
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Re: IDBI SB Account Interest
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. IDBI Savings Account Interest Rate 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. 07-10-2017 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% 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 # Deposits of Rs 1 Crore and above are treated as Bulk deposit w.e.f April 01, 2013 as per the revised definition advised by RBI. *I. Resident Retail deposits on regular payment of interest basis (i.e. non-cumulative basis) may be accepted by the branches. II. Retail Deposits under Floating Rate Term Deposit (FRTD) Scheme for maturity bucket above 10 years to 20 years (non-cumulative) may also be accepted. ** The Senior Citizen Interest rates are 0.50% higher for deposits from 1 year and above. 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 |
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