IDBI Bank was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.

IDBI Bank RD account Interest rate
Tenure Interest Rate (% p.a.)
1years to < 2years 7.15
2 years to < 3 years 7.15
3 years to < 5 years 7.15
5 years 7.15
> 5years - 7years 7.00
>7 years - 10 years 7.00

Tenure Senior Citizen Interest Rate (% p.a.)
1years to < 2years 7.65
2 years to < 3 years 7.65
3 years to < 5 years 7.65
5 years 7.65
> 5years - 7years 7.50
>7 years - 10 years 7.50
NRO Recurring deposits: (Effective November 21, 2016)
Tenure Interest Rate (% p.a.)
1years to < 2years 7.15
2 years to < 3 years 7.15
3 years to < 5 years 7.15
5 years 7.15
> 5years - 7years 7.00
>7 years - 10 years 7.00
NRE Recurring deposits: (Effective November 21, 2016)
Tenure Interest Rate (% p.a.)
1year to < 2 years 7.15
2 years to < 3 years 7.15
3 years to < 5 years 7.15
5 years 7.15

Bank profile:
Type Government-owned bank
Traded as BSE: 500116
NSE: IDBI
Industry Banking, Financial services
Predecessor IDBI
Founded 1 July 1964, 52 years ago
Headquarters Mumbai India
Key people Mahesh Kumar Jain(Managing Director & CEO)
Products consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, Agriculture Loan
Revenue 28,043.10 crore (US$4.4 billion) (2016)
Operating income 5,370 crore (US$840 million) (2016)
Net income -3,664.80 crore (US$−570 million) (2016)
Total assets 374,372.12 crore (US$58 billion) (2016)
Number of employees 17,570 (March 2016)
Capital ratio 11.76% (2016)