IDBI Bank offers multiple fixed deposit (FD) schemes to their customer. The Bank offers, a higher interest rate on fixed deposits as compared to their saving deposits. The latest fixed deposit rates are applicable with effect from 6th September 2019.
For short-term deposits, with a tenure of 7 days to less than 365 days, IDBI Bank gives interest ranging from 3.50 per cent to 6.25 per cent to general customers. Short term IDBI Bank FD rates for senior citizens range from 4.00 per cent to 6.75 per cent.
IDBI Bank FD rates are the highest for the deposits with a tenure of 1 year, wherein the FD rate of interest is 6.95% for general customers and 7.45 per cent for senior citizens. For FDs maturing between 1 year and 2 years, IDBI Bank gives 6.85 per cent interest. Deposits maturing in 2 years and 3 years, 3 years and 5 years will fetch 6.80 % and 6.70 per cent interest respectively.
IDBI Bank FD interest rates for long term deposits with tenure of 5 years to 20 years offer interest ranging from 6.00 per cent to 6.60 per cent. The tax-saving FD with 5 years maturity period will give 6.60 per cent interest in IDBI Bank. FDs maturing in 5 years and 10 years, gives 6.25 per cent interest. For tenure of 20 years, the fixed deposit rate is 6.00 per cent.