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IDBI Bank Limited - Fixed Deposit Interest Rates

Submitted By Nimmy Sunil on 26 February 2023

Interest Rate on Term Deposits (w.e.f. February 13, 2023)

Following are the rates on Resident / NRO Term Deposit less than Rs. 2 Crore #.

Interest Rate (% p.a.)
Retail Term Deposits (< 2 Cr)
General Customers	Sr. Citizen
0-6 Days	NA	NA
07-14 days	3.00	3.50
15-30 days	3.00	3.50
31-45 days	3.35	3.85
46- 60 days	4.25	4.75
61-90 days	4.25	4.75
91 days - 6 months	4.75	5.25
6 months 1 day to 270 days	5.50	6.00
271 days up to< 1 Year	5.50	6.00
1 Year	6.75	7.25
> 1 Year to 2 Years (except 444 Days & 700 Days)	6.75	7.50#
> 2 Years to < 3 Years	6.50	7.25#
3 Years to < 5 Years	6.25	7.00#
5 Years	6.25	7.00#
> 5 Years to 7 Years	6.25	7.00#
>7 Years to 10 Years	6.25	7.00#
>10 Years to 20 Years$	4.80	5.30
	Tax Saving FD
5 Years	6.25	7.00#

'Amrit Mahotsav FD' scheme of 444 Days and 700 Days - w.e.f. February 13, 2023

The interest rate structure is as under:

Special Buckets	General/NRE/NRO	Senior Citizens
444 Days	7.15	7.90#
700 Days	7.25	8.00#

#rates on IDBI Naman Senior Citizen Deposit (total mark-up 0.75% over Card Rate). Normal mark-up of 1% will be available for Retired Staff Senior Citizens.

Bulk Term Deposits

Interest Rate (% p.a.) [w.e.f. 03.03.2023]
Maturity Slabs	Rs 2 cr to Rs. 5 cr	>Rs 5 cr to Rs 10 cr	>Rs 10 cr to Rs 50 cr	>Rs 50 cr to Rs 100 cr	>Rs 100 cr to Rs 200 cr	>Rs 200 cr to Rs 500 cr	>Rs 500 cr
7 – 14 days	5.01%	5.51%	5.51%	5.61%	5.61%	5.61%	5.61%
15 – 30 days	5.11%	5.51%	5.81%	6.11%	6.31%	6.31%	6.31%
31– 45 days	5.31%	5.51%	5.81%	6.25%	6.31%	6.31%	6.31%
46 – 90 days	6.00%	6.46%	7.01%	7.11%	7.14%	7.14%	7.14%
91 - 180 days	6.71%	6.75%	7.11%	7.11%	7.21%	7.21%	7.21%
181 – 250 days	6.81%	6.85%	7.11%	7.11%	7.11%	7.11%	7.11%
251 days - 270 days	6.91%	6.91%	7.11%	7.11%	7.11%	7.11%	7.11%
271 days to < 1 year	7.01%	7.01%	7.11%	7.11%	7.11%	7.11%	7.11%
1 year	7.11%	7.26%	7.36%	7.41%	7.46%	7.46%	7.46%
>1 year -1 year 3 month	7.16%	7.51%	7.61%	7.61%	7.61%	7.61%	7.61%
>1 year 3 month - 2 year	7.11%	7.11%	7.11%	7.11%	7.11%	7.11%	7.11%
>2 year- 36 month	6.91%	6.91%	6.91%	6.91%	6.91%	6.91%	6.91%
>36 month- 5 year	6.61%	6.81%	6.81%	6.81%	6.91%	6.91%	6.91%
>5 year- 7 year	6.51%	6.71%	6.71%	6.71%	6.81%	6.81%	6.81%
>7 year- 10 year	6.41%	6.71%	6.71%	6.71%	6.81%	6.81%	6.81%

Non Resident Ordinary - NRO Term Deposit rates (Effective From: February 13, 2023)

NRO for deposit less than Rs. 2 Crore

Maturity Slab	Interest Rate (% p.a.)
07-14 days	3.00
15-30 days	3.00
31-45 days	3.35
46- 60 days	4.25
61-90 days	4.25
91-6 months	4.75
6 months 1 day to 270 days	5.50
271 days up to< 1 year	5.50
1 year	6.75
>1 Year to 2 Years (except 444/700 Days)	6.75
> 2 Years to < 3 Years	6.50
3 years to < 5years	6.25
5 years	6.25
> 5 years to 7 years	6.25
>7 years to 10 years	6.25

Non Resident (External)(< Rs. 2 Crore) - NRE Deposit Rates (Effective From: February 13, 2023)