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IDBI Bank FD Interest Rate Calculator

IDBI Bank FD online calculator will help you calculate the interest that your money will earn when kept in a fixed deposit in IDBI Bank. This will give the details of investment that's the principal amount on maturity after the interest is compounded on days or a monthly, quarterly, half-yearly and yearly basis. To learn about how your fixed deposit earns interest and how much will be your earning at the end of the tenure chosen, Goodreturns online calculators will help you.

IDBI Bank Fixed Deposit Interest Rates

IDBI Bank fixed deposit is a great way to save money for a period of time, if you are looking at getting your invested money safely along with good returns on your investment, then fixed deposit is the way to go. Checking the IDBI Bank fixed deposit interest rate and making the decisions is now very easy.


For domestic deposits - less than Rs. 1cr [ Revised on : 24-07-2017 ]

Maturity Period Deposit Amount Interest Rate
General Senior Citizen
15 days to 30 days less than Rs. 1cr 4.25 4.25
31 days to 45 days less than Rs. 1cr 4.50 4.50
46 days to 60 days less than Rs. 1cr 5.00 5.00
61 days to 90 days less than Rs. 1cr 5.25 5.25
91 days to 6 months less than Rs. 1cr 6.00 6.00
6 months 1 days to less than 270 days less than Rs. 1cr 6.50 6.50
271 days to less than 1year less than Rs. 1cr 6.50 6.50
1 year less than Rs. 1cr 6.75 7.25
Above 1 yrs to 2 yrs less than Rs. 1cr 6.50 7.00
Above 2 yrs to less than 3 yrs less than Rs. 1cr 6.25 6.75
3 yrs to less than 5 yrs less than Rs. 1cr 6.25 6.75
Only 5 yrs less than Rs. 1cr 6.00 6.50
Above 5 years to 7 years less than Rs. 1cr 6.00 6.50
Above 7 years to 10 years less than Rs. 1cr 6.00 6.50
Above 10 years up to 20 years less than Rs. 1cr 6.00 6.50

Tax Saver Fixed Deposits [ Amount capped at Rs. 1 lakh per Financial Year ]

Maturity Period Deposit Amount Interest Rate
General Senior Citizen
Suvidha Tax Saving Fixed Deposits - 5 YEARS Upto Rs. 1 lakh 6.00 6.50

For NRO Fixed Deposit - less than Rs. 1cr [ Revised on : 24-07-2017 ]

Maturity Period Deposit Amount Interest Rate
15 days to 30 days less than Rs. 1cr 4.25
31 days to 45 days less than Rs. 1cr 4.50
46 days to 60 days less than Rs. 1cr 5.00
61 days to 90 days less than Rs. 1cr 5.25
91 days to 6 months less than Rs. 1cr 6.00
6 months 1 days to less than 270 days less than Rs. 1cr 6.50
271 days to less than 1year less than Rs. 1cr 6.50
1 year less than Rs. 1cr 6.75
Above 1 yrs to 2 yrs less than Rs. 1cr 6.50
Above 2 yrs to less than 3 yrs less than Rs. 1cr 6.25
3 yrs to less than 5 yrs less than Rs. 1cr 6.25
Only 5 yrs less than Rs. 1cr 6.00
Above 5 years to 7 years less than Rs. 1cr 6.00
Above 7 years to 10 years less than Rs. 1cr 6.00
Above 10 years up to 20 years less than Rs. 1cr 6.00

For NRE Fixed Deposit - less than Rs. 1cr [ Revised on : 24-07-2017 ]

Maturity Period Deposit Amount Interest Rate
1 year less than Rs. 1cr 6.75
1 yrs to less than 2 yrs less than Rs. 1cr 6.50
2 yrs to less than 3 yrs less than Rs. 1cr 6.25
3 yrs to less than 5 yrs less than Rs. 1cr 6.25
Only 5 yrs less than Rs. 1cr 6.00
Above 5 years to 7 years less than Rs. 1cr 6.00
Above 7 years to 10 years less than Rs. 1cr 6.00

IDBI Bank FD Calculator

The IDBI Bank’s FD Calculator is a helpful tool used to arrive at the accurate maturity value on the fixed deposits. This calculator comes in handy for the investors to calculate the final yield on the initially deposited amount. All that the user has to do is to correctly enter the principal amount, the rate of interest, tenure of the deposit in the calculator to get the correct maturity value. The calculator also helps the investors to know about the interest rate yields which usually gets added on to the principal amount at the completion of every quarter during the tenure of the term deposit scheme.

Higher interest rates on fixed deposits will fetch higher returns and vice-versa. Recently, the Central Bank – RBI has hiked the interest rates on fixed deposits and hence customers should grab this opportunity to invest in term deposits to earn guaranteed as well as higher returns on their invested money.

Fixed Deposits Interest Rates in IDBI Bank

The IDBI Bank offers interest on various deposit schemes and it usually differs based on the period of the deposit. Interest rates are subject to revision from time to time and will be announced to the public. The revised interest rates will be applicable only on the renewals as well as fresh deposits which the existing depositors will continue to earn the same interest rate at the contracted rate as on the date of deposit.

• The interest rates on fixed deposits in IDBI Bank varies in the range between 5.75% per annum – 6.85% per annum.
• The minimum term of the fixed deposit in IDBI Bank is 15 days.
• The maximum term of a fixed deposit is up to 20 years.
• The bank offers additional interest rate for Senior Citizens across all tenures of the fixed deposits.
• The resident retail deposits on regular payment of interest are available across all the branches in the country.
• The retail deposits under the Floating Rate Term Deposit (FRTD) Schemes which has a tenure between 10 years – 20 years is available across all the branches in India.
• The fixed deposits for Senior Citizens fetch an additional rate of interest to the tune of 0.50% more for a period of 1 year and above when compared with other normal fixed deposit schemes.
• Nomination facilities are available.
• Loan facilities on the fixed deposits are available for the investors.
• Interest will be paid on a quarterly basis – on the last day of each quarter.
• IDBI Bank calculates interest reset during every 3 months coinciding with calendar quarters on April 1, July 1, October 1 and January 1 every year.
• Tax Deducted at Source is applicable if the interest amount on the principal is more than Rs 10,000 per annum, per branch.
• A guardian can open and operate an account on behalf of a Minor in the form of a joint account.

Premature Withdrawal of Fixed Deposit in IDBI Bank

• A depositor has to maintain the fixed deposit scheme at least for a period of one year.
• No premature withdrawal will be allowed till the completion of one year term.
• Premature charges will be levied at the time of withdrawal post one – year lock-in period.
• The premature withdrawal charges will be the average benchmark rate of the immediately preceding quarter with the mark up of applicable preceding term.

For Example: If a customer deposits a fixed deposit for a period of 3 years and after completion of 2 years 300 days, he/she requests for pre-closure of the said deposit, then the applicable rate will be the average benchmark of the preceding quarter of the last quarter the deposit had remained with IDBI Bank and the mark up of 1 year. 

 

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