IDBI Bank Revises Interest Rates On Fixed Deposit: Check New Rates Here

IDBI Bank has updated its fixed deposit (FD) interest rates, which are in force from July 14, 2021. Following the most recent adjustment, IDBI Bank's FD interest rates vary from 2.7 to 5.30 percent for FDs due in 7 days to 20 years. IDBI Bank offers 2.7 percent interest on deposits due in 7 to 14 days and 15 to 30 days. For 31 to 45 days, interest is 2.8 percent, for 46-90 days, interest is 3.00 percent, and for 91 days to 6 months, interest is 3.5 percent. The bank offers 4.3 percent interest on FDs maturing in 6 months to up to one year. Fixed deposits maturing in 5 years will yield 5.25 percent interest. IDBI Bank provides a special interest rate on fixed deposits for older persons. Following the most recent adjustment, IDBI Bank FD rates for senior citizens vary from 3.20 percent to 5.80 percent.

IDBI Bank FD Rates

IDBI Bank is now promising the below-listed interest rates for both regular and senior citizens for deposits of less than Rs 2 Cr, effective from July 14, 2021.

Tenure	Interest rates in % for general customers	Interest rates in % for senior citizens
07-14 days	2.7	3.2
15-30 days	2.7	3.2
31-45 days	2.8	3.3
46- 60 days	3	3.5
61-90 days	3	3.5
91-6 months	3.5	4
6 months 1 day to 270 days	4.3	4.8
271 days up to 1 year	4.3	4.8
1 year	5	5.5
1 year - 2 years	5.1	5.6
2 years to 3 years	5.1	5.6
3 years to 5 years	5.3	5.8
5 years	5.25	5.75
5 years to 7 years	5.25	5.75
7 years to 10 years	5.25	5.75
10 years to 20 years	4.8	5.3
Source: IDBI Bank