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Frequently Asked Questions

IDBI Suvidha Fixed Deposit Scheme
 
  • What are the interest rates under your fixed deposit scheme?
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  • What is the procedure for effecting change of address in ISFD?

    The investor/depositor would need to write advising the change in address. In this communication he has to specifically mention the FDR No. and all the depositors needs to sign the communication

  • Applicability of TDS on interest under ISFD

    In case the investor does not want the TDS to be applicable, they would require to give declaration in Form 15H (for individuals, HUF and Trusts) or Form 15AA certificate from ITO (for Other than Individual, HUF and Trusts) as the case may be for non deduction of tax at source or for deduction of tax at source at a lower rate.

  • What is the procedure for deletion/addition of names

    The same would depend on the situation:Deletion in case of Death and addition of name thereof

    1. Advise in writing alongwith the attested death certificate of the deceased. The communication should be signed by all other depositors.

    2. Provide the name and address of the depositor whose name has to be added along with his/her signatures duly attested.
    3. The changes would be recorded in the data and on the face of FD, duly authorised and returned
    Deletion/Addition without any specific reason

    1. Advice the issuer in writing and the application for such change to be signed by all the depositor including the person whose name was earlier appearing and proposed to be deleted.

    2. Also provide the name, address and signatures of the depositor whose name is proposed to be added.


    Addition of name as there is scope for addition and initially the same was not done
    1. Advice the issuer in writing and the application for such change to be signed by all the existing depositor alongwith the name, address and signatures of the depositor whose name is proposed to be added.

  • What are the credit ratings for your ISFD scheme send?

    'FAAA' by CRISIL
    'Ind AAA' by FITCH
    'AAA' by CARE
    and 'FAA+' by ICRA
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