Home Personal Banking Corporate Banking MSME Banking Agri Banking NRI Banking Customer Care
Home     About Us     Investor     IDBI Group     CSR    Careers     Contact Us    Search Hindi
  Net Banking Login
Domestic Interest Rates
NRI Interest Rate
Service Charges
Talk to us
Home > Interest Rates

Interest Rates


As per RBI mandate, Savings Bank interest will be calculated on the daily balances maintained in your account, at a rate of interest decided by the Bank from time to time (existing rate is 4.00% p.a.).
Savings Bank Rate (w.e.f. May 03, 2011) 4.00 % p.a.
Base Rate (w.e.f. May 11, 2015) 10%
Current BPLR (w.e.f. May 11, 2015) 14.50 %
Fixed Deposits Interest Rate
The Bank pays interest on deposits as per various deposit schemes. Interest Rates are revised from time to time and made known to public. Revised interest rates are applicable only to the renewals and fresh deposits while existing deposit continue to get interest at the contracted rate
Interest Rate on Term Deposits (w.e.f. June 10, 2015)
Resident Term Deposit / NRO for deposit upto less than Rs. 1 Crore #

Maturity Slab

Interest Rate (% p.a.)

15-30days

4.50

31-45 days

5.75

46-60 days

6.25

61-90 days

6.75

91-6 months

7.50

6 months 1 days

8.00

6 months 2 days to 270 days

8.00

271 days to < 1year

8.00

1yrs to < 2yrs

8.25

2 yrs to < 3 yrs

8.25

3 yrs to < 5 yrs

8.25

5 years

8.25

> 5yrs - 7yrs

8.25

>7 yrs - 10 yrs

8.25

>10 yrs - 20 yrs*

7.75

Senior Citizen Interest Rates** for deposit upto less than Rs. 1 Crore#

Maturity Slab

Sr. Citizen Interest Rate (p.a. %)

15-30days

4.50

31-45 days

5.75

46-60 days

6.25

61-90 days

6.75

91-6 months

7.50

6 months 1 days

8.00

6 months 2 days to 270 days

8.50

271 days to < 1year

8.50

1yrs to < 2yrs

8.75

2 yrs to < 3 yrs

8.75

3 yrs to < 5 yrs

8.75

5 years

8.75

> 5yrs - 7yrs

8.75

>7 yrs - 10 yrs

8.75

>10 yrs - 20 yrs*

8.25

# Deposits of Rs 1 Crore and above are treated as Bulk deposit w.e.f April 01, 2013 as per the revised definition advised by RBI.
*I. Retail deposits on regular payment of interest basis (i.e. non-cumulative basis) may be accepted by the branches.

II. Retail Deposits under Floating Rate Term Deposit (FRTD) Scheme for maturity bucket above 10 years to 20 years (non-cumulative) may also be accepted.

** The Senior Citizen Interest rates are 0.50% higher for deposits from 6 months 2 days.
Floating Rate Term Deposit

ANCHOR RATE DETAILS

Average of Weighted Avg. Yield of 364 days Treasury Bill Auction undertaken by RBI for Quarter

Anchor Rate (%)

Anchor Rate for Quarter

Between April 1 - June 30, 2012

8.19

July 1 - September 30, 2012

Between July 1 - September 30, 2012

8.04

Between October 1 - December 31, 2012

Between October 1 - December 31, 2012

8.05

Between January 1 - March 31, 2013

Between January 1 - March 31,2013

7.86

Between April 1 - June 30, 2013

Between April 1 - June 30,2013

7.46

Between July 1- Sept.30, 2013

Between July 1 - Sept.30, 2013

9.53

Between Oct.1 - Dec.31, 2013

Between Oct.1 - Dec.31, 2013

8.83

Between January 1 - March 31, 2014

Between January 1 - March 31, 2014

8.88

Between April 1 - June 30, 2014

Between April 1 - June 30, 2014

8.82

Between July 1 - Sept 30, 2014

Between July 1 - September 30, 2014

8.69

Between October 1 - December 31, 2014

Between Oct.1 - Dec.31, 2014

8.39

Between January 1 - March 31, 2015

Between January 1 - March 31, 2015

8.01

Between April 1 - June 30, 2015

Between April 1 - June 30, 2015

7.83

Between July 1 - Sept 30, 2015

Detail of Anchor, Mark up and Effective rate for Regular and Senior Citizen
(Rate in % p.a)

EFFECTIVE RATE APPLICABLE FROM
July 01, 2015 to September 30, 2015

EFFECTIVE RATE APPLICABLE FROM
July 01, 2015 to September 30, 2015

Tenor
(Years)

Anchor Rate

Revised Mark-up

Effective rate on FRTD for Regular Depositor

Effective FRTD rate for Senior Citizen

Mark -up on the average rate (Applicable for existing FRTD opened prior to August 01, 2014)

Effective rate on FRTD for Regular Depositor

Effective FRTD rate for Senior Citizen

1

7.83

1.00

8.83

9.33

1.00

8.83

9.33

2

7.83

0.75

8.58

9.08

1.10

8.93

9.43

3

7.83

0.75

8.58

9.08

1.25

9.08

9.58

5

7.83

0.75

8.58

9.08

1.25

9.08

9.58

7

7.83

0.75

8.58

9.08

1.35

9.18

9.68

10

7.83

1.00

8.83

9.33

1.40

9.23

9.73

>10 - 20

7.83

0.65

8.48

8.98

1.40

9.23

9.73

Terms & Conditions
    1. Interest Payment - The interest on the deposit is payable quarterly on the last day of each quarter.
    2. Interest Reset - Every 3 months, coinciding with calendar quarters - on April 1, July 1, October 1 and January 1 every year.
    3. Minor's account - A minor alone cannot open an FRTD as the maturity amount cannot be determined at the time of opening the FRTD. Minor’s account to be can opened jointly with his/her guardian only.
    4. Tax deduction at source - TDS applicable if the interest paid/ payable on deposit exceeds Rs. 10,000/- per customer, per year, per branch.
    5. Premature Withdrawal -

    • a) Minimum Lock-in period: one year; No premature withdrawal up to one year.

    • b) After one year, the rate applicable, in the event of premature withdrawal, would be the average benchmark rate of the immediate preceding quarter with the mark up of applicable preceding tenor e.g. If the depositor books deposit for 2 years and requests for a pre closure after 1year and 110 days the applicable rate would be the average benchmark of the preceding quarter of the last quarter the deposit had remained with the Bank (as applicable for the relevant quarter) plus the mark up of 1 year.

    • c) The calculation of interest shall be as per extant guidelines for term deposit carrying fixed rate.

    6. Senior Citizen - Senior Citizens will be paid interest at 50 basis point higher that applicable FRTD rate.
    7.Switch from Fixed to floating rate - Proposed to be allowed by closure of the existing Term Deposit under fixed rate and payment at the originally contracted rate. No Premature penalty to be levied provided rebooking tenure under the FRTD scheme is at least equal to the original residual period of the Term Deposit contracted at fixed rate of interest. No conversion of floating to fixed rate permissible.

Disclaimer
- The mark-up would be revised at the Bank's discretion. The revised mark-up would be applicable only for fresh and renewal of existing deposits.
Suvidha Tax Saving Fixed Deposits (5 YEARS)

w.e.f. June 10, 2015

Normal Retail Rate

8.25

Senior Citizens

8.75
Recurring Deposits **** (w.e.f. June 10, 2015)
Interest Rate (% p.a.)
Tenure Normal Senior Citizen
1yrs to < 2yrs 8.25 8.75
2 yrs to < 3 yrs 8.25 8.75
3 yrs to < 5 yrs 8.25 8.75
5 years 8.25 8.75
> 5yrs - 7yrs 8.25 8.75
>7 yrs - 10 yrs 8.25 8.75
**** No interest shall be paid if Recurring Deposit (RD) is discontinued before three months. If RD is discontinued before one year but kept for at least 3 months with the Bank then Interest rate applicable for Savings Bank shall be paid. In case of premature closure of Recurring Deposit by Sr. Citizen, the additional 50bps applicable to Sr. Citizen shall be made available provided the RD has been with the bank for complete 12 months from the date of the 1st installment.

Interest payable on Premature Withdrawal of Term Deposits
No penalty for premature withdrawal on Retail Term Deposit opened / renewed with effect from 1st Jan 2011.

With respect to Retail Term Deposit booked prior to January 1, 2011, no premature penalty will be applicable if the existing Term Deposit are prematurely closed and rebooked for an equal or longer maturity period. e.g. if a customer had booked an FD in April 14, 2010 for 2 years and he now proposes to preclose and reinvest afresh from January 01, 2011 for 2 years or more.

In case the customer prefers to prematurely withdraw the retail term deposit (booked before 01st Jan 2011) from the Bank, the penalty norms prevailing at the time of booking of the term deposit will be applicable.
# RATES FOR BULK DEPOSITS ( Rs. 1 cr. and Above ** ) (w.e.f. June 30, 2015)
Maturity Slabs Rs 1 cr and above
07 – 14 days 6.25
15-30 days 6.25
31-45 days 6.75
46 – 60 days 7.00
61-90 days 7.00
91-120 days 7.25
121-180 days 7.25
181-269 days 7.75
270 days-13 months 7.75
>13 months-35 months 7.25
>35 months -40 months 7.25
>40mnths-<5yrs 7.25
5 yrs -7 yrs 7.00
>7 yrs- 10 yrs 7.00
# 1. Acceptance of deposits of 1 cr. and above is at the discretion of Bank's Treasury.
2. The above rates are subject to revision from time to time.
3. Customers may contact the nearest branch of the Bank for details.

** Penalty for Premature Closure of Bulk Deposits: Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposit remained with the Bank, whichever is lower, less 1 % penalty.
Mibor Linked Deposit (Effective from February 3, 2012)
Please contact our nearest branch for rate of interest and terms.
Retail Loans (w.e.f. May 11, 2015 )

Base Rate (BR)

10.00%p.a.

Home loans

Facility /Interest Type

For all loan amounts

Home Loan (Floating)

10.00% (BR+0.00%)

Home Loan Interest Saver (Floating)

10.15% (BR+0.15%)

Home Loan (Fixed ) for 3 to 10 years

Below Rs. 30 lac

Rs.30 lac & above

10.50% (BR+0.50%)

10.75% (BR+0.75%)

On completion of fixed period customer will be provided with an option to continue at the then Prevailing fixed Rate for next 3 years OR Switch to Prevailing Floating Rate.

Turnover based Loan (HL)

13.00% (BR+3.00%)(Floating)

Home Loans : Balance transfer + Top-up

Internal Top up : (Floating)

As per extant Home Loan rates of interest based on the combined exposure

10.00%(BR +0%)

Balance Transfer

As per extant Home Loan rates of interest

10.00%(BR +0%)

Top up along with Balance transfer

As per extant Home Loan rates of interest based on the combined exposure(BT+TOP UP)

10.00%(BR +0%)

If Top up amount is more than 100% of originally sanctioned Home Loan.

In case Top up amount exceeds 100% of originally sanctioned Home Loan, the additional amount would be offered at prevailing Loan Against Property(LAP) rate.

LOAN AGAINST PROPERTY & ITS VARIANTS

Loan Against  Property (LAP)/
Loan Against Rent Receivable (LARR)
(Floating)

11.50%(BR+1.50%) for PSL

12.00% (BR+2.00%) for Non PSL

Loan Against Rent Receivable (LARR) to landlords of IDBI Bank
(Floating)

11.50 %( BR+1.50%) For PSL 

12.00% (BR+2.00%) for Non PSL

Loan to the landlords of IDBI Bank Ltd for Setting up of Currency Chests against future rent receivables
(Floating)

If interest serviced during Pre-EMI/Moratorium Period

If interest not serviced during Pre-EMI/ Moratorium Period

11.75% (BR+1.75%) 

12.00% (BR+2.00%)

Loan Against Property- Overdraft(LAP-OD)/Loan against Property-Interest Saver(LAP-IS)
(Floating)

11.75%(BR+1.75%) for PSL

12.25 %( BR+2.25%) for Non PSL.

Reverse Mortgage Loan (RML)

11.25% (BR+1.25%) Fixed

Loan for Commercial Property Purchase (LCPP)
(Floating & Fixed )

Floating:
12.00%(BR+2.00%) for PSL 12.25%(BR+2.25%) for Non PSL

Fixed for 5 years:
12.25%(BR+2.25%) for PSL 12.50%(BR+2.50%) for Non PSL

  Turnover Based
Loan Against Property and its variants
(Floating)

  12.75%(BR+2.75%) for PSL

13.00 %( BR+3.00%) for Non PSL

Education Loan (Floating)

Non-vocational

 

Loan amounts qualifying as Priority Sector Lending (PSL)
1. Up to Rs. 10 lac for studies in India
2. Up to Rs. 20 lac for studies Abroad

11.00% (BR+1.00%)

Loan amount not qualifying as Priority Sector Lending (PSL)
1. Above Rs. 10 lac for studies in India
2. Above Rs. 20 lac for studies Abroad

12.00% (BR+2.00%)

Vocational Courses

11.00% (BR+1.00%)

Education Loans for students studying in Premier Education Institutes (including ISB)

10.00% (BR+0.00%)

Education Loan for other students who secured admission under Management Quota.

13.50% (BR+3.50%)

Auto Loan (Fixed)

For All Loan Amounts

10.35% (BR+0.35%)

Auto Loan Combo Offer For Existing Home Loan Borrowers

0.25% concession on Auto Loan ROI (Card Rate) subject to Base Rate

Personal Loan & its variants

Salaried customers / Pensioners maintaining salary / pension accounts with IDBI Bank

13.50% (BR + 3.50%) Fixed

Salaried customers not maintaining salary accounts with IDBI Bank & Self Employed Professionals having liability relationship with IDBI Bank

14.00% (BR + 4.00% ) Fixed

Salaried individuals & Self Employed Professionals who have availed Home Loan / Loan Against Property from us (only full disbursed cases)

13.00% (BR +3.00%) Fixed

Overdraft facility (Floating)

Pension Account with overdraft facility (to retired employees of IDBI Bank Ltd.)

11.00% (BR+1%) Floating

Salaried / Pension Account with overdraft facility (For others)

13.75% (BR+3.75%) Floating

The above rates are indicative in nature and may vary depending upon category of customer.
For further assistance
Please contact your nearest Branch / Retail Asset center or Call:
1800-22-1070 (MTNL / BSNL)
1800-200-1947 (Mobile / Other)
Home | Top
Service Charges : Domestic Interest Rates : NRI Interest Rate
Disclaimer : webmaster : Site Map : RBI : RTGS : FAQ Policies - Privacy : Hyperlink : Copyright : Screen Reader Access