| As per RBI mandate, Savings Bank interest will be calculated on the daily balances maintained in your account, at a rate of interest as specified by RBI 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 February 01, 2013) |
10.25 %
All the loans are linked to Base Rate of the Bank |
| Current BPLR (w.e.f February 01, 2013) |
14.75 % |
|
| 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 |
| Resident Term Deposit / NRO for deposit upto less than Rs. 1 Crore # |
Tenor |
Interest Rate (% p.a.) |
15-45 days |
6.00 |
46-90 days |
7.00 |
91 days - < 6 months |
7.25 |
6 months- 269 days |
8.50 |
270 days- 1 year |
8.75 |
1 year 1 day-499 days |
8.75 |
500 days@ |
9.00 |
> 500 days – 5 yrs |
9.00 |
>5 yrs-7 yrs |
8.75 |
>7 yrs – 10 yrs |
8.50 |
>10 yrs up to 20 yrs * |
8.50 |
|
| Senior Citizen Interest Rates** for deposit upto less than Rs. 1 Crore# |
|
|
Tenor |
Interest Rate (% p.a.) |
46-90 days |
7.00 |
91 days - < 6 months |
7.25 |
6 months- 269 days |
9.00 |
270 days- 1 year |
9.25 |
1 year 1 day-499 days |
9.25 |
500 days@ |
9.50 |
> 500 days – 5 yrs |
9.50 |
>5 yrs-7 yrs |
9.25 |
>7 yrs – 10 yrs |
9.00 |
>10 yrs up to 20 yrs * |
9.00 |
|
# 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.
@ Specific Codes for 500 days to be used for opening this special bucket account. |
|
| 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 |
|
| RATE APPLICABLE FROM APRIL 1, 2013 TO JUNE 30, 2013 |
| Tenor |
Anchor Rate |
Mark - up on the average rate |
Effective rate
for FRTD rate |
Senior
Citizen |
| (Years) |
(%) |
(%) |
(%) |
(%) |
| 1 |
7.86 |
1.00 |
8.86 |
9.36 |
| 2 |
7.86 |
1.10 |
8.96 |
9.46 |
| 3 |
7.86 |
1.25 |
9.11 |
9.61 |
| 5 |
7.86 |
1.25 |
9.11 |
9.61 |
| 7 |
7.86 |
1.35 |
9.21 |
9.71 |
| 10 |
7.86 |
1.40 |
9.26 |
9.76 |
| >10 – 20 |
7.86 |
1.40 |
9.26 |
9.76 |
|
| w.e.f. May 13, 2013 |
| Normal Retail Rate |
9.00 |
| Senior Citizens |
9.50 |
|
| |
Interest Rate (% p.a.) |
| Tenure |
Normal |
Senior Citizen |
1 Yr - 15 months |
8.75 |
9.25 |
>15 months - 5 yrs |
9.00 |
9.50 |
>5 yrs - 7 yrs |
8.75 |
9.25 |
>7 yrs - 10 yrs |
8.50 |
9.00 |
|
Interest payable on Premature Withdrawal of Term Deposits
No penalty for premature withdrawal on all the above deposits opened / renewed with effect from 1st Jan 2011
No premature penalty will be applicable if the existing FD’s of Individuals, HUFs and TASC customers are rebooked with us for an equal or longer maturity period. eg. 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 deposit (FD booked before 01st Jan 2011) from the Bank, the existing penalty norms will be applicable. |
| For FD of Rs. 1 cr. and above, please contact our nearest branch. |
| Penalty for Premature Closure of 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. |
|
| Please contact our nearest branch for rate of interest and terms. |
| Retail Loans (w.e.f. May 18, 2013) |
Base Rate (BR) |
10.25% p.a. |
Home loans |
Facility /Interest Type |
Below Rs.30 Lakh |
Rs.30 Lakh & above |
Home Loan (Floating) |
10.25% (BR+0.00%) |
10.50% (BR+0.25%) |
Home Loan Interest Saver (Floating) |
Up to Rs.25 lakhs |
From Rs.25-30 Lakh |
Above Rs.30 & up to
Rs.75 Lakh |
Above
Rs.75 Lakh |
10.75% (BR+0.50%) |
11.00% (BR+0.75%) |
11.25% (BR+1.00%) |
11.50% (BR+1.25%) |
Home Loan (Fixed for 3 to 5 years) |
11.25% (BR+1.00%) |
Turnover based Loan (HL) (Floating) |
13.25% (BR+3.00%) |
Loan against Property |
Loan against property / Loan against Rent Receivable (Floating) |
13.00% (BR+2.75%) |
Loan Against Rent Receivable (LARR) to landlords of IDBI Bank (Floating) |
12.25% (BR+2.00%) |
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:
12.00% (BR+1.75%) |
If interest not serviced during Pre-EMI/Moratorium Period:
12.25% (BR+2.00%) |
Loan against property overdraft (Floating) |
13.25% (BR+3.00%) |
Loan against Property Interest Saver (Floating) |
14.25% (BR+4.00%) |
Reverse Mortgage Loan (Fixed) |
11.50% (BR+1.25%) |
Turnover based Loan (LAP) (Floating) |
14.00% (BR+3.75%) |
Loan for commercial property purchase (Floating & Fixed) |
Loan upto
Rs.5 cr |
Loan above
Rs.5 cr upto Rs.10 cr |
12.50% (BR+2.25%) Floating |
13.25% (BR+3.00%) Floating |
13.00% (BR+2.75%)
Fixed for 5 years |
13.75% (BR+3.50%) Fixed for 5 years |
Education Loan (Floating) |
Non-vocational |
|
Loan amounts qualifying as Priority Sector Lending (PSL) 1. Up to Rs. 10 lakhs for studies in India 2. Up to Rs. 20 lakhs for studies Abroad |
11.25% (BR+1.00%) |
Loan amounts qualifying as Priority Sector Lending (PSL) 1. Above Rs. 10 lakhs for studies in India 2. Above Rs. 20 lakhs for studies Abroad |
12.25% (BR+2.00%) |
Vocational Courses |
11.25% (BR+1.00%) |
Education Loans for students studying in Premier Education Institutes (including ISB) |
10.25% (BR+0.00%) |
Education Loan for other students who secured admission under Management Quota. |
13.75% (BR+3.50%) |
Education Loan under Financial Inclusion program (FIP) |
11.75% (BR+1.50%) |
Auto Loan (Fixed) |
Existing as well as new Savings / Current Account holder, giving SI Mandate for repayment of loan |
11.25% (BR+1.00%) |
For all other borrowers not giving SI mandate (if not a customer, should open S/B account) |
11.50% (BR+1.25%) |
Personal Loan (Fixed) |
Customers maintaining salary accounts with IDBI Bank |
14.25% (BR+4.00%) |
Customers not maintaining Salary A/c but having liability relationship with IDBI Bank |
15.25% (BR+5.00%) |
Customers having Home Loan / Loan against Property from IDBI Bank (security of HL/LAP extended to PL) |
13.25% (BR+3.00%) |
Overdraft facility (Floating) |
Salary Account with in - built overdraft facility |
14.25% (BR+4.00%) |
Pensioners of IDBI Bank |
11.25% (BR+1.00%) |
|
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) |
