IDBI Bank revises fixed deposit rates at an attractive interest rate of 9.50% p.a. for 500 days for normal deposits and 10.25% p.a. for senior citizens w.e.f July 14,2011.
The Bank pays interest on deposits as per various deposit scheme. 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 |
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| Savings Bank Rate (w.e.f. May 03,2011) |
4.00% p.a.
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| Base Rate (w.e.f August 01, 2011) |
10.75%
All floating Loans are linked to Base Rate of the Bank. |
| Current BPLR (w.e.f August 01, 2011) |
15.25% |
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Resident Term Deposit/NRO (w.e.f August 1, 2011) |
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Tenor |
IDBI- Interest Rate (%) |
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Upto Rs.15 lakh |
Above Rs.15 lakh upto Rs.1 cr |
15-45 days |
6.00 |
6.00 |
46-90 days |
7.00 |
7.00 |
91 days - < 6 months |
8.00 |
8.00 |
6 months- 269 days |
9.00 |
9.00 |
270 days- 1 year |
9.25 |
9.25 |
1 year 1 day-499 days |
9.50 |
9.50 |
**500 days |
9.50 |
9.50 |
> 500 days – 5 yrs |
9.50 |
9.50 |
>5 yrs-7 yrs |
9.50 |
9.50 |
>7 yrs – 10 yrs |
9.50 |
9.50 |
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| Senior Citizens Deposits (only for resident) Effective from August 1, 2011 |
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Tenor |
IDBI- Interest Rate (%) |
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Upto Rs.15 lakh |
Above Rs.15 lakh upto Rs.1 cr |
46-90 days |
7.50 |
7.50 |
91 days - < 6 months |
8.50 |
8.50 |
6 months- 269 days |
9.50 |
9.50 |
270 days- 1 year |
9.75 |
9.75 |
1 year 1 day-499 days |
10.25 |
10.25 |
**500 days |
10.25 |
10.25 |
> 500 days – 5 yrs |
10.25 |
10.25 |
>5 yrs-7 yrs |
10.25 |
10.25 |
>7 yrs – 10 yrs |
10.25 |
10.25 |
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** All branches are requested to use the codes specific for 500 days for opening this special bucket account, due to difference in days in each quarter .Codes given below for branch reference.
1100 days has been discontinued |
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| Suvidha Tax Saving Fixed Deposits (5 YEARS) Effective from August 1 ,2011 |
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w.e.f. August 1,2011 |
Normal Retail Rate |
9.50 |
Senior Citizens |
10.25 |
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| Recurring Deposits (Effective from August 1, 2011) |
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| Tenure |
Normal Retail Rate |
*Senior Citizens |
1 Yr |
9.25 |
9.75 |
>1 Yr – 7 yrs |
9.50 |
10.00 |
>5 yrs – 7 yrs |
9.50 |
10.00 |
* In case of premature closure of Recurring Deposit, the additional 50bps to senior citizen shall be made available provided the Recurring Deposit has been with the bank for complete 12 months from the date of the 1st installment. |
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The retired staff members of our Bank, fulfilling the prescribed criteria of Senior Citizens (as advised by Bank) would also be eligible to get this benefit of 0.50% higher rate of interest (on deposits upto 1 year) and 0.75% higher rate of interest (on deposits above 1 year) in addition to existing benefit of 1% higher (on all maturities) over and above the normal rates as per extant guidelines, on domestic term deposits. |
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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
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| For FD above Rs. 1 cr, please contact our nearest branch. |
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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. |
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| Mibor Linked Deposit (Effective from February 3, 2012) |
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Please contact our nearest branch for rate of interest and terms. |
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| Home Loans (Floating) |
| Loan Tenure |
Home loans |
Home loan Interest Saver |
Up to Rs 25 lacs |
11.00% p.a
(Linked to BR) |
11.75% p.a
(Linked to BR) |
Above Rs 25-Rs 30 lacs |
11.50%-11.75% p.a
(Linked to BR) |
12.00%-12.25% p.a
(Linked to BR) |
Above Rs 30 lacs to less than Rs 75 lacs |
11.75% p.a
(Linked to BR) |
12.25% p.a
(Linked to BR) |
Rs 75 Lacs and above |
12.25% p.a
(Linked to BR) |
12.75% p.a
(Linked to BR) |
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| Home Loans (Fixed ) |
| Options |
Below Rs 75 lacs ROI(%) p.a |
Rs. 75 lacs and above ROI(%) p.a |
Fixed for 3 years |
13.50% |
14.00% |
Fixed for 5 years |
13.75% |
14.25% |
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| Mortgage Loan (Floating) |
| Options |
ROI(%) p.a |
Loan Against Property |
13.50% p.a
(Linked to BR) |
Loan Against Property Interest Saver |
14.75% p.a
(Linked to BR) |
Line of credit/ Loan Against Property- Overdraft |
13.75%p.a
(Linked to BR) |
Loan Against Rent Receivables |
13.50% p.a
(Linked to BR) |
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| Loan for commercial property purchase (Floating) |
16.50% p.a (Linked to BR) |
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| Reverse Mortgage Loan (Fixed) |
Fixed (Re-Phasement after every 5 years ) |
12.00% |
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| Educational Loan (Floating) |
| Type |
ROI(%) p.a |
Up to Rs 4 lakhs |
13.25% p.a
(Linked to BR) |
Above Rs 4 lakh to Rs. 7.5 Lakh |
13.50% p.a
(Linked to BR) |
Above Rs 7.5 lakh to Rs. 20 Lakh |
13.00% p.a
(Linked to BR) |
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| Auto Loan (Floating ) |
| MUV Segment |
ROI(%) p.a |
MUV Segment |
13.50% p.a
(Linked to BR) |
For all other vehicles |
13.00% p.a
(Linked to BR) |
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| Auto Loan (Fixed) |
| Vehicle Segment |
ROI(%) p.a |
| Tenor up to 36 months |
Tenor up to 60 months |
Segment A: Small/Mid-size/ Utility |
12.75% p.a |
13.25% p.a |
MUVs |
13.25% p.a |
14.25% p.a |
Segment B: Premium |
12.75% p.a |
13.25% p.a |
Segment C: Luxury & SUV |
12.75% p.a |
13.00% p.a |
Segment D: Classic |
12.75% p.a |
13.00% p.a |
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)
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