| Interest rates on the range of NRI products are listed below: |
Senior Citizens are not given the facility of additional interest rate on investment made in any NRI Fixed Deposit (NRE / NRO / RFC / FCNR).
|
| Tenor |
Interest rate (% p.a.) for deposit less than Rs.1 Crore |
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 Yr |
8.75 |
1 Yr 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 |
|
Tenor |
Interest rate (% p.a.) for deposit less than Rs.1 Crore |
1 Yr |
8.75 |
1 Yr 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 |
|
• The above rates are applicable only on Fresh NRE / NRO deposits and on renewal of maturing deposits for amounts less than Rs. 1 crore.
• No interest will be paid on NRE deposits closed pre-maturely in less than 1 year.
• For NRE / NRO deposit rates in respect of deposit amount of Rs. 1 crore and above, please contact the nearest IDBI Bank branch or mail us at nri@idbi.co.in |
Account Type |
Interest Rate (% p.a.) |
Details |
NRE |
4.00 % |
Interest is compounded Quarterly and paid Half Yearly |
NRO |
4.00 % |
|
Maturity Slab |
USD |
GBP |
EURO |
JPY |
Less than 29 days |
1.42 |
1.74 |
1.29 |
0.11 |
30 days - 90 days |
1.44 |
1.74 |
1.31 |
0.12 |
91 days - 6months |
1.53 |
1.76 |
1.37 |
0.15 |
181 days – 1year |
1.66 |
1.84 |
1.45 |
0.24 |
1year 1 day - 2years |
2.69 |
2.88 |
2.39 |
0.44 |
2years 1 day - <3years |
2.45 |
2.68 |
2.43 |
0.29 |
3years only |
3.64 |
3.78 |
3.57 |
0.36 |
|
Currency |
Interest Rate (% p.a.) |
USD |
0.50% |
GBP |
3.00% |
EUR |
1.00% |
|
Maturity Slab |
USD |
GBP |
EUR |
AUD |
CAD |
JPY |
SGD |
HKD |
CHF |
1 Year - less than 2 Years |
2.69 |
2.88 |
2.39 |
5.34 |
3.79 |
2.44 |
2.47 |
2.46 |
2.25 |
2 Years - less than 3 Years |
2.45 |
2.68 |
2.43 |
4.74 |
3.43 |
2.29 |
2.56 |
2.56 |
2.15 |
3yrs to less than 4yrs |
3.64 |
3.78 |
3.57 |
5.93 |
4.55 |
3.36 |
3.75 |
3.73 |
3.24 |
4yrs to less than 5yrs |
3.90 |
3.96 |
3.74 |
6.16 |
4.70 |
3.43 |
3.97 |
3.89 |
3.37 |
5yrs only |
4.16 |
4.15 |
3.93 |
6.32 |
4.85 |
3.54 |
4.18 |
4.13 |
3.52 |
|
| No interest will be paid on FCNR deposits closed pre-maturely in less than 1 year. |
Maturity Slab |
Interest Rate (% p.a.) |
1 year – 15 months |
8.75 |
> 15 months – 5 yrs |
9.00 |
> 5 yrs – 7 yrs |
8.75 |
> 7 yrs – 10 yrs |
8.50 |
|
Maturity Slab |
Interest Rate (% p.a.) |
1 year – 15 months |
8.75 |
> 15 months – 5 yrs |
9.00 |
|
Interest payable on Premature Withdrawal of Term Deposits
Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposit remained with the Bank (rate applicable for that tenure on the original date of the deposit) whichever is lower.
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