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| Home > Interest Rate |
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| Interest rates on the range of NRI products are listed below: |
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Senior Citizens are not given the facility of additional interest rate on investment made in
NRO Fixed Deposits.
Non Resident Ordinary - NRO Deposit rates(Effective April 20, 2012)
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Sr.no. |
Maturity Slab |
Upto Rs. 15 Lacs |
Deposits above  15 LACS
upto 1 Cr. |
1 |
15- 45 days |
6.00% |
6.00% |
2 |
46 – 90 days |
7.00% |
7.00% |
3 |
91 days -< 6 mths |
8.00% |
8.00% |
4 |
6 mths - 269 days |
8.90% |
8.90% |
5 |
270 days - 1 year |
9.00% |
9.00% |
6 |
1 yr 1 day – 499 days |
9.25% |
9.25% |
7 |
500 days (16 mths 11days) |
9.25% |
9.25% |
8 |
>500 days – 5 yrs |
9.25% |
9.25% |
9 |
>5 yrs- 7 yrs |
9.00% |
9.00% |
10 |
> 7 yrs- 10 yrs |
9.00% |
9.00% |
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Non Resident (External) - NRE Deposits rates
(Effective April 20, 2012)
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Sr.no. |
Maturity Slab |
Interest Rate (% p.a.)
Up to Rs 1 cr |
1 |
1year |
9.00% |
2 |
1 year 1 day – 499 days |
9.25% |
3 |
500 days |
9.25% |
4 |
>500 days – 5 yrs |
9.25% |
5 |
>5 yrs – 7 yrs |
9.00% |
6 |
>7 yrs – 10 yrs |
9.00% |
• The above rates are applicable only on Fresh NRE deposits and on renewal of maturing deposits for amounts up to 1 crore.
• No interest will be paid on deposits closed pre-maturely in less than 1 year.
• For rates above 1 crore, please contact the nearest IDBI Bank branch or mail us at nri@idbi.co.in |
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Interest Rate on Savings Accounts (Effective March 1, 2011)
Account Type |
Interest Rate (% p.a.) |
Details |
NRE |
4.00 % |
Interest is compounded Quarterly and paid Half Yearly |
NRO |
4.00 % |
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| Resident Foreign Currency – RFC Deposit rates
(Effective May 5, 2012)
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Maturity Slab |
USD |
GBP |
EURO |
JPY |
Less than 29 days |
1.46 |
1.85 |
1.54 |
0.13 |
30 days - 90 days |
1.49 |
1.94 |
1.60 |
0.14 |
91 days - 6months |
1.72 |
2.26 |
1.89 |
0.20 |
181 days - 1year |
1.98 |
2.58 |
2.20 |
0.34 |
1year 1 day - 2years |
3.05 |
3.86 |
3.30 |
0.55 |
2years 1 day - < 3years |
2.56 |
3.38 |
2.95 |
0.35 |
3years only |
3.67 |
4.47 |
4.07 |
0.36 |
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| RFC Savings Account (Effective from July 14, 2011 ) |
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CURRENCY |
INTEREST RATE |
USD |
0.50% |
GBP |
3.00% |
EUR |
1.00% |
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| Foreign Currency Non Resident (Bank) - FCNR (B) deposit rates (Effective May 5, 2012)
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Maturity Slab |
USD |
GBP |
EUR |
AUD |
CAD |
1 Year - less than 2 Years |
3.05 |
3.86 |
3.30 |
6.95 |
4.05 |
2 Years - less than 3 Years |
2.56 |
3.38 |
2.95 |
5.70 |
3.69 |
3yrs to less than 4yrs |
3.67 |
4.47 |
4.07 |
6.76 |
4.81 |
4yrs to less than 5yrs |
3.88 |
4.58 |
4.25 |
6.99 |
4.92 |
5yrs only |
4.11 |
4.70 |
4.45 |
7.09 |
5.03 |
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| Recurring Deposits: effective from April 20, 2012. |
| Senior Citizens are not given the facility of additional interest rate on investment made in
NRO Recurring Deposits.
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Maturity Slab |
Interest Rate (% p.a.) |
1 year |
9.00 % |
> 1 year – 5 yrs |
9.25 % |
>5 yrs – 10 yrs |
9.00% |
(The other terms and conditions will remain unchanged.)
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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.
The above interest payment clause on premature withdrawal of Term Deposits is applicable on all Fixed deposits types like Monthly and Quarterly interest paying deposits, Cumulative or Re-Investment Deposits, Deposits linked to Savings/Current Accounts (FFD types of deposits) & Recurring 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. There is no penalty on pre mature closure of deposits.
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