Get more profits from your SuperSavings Account

While the SuperSavings Account gives you the convenience of banking, it also assures you more profits with your savings. It makes your savings work harder for you.

This option offers you the flexibility of a Savings Account combined with the safety and higher rate of interest of a Fixed Deposit. All you need to do is open a fixed deposit with Rs 50,000 and you will get a free zero balance savings account. The fixed deposit will be linked to the savings account and you can easily withdraw your deposit in units of Rs 1,000. Just issue a cheque and withdraw across the counter or, use the International Debit cum ATM card and transfer money from your fixed deposit account to your savings account. All, while you earn higher interest in your outstanding amount in your fixed deposit.

IDBI offers you the highest interest returns on your Suvidha Fixed Deposits. You can choose from monthly/quarterly income plans, quarterly compounding scheme or recurring investment plans.

There are times when it is not possible for you to assign large funds for investments. As a bank that understands these constraints, IDBI offers you recurring fixed deposits. You can earn higher rate of interest even by investing small amounts (as low as Rs 500) regularly, which will be debited from your SuperSavings Account every month.

Certain emergencies require you to draw out funds from your investments, which may affect your financial planning. To avoid such situations, IDBI offers you overdraft against FDs in your SuperSavings Account. With this, you can avail of an overdraft up to 80% of your FD.

So you need not break your Fixed Deposit to tide over urgent cash requirements. You pay lower interest rates on the overdraft and keep your investments intact too.

IDBI offers depository services for your shareholding and related transactions at very competitive rates. You can also avail of loans against the shares held in your Demat Account at the lowest interest rates. All this with the assured confidentiality of transactions.

At IDBI, we offer a host of diverse investment products to suit individual needs. Choose from a range of Mutual Funds, Insurance and Bonds.