IDBI FD Rates 2024, IDBI Bank FD Interest Rates 2024

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IDBI Bank Limited is a development finance company owned by the Life Insurance Corporation of India and the Government of India, a development finance company primarily providing financial services to the industrial sector, IDBI Bank has increased its Fixed Deposit (FD) interest rates by Rs. Revised for amounts below Rs 2 crore, the new interest rates are effective from June 14, 2024.

IDBI Bank FD Rates 2024

IDBI Bank pays interest on deposits under various deposit schemes, the fixed deposit interest rates are revised from time to time and the revised interest rates are applicable only on renewals and fresh deposits, but the existing fixed deposit continues to earn interest at the contractual rate.

IDBI Bank offers Suvidha Fixed Deposit Scheme with interest rates between 3.00% and 7.15% p.a with tenure between 7 days and 20 years, bank also offers additional interest rate to senior citizens, IDBI Bank offers fixed deposits like NRO, NRE, RFC and FCNR for NRIs. The bank also offers various products like deposits, IDBI Bank accepts foreign currency as well as fixed deposits.

IDBI Bank FD Interest Rates 2024

  • IDBI Bank offers its customers an interest rate of 3 percent on fixed deposits maturing between 7 to 30 days.
  • IDBI Bank pays an interest rate of 3.25 percent on fixed deposits maturing between 31 to 45 days.
  • IDBI Bank pays an interest rate of 4 percent on fixed deposits maturing between 46 to 90 days.
  • Bank’s FDs maturing between 91 days to 6 months now fetch an interest rate of 4.50 per cent.
  • IDBI Bank offers an interest rate of 5.75 percent on fixed deposits with maturity of more than six months and less than one year.
  • Fixed deposits maturing between one or two years (excluding 444 days) will fetch an interest rate of 6.80 per cent.
  • FDs with a tenure of more than two years but less than five years will fetch an interest rate of 6.5 percent.
  • IDBI Bank Tax Saver FD also fetches an interest rate of 6.5 percent.
  • Fixed deposits maturing between five and 10 years earn income.

IDBI Bank FD Interest Rates 2024 Highlights

Highest slab rate7.15% (for 444 days-Amrit Mahotsav FD )
For 1 year6.80%
For 2 years6.80%
For 3 years6.50%
For 4 years6.50%
For 5 years6.50%
Tax-Saving FD6.50%

IDBI Bank Fixed Deposit Interest Rates 2024 for Domestic / NRO Less than Rs. 2 crores 

TenureInterest Rates (% p.a.)
Regular CitizensSenior Citizens
0 – 6 daysNANA
07 – 30 days3.003.50
31 – 45 days3.253.75
46 – 90 days4.004.50
91 days – 6 months4.505.00
6 months 1 day – less than 1 year5.756.25
1 year – 2 years (except 444 days)6.807.30
Above 2 years – 5 years6.507.00
Above 5 years – 10 years6.256.75
Above 10 years – 20 years4.805.30

IDBI Tax Saver Deposit 

TenureInterest Rates (% p.a.)
Regular CitizensSenior Citizens
5 years (Suvidha Tax Saving Fixed Deposits)6.507.00

IDBI Bank Amrit Mahotsav FD Interest Rates 2024

TenureInterest Rates (% p.a.)
Regular CitizensSenior Citizens
444 days7.157.65

IDBI Bank NRE FD Interest Rates 2024 for Less than Rs 2 crores

TenureInterest Rates (% p.a.)
1 year6.75
Above 1 year – 2 years6.75
Above 2 years – less than 3 years6.50
3 years – less than 5 years6.50
5 years6.50
Above 5 years – 7 years6.25
Above 7 years – 10 years6.25

IDBI Bank FCNR (B) FD Interest Rates 2024

TenureInterest Rates (% p.a.)
USD (up to 2 million)GBPEURAUDCADJPYSGDHKDCHF
1 year – less than 2 years5.304.603.404.144.810.204.182.880.95
2 years – less than 3 years4.744.343.214.134.210.253.612.580.95
3 years – less than 4 years4.404.203.114.213.890.383.352.480.95
4 years – less than 5 years4.404.293.114.303.900.643.382.480.95
5 years only4.354.272.914.103.860.753.312.280.95

IDBI Bank RFC FD Interest Rates 2024

TenureInterest Rates (% p.a.)
USDGBPEURJPY
91 days – 6 months4.703.160.000.00
6 months 1 day – less than 1 year4.853.400.990.00
1 year – less than 2 years5.304.603.400.20
2 years – less than 3 years4.744.343.210.25
3 years4.404.203.110.38

NOTE – IDBI Bank fixed deposit rates are subject to change at the discretion of the bank, the information given here is only the current interest rates given by the bank, when you want to make a fixed deposit in the bank, you should visit URL https://www.idbibank.in/interest-rates.aspx the official website of IDBI Bank and confirm.