IDBI Bank revises FD interest rates; extends special FD deadlines with higher interest rates

IDBI Bank has revised fixed deposits interest rates for amounts less than Rs 2 crore. The rates are effective from November 12. Further, IDBI Bank has extended the validity date for special FDs dubbed as Amrit Mahotsav FD for 375 days and 444 days tenure, according to the bank website. It has extended these special fixed deposit deadlines to December 31.

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According to the bank website, “Festive Offer Extension of ‘Utsav FD’ for 375 Days and 444 Days up to December 31, 2023.”


Amrit Mahotsav FD 444 days
The bank gives regular, NRE, and NRO customers an interest rate of 7.15% under the Amrit Mahotsav FD scheme of 444 days. The bank gives senior citizens 7.65%. Also, premature withdrawal and closure is allowed.

Amrit Mahotsav FD 375 days
The bank gives older folks 7.65%. The bank gives regular, NRE, and NRO customers an interest rate of 7.10% under the Amrit Mahotsav FD scheme of 375 days. Also, premature withdrawal and closure is allowed.

Special Buckets	General/NRE/NRO	Senior citizens
375 Days	7.1	7.6
444 Days	7.25	7.75

Latest IDBI Bank FD interest rates

IDBI Bank fixed deposit interest rates range from 3% to 6.80% for FD tenures of between 7 days and 10 years for general citizens and from 3.50% to 7.30% for senior citizens. The rates are effective from November 12, 2023.

Maturity Slab	General Customers	Sr. Citizen
0-6 Days	NA	NA
07-30 days	3	3.5
31-45 days	3.25	3.75
46- 90 days	4	4.5
91 days to 6 months	4.5	5
6 months 1 day to 270 Days	5.75	6.25
271 days to < 1 year	6.25	6.75
1 Year to 2 Years	6.8	7.3
(except 375 Days and 444 Days)
> 2 Years to <3years	7	7.50
3 years to 5 years	6.5	7
>5 years to 10 years	6.25	6.75
>10 years to 20 years$	4.8	5.30
	Tax Saving FD
5 years	6.5	7