It has extended these special fixed deposit deadlines to June 30, 2024 from March 31, 2024.
Utsav FD 300 days
The bank offers senior citizens 7.55%. The bank gives regular, NRE, and NRO customers an interest rate of 7.05% under the Amrit Mahotsav FD scheme of 300 days. Also, premature withdrawal and closure is allowed.
Utsav FD 375 days
The bank gives senior citizens 7.60%. 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.
Utsav FD 444 days
The bank offers normal, NRE, and NRO clients an interest rate of 7.25% and for senior citizens, the bank offers older citizens 7.75% Fd interest rates.Utsav Callable FD
The interest rate structure is as under:
| Interest Rate (% p.a.) | |||
| Special Buckets | General/NRE/NRO | Senior Citizens | |
| 300 Days | 7.05 | 7.55 | |
| 375 Days | 7.1 | 7.6 | |
| 444 Days | 7.25 | 7.75 | |
Points to know
Tenure of 300 Days not applicable for NRE Deposits.
Premature withdrawal / closure permitted.
Staff & Senior Citizen Rates are not applicable to NRO & NRE term Deposits.
All other features of term deposit as well as terms and conditions shall remain unchanged and are applicable for the above scheme also.
IDBI savings account interest rate
The bank has revised savings account interest rates and is effective from April 1, 2024.
| Saving Balance | Rate of Interest (% p.a.) |
| Up-to Rs.1Lakh | 2.75 |
| Above Rs.1lakh to Rs.5 crore | 3 |
| Above Rs. 5 Cr to 100 Cr | 3.25 |
| Above Rs.100 Cr to Rs.1000Cr | 3.5 |
| Above Rs.1000 Cr to Rs.1500Cr | MIBOR +10bps |
| Above Rs.1500Cr to Rs.2000Cr | MIBOR +40bps |
| Above Rs.2000Cr | MIBOR +75bps |
IDBI Bank FD interest rates
The bank offers interest rates between 3% to 7% for general citizens for tenure ranging from 7 days to 10 years.
| Interest Rate (% p.a.) | ||
| Retail Term Deposits ( | ||
| 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- 60 days | 4.25 | 4.75 |
| 61- 90 days | 4.5 | 5 |
| 91 days to 6 months | 5.25 | 5.75 |
| 6 months 1 day to 270 Days | 5.75 | 6.25 |
| 271 days to | 6.25 | 6.75 |
| (except 300 Days) | ||
| 1 Year to 2 Years | 6.8 | 7.3 |
| (except 375 Days and 444 Days) | ||
| > 2 Years to | 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 |
