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Home > Interest Rate  
 
 
  Fixed Deposits Interest Rate  
 
IDBI Bank revises upwards 1100 days and 500 days fixed deposit at an attractive interest rate of 7.75% p.a. for 1100 days and 7.50% p.a. for 500 days for normal deposits 8.25% p.a. for 1100 days and 8.00% for 500 days for senior citizens w.e.f August 06,2010
Resident Term Deposits & NRO Deposits (Effective from August 06,2010)
 Maturity Slabs Resident & NRO Deposits
upto Rs 15 lac		 Preferential Resident & NRO Deposits above Rs 15 lac upto Rs 1crore
15 days - 45 days 2.75 % 2.75 %
46 days - 90 days 4.25 % 4.25 %
91 days - 6 months 5.50 % 5.50 %
> 6 months - <1 year 6.50% 6.50%
1 yr- <500 days
7.25% 7.25%
500 days 7.50% 7.50%
>500 days- <2years 7.25% 7.25%
2 yrs – < 1100 days (<3 years 5 days) 7.50% 7.50%
1100 days (3 years 5 days) 7.75% 7.75%
>1100 days (>3 years 5 days) - 5 yrs. 7.75% 7.75%
> 5 yrs – 7 yrs 7.75% 7.75%
> 7 yrs – 10 yrs 7.75% 7.75%
Senior Citizens Deposits (Effective from August 6,2010 )
 Maturity Slabs

 Interest Rate (% pa)
  Deposits upto Rs 15 lac Preferential Deposits above
Rs 15 lac upto Rs 1crore
46-90 days 4.75% 4.75%
91 days - 6 months 6.00% 6.00%
> 6 months - < 1 year
7.00% 7.00%
1 yr - <500 days
7.75% 7.75%
500 days
 8.00% 8.00%
>500 days - <2years
7.75% 7.75%
2 yrs – < 1100 days (<3 years 5 days) 8.00% 8.00%
1100 days (3 years 5 days) 8.25% 8.25%
>1100 days (>3 years 5 days)- 5 yrs 8.25% 8.25%
>5 yrs – 7 yrs 8.25% 8.25%
> 7 yrs – 10 yrs 8.25% 8.25%
 
Suvidha Tax Saving Fixed Deposits (5 YEARS) (Effective from November 16.2009 )
 

 Interest Rate (% pa)
Normal Retail rate 7.50%
Senior Citizen  8.00%
 
Recurring Deposits (Effective from August 6, 2010 )
 Maturity Slab

 Interest Rate (% pa)
1 year- < 2 yrs 7.25%
2 year- < 3 yrs 7.50%
3 year – 10 yrs 7.75%
 
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Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposit remained with the Bank (rate applicable for that tenure on the original date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. The premature withdrawal penalty of 1% is applicable on deposits opened/renewed with effect from 11th Nov. 2008
 
Deposits above Rs. 1 cr.(Effective from 2nd September 2010)

MATURITY SLAB

PREMIUM RETAIL DEPOSIT (Above  Rs.1 cr. upto Rs.5 cr.)

  BULK DEPOSIT CARD RATES
(Above Rs.5 crores)

07-14   days 

3.00

3.00

15-30   days

3.25

3.25

31-45   days

3.50

3.50

46-60 days

4.25

4.25

61 – 90 days

5.50

5.75

91-179  days

5.75

6.25

180 -269  days

6.00

6.25

270 -364 days

7.00

7.25

1 yr - 400 days*

7.25

7.50

401** - <2 yrs

7.50

7.75

2 years - < 3 yrs

7.50

7.50

3 years - < 5 yrs

7.75

7.75

5 years and above

8.00

7.75
( * = 13 months 6 days and ** = 13 months 7 days )
Penalty for Premature Closure of 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, less 1% penalty.
For FDs above Rs. 10 cr.pl. contact your dealing branch.
 
Mibor linked deposit (Effective from January 8,2010 )
Anchor
NSE MIBOR (Mumbai Interbank Overnight Rate) put out by NSE every morning at 10.00hrs.
Tenor Rate of Interest
7 - 30 days Mibor minus 100 bps
31 - 45 days Mibor minus 80 bps
46 - 90 days Mibor minus 60 bps
Interest Rate Reset Daily
Minimum denomination of deposit Above INR 1cr
Premature withdrawal
There will not be any premature payment penalty on these deposits. However the interest rate applicable will be the rate applicable for the period for which the deposit runs with the bank. The average daily MIBOR (as updated on the Treasury Intranet site daily) will be applied for the period during which the deposit runs with the bank. The cut off time for exercising premature withdrawal will be 3.00pm of the previous working day.
Interest settlement
P.S: OLD MIBOR DEPOSIT WILL CONTINUE TO GET CONTRACTED RATES AND THE ABOVE RATES ARE APPLICABLE FOR NEW DEPOSITS.
 
Home Loans  (Floating)
Loan Tenure Home loans Home loan Interest Saver

Up to Rs 20 lacs

8.50 % p.a

9.00% p.a
(Linked to BR) (Linked to BR)

Above Rs 20-Rs 30 lacs

 8.75% p.a 9.25 % p.a

(Linked to BR)

(Linked to BR)

Above Rs 30-Rs 50 lacs

9.00% p.a

9.50% p.a

(Linked to BR)

(Linked to BR)

Above Rs 50 Lacs

9.25 % p.a

9.75 % p.a

(Linked to BR)

(Linked to BR)
 
Home Loans (Fixed )    
Options ROI(%) p.a

Fixed for 3 years

10.75 %

Fixed for 5 years

11.00 %
 
Mortgage Loan (Floating)    
Options ROI(%) p.a

Loan Against Property (LAP) (Residential / Commercial)

11.75 % p.a
(Linked to BR)

Loan against Plot (Residential / Commercial)

12.75 % p.a
(Linked to BR)

Loan Against Property Overdraft (Residential / Commercial)

12.00 % p.a
(Linked to BR)

Loan Against Rent Receivables (Residential / Commercial) (LARR)

11.75 % p.a
(Linked to BR)
 
Loan for purchase of plot (Floating)

11.50 % p.a (Linked to BR)

 
Loan for commercial property purchase (Floating)

13.75 % p.a (Linked to BR)
 
Reverse Mortgage Loan (Fixed)
Fixed (Re-Phasement after every 5 years ) 10.75%

 
 
Qualifying Loan Amount (Rs.1.00 lac)

Tenor (years)

10

11

12

13

14

15

16

17

18

19

20

Monthly
Instalment (Rs.)

463

395

340

294

256

223

195

172

151

134

118
 
Educational Loan (Floating)

Type

ROI(%) p.a

Up to Rs 4 lakhs

11.25% p.a
(Linked to BR)

Above Rs 4 lakhs

11.50% p.a
(Linked to BR)
 
Auto Loan (Floating )

MUV Segment

ROI(%) p.a

MUV Segment

10.75% p.a
(Linked to BR)

10.75% p.a (Linked to BR)

10.25% p.a
(Linked to BR)

 
w.e.f October 1, 2009
 
Auto Loan (Fixed)

Vehicle Segment

ROI(%) p.a

Tenor up to 36 months

Tenor up to 60 months

Segment A & B: Small/Mid-size/ Utility & Premium

10.00% p.a

10.50% p.a

MUVs

10.50% p.a

11.50% p.a

Segment C: Luxury

10.00% p.a

10.25% p.a

Segment D: Classic

10.00% p.a

10.25% p.a
 
Base Rate 8%

 
w.e.f July 1, 2010
The above rates are indicative in nature and may vary depending upon category of customer.
For further assistance
Please contact your nearest Branch /Retail Asset center or Call :
1800-22-1070 (MTNL / BSNL)
1800-200-1947 (Mobile/Other)
 
 
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