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Home > Interest Rate

Interest rates on the range of NRI products are listed below:

NRO Deposits rates stand revised as under w.e.f. August 1, 2011.
Senior Citizens are not given the facility of additional interest rate on investment made in NRO Fixed Deposits.

Sr.no.	Maturity Slab	Upto Rs. 15 Lacs	Deposits above 15 LACS upto 1 Cr.
1	15- 45 days	6.00%	6.00%
2	46 – 90 days	7.00%	7.00%
3	91 days -< 6 mths	8.00%	8.00%
4	6 mths - 269 days	9.00%	9.00%
5	270 days - 1 year	9.25%	9.25%
6	1 yr 1 day – 499 days	9.50%	9.50%
7	500 days (16 mths 11days)	9.50%	9.50%
8	>500 days – 5 yrs	9.50%	9.50%
9	>5 yrs- 7 yrs	9.50%	9.50%
10	> 7 yrs- 10 yrs	9.50%	9.50%

Non Resident External (NRE) Deposits rates stand revised as under w.e.f.. December 28, 2011.

Maturity Slab	Interest rate (deposits up to 1 crore)
1year	9.25%
1 year 1 day – 10 years	9.50%

• The above rates are applicable only on Fresh NRE deposits and on renewal of maturing deposits for amounts up to

1 crore.
• No interest will be paid on deposits closed pre-maturely in less than 1 year.
• For rates above

1 crore, please contact the nearest IDBI Bank branch or mail us at nri@idbi.co.in

Interest Rate on NRE savings deposit
The interest rate on NRE savings deposit will be 4.00% p.a.

RFC deposit rates w.e.f February 1, 2012

Maturity Slab	USD	GBP	EURO	JPY
Less than 29 days	1.48	1.90	1.66	0.12
30 days - 90 days	1.51	2.02	1.90	0.14
91 days - 6months	1.79	2.33	2.31	0.20
181 days - 1year	2.03	2.64	2.63	0.34
1year 1 day - 2years	2.35	3.14	2.98	0.55
2years 1 day - < 3years	1.78	2.49	2.42	0.37
3years only	1.87	2.51	2.50	0.38

RFC Savings Account (Effective from July 14, 2011 )

CURRENCY	INTEREST RATE
USD	0.50%
GBP	3.00%
EUR	1.00%

FCNR (B) deposit rates w.e.f. February 1, 2012.

Maturity Slab	USD	GBP	EUR	AUD	CAD
1 Year - less than 2 Years	2.35	3.14	2.98	6.13	3.12
2 Years - less than 3 Years	1.78	2.49	2.42	5.09	2.44
3yrs to less than 4yrs	1.87	2.51	2.50	5.13	2.50
4yrs to less than 5yrs	2.06	2.63	2.66	5.37	2.61
5yrs only	2.30	2.75	2.85	5.50	2.75

Recurring Deposits: effective from August 1, 2011.

Senior Citizens are not given the facility of additional interest rate on investment made in NRO Recurring Deposits.

Maturity Slab	Interest Rate (% p.a.)
1 year	9.25%
> 1 year – 7 yrs	9.50%
7 yrs – 10 yrs	9.50%

(The other terms and conditions will remain unchanged.)

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Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposit remained with the Bank (rate applicable for that tenure on the original date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.

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. There is no penalty on pre mature closure of deposits.






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