IDBI Bank New FD Interest Rate – IDBI बँकेने एफडीवरील व्याज घटवले, नवीन दर तपासा
IDBI Bank New FD Interest Rate
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IDBI Bank New FD Interest Rate
IDBI Bank New FD Interest Rate: आरबीआयच्या आदेशानुसार, बचत बँकेचे व्याज तुमच्या खात्यात ठेवलेल्या दैनंदिन शिल्लक रकमेवर, बँकेने वेळोवेळी ठरवलेल्या व्याज दरावर मोजले जाईल.
अनेक बँकांनी त्यांचे मुदत ठेव (FD) व्याज दर एप्रिल 2024 मध्ये अद्यतनित केले आहेत, जे ठेव योजनेवर अवलंबून वेगवेगळे दर देतात. ही पुनरावृत्ती बँकांच्या त्यांच्या ठेवींच्या व्याजदरांच्या नियमित अद्यतनांचा भाग आहेत. हे समजून घेणे महत्त्वाचे आहे की विद्यमान ठेवी त्यांचे मान्य केलेले व्याजदर कायम ठेवतील, तर नवीन ठेवी आणि नूतनीकरण सुधारित दरांच्या अधीन असतील.
IDBI बँक मुदत ठेव दर
आयडीबीआय बँकेने 2 कोटी रुपयांपेक्षा कमी रकमेच्या मुदत ठेवींवरील व्याजदर सुधारित केले. सात दिवस ते दहा वर्षात परिपक्व होणाऱ्या FD वर, बँक नियमित ग्राहकांना 3% ते 7% आणि 2 कोटी रुपयांपेक्षा कमी रकमेसाठी ज्येष्ठ नागरिकांना 3.5% ते 7.5% व्याजदर प्रदान करते.ज्येष्ठ नागरिकांसाठी ते 7.55% देते. बँक नियमित, NRE आणि NRO ग्राहकांना 300 दिवसांच्या उत्सव FD अंतर्गत 7.05% व्याज दर देते.
IDBI Savings Bank Rate (w.e.f. April 01 ,2024)
| Saving Balance | Rate of Interest (% p.a.) |
|---|---|
| Up-to Rs.1Lakh | 2.75 |
| Above Rs.1lakh to Rs.5 crore | 3.00 |
| Above Rs. 5 Cr to 100 Cr | 3.25 |
| Above Rs.100 Cr to Rs.1000Cr | 3.50 |
| Above Rs.1000 Cr to Rs.1500Cr | MIBOR +10bps |
| Above Rs.1500Cr to Rs.2000Cr | MIBOR +40bps |
| Above Rs.2000Cr | MIBOR +75bps |
Note:
- MIBOR linked floating Saving Bank Rate (w.e.f December 04, 2023)
- MIBOR Linked floating interest rate will be applicable on entire balance (all rates applicable on the end of the day balance) if the balance exceeds Rs 1000 cr. based on the slab as above.
- For more details on the MIBOR Linked Floating Interest rate, please contact your Relationship Manager or visit your nearest IDBI Bank Branch.
- With effect from February 1,2021, Interest Rate on Savings Deposits is calculated on the basis of incremental balance slabs.
| Base Rate (w.e.f. April 12,2019) | 9.65% |
| Current BPLR (w.e.f. April 12,2019) | 14.15% |
Marginal Cost of Fund Based Lending Rate ( MCLR ) w.e.f. 12-04-2024
| Tenor | MCLR |
|---|---|
| Overnight MCLR | 8.35% |
| One Month MCLR (1M) | 8.50% |
| Three Month MCLR (Q) | 8.80% |
| Six Month MCLR (HY) | 9.00% |
| One year MCLR (Y) | 9.05% |
| Two Year MCLR (2Y) | 9.60% |
| Three Year MCLR (3Y) | 10.00% |
IDBI Fixed Deposits Interest Rate
The Bank pays interest on deposits as per various deposit schemes. Interest Rates are revised from time to time and made known to public. Revised interest rates are applicable only to the renewals and fresh deposits while existing deposit continue to get interest at the contracted rate
IDBI Interest Rate on Term Deposits (w.e.f. April 15, 2024)
Following are the rates on Resident / NRO Term Deposit less than Rs. 2 Crore #.
For interest rate on NRE Term Deposit click here.
| Interest Rate (% p.a.) | ||
|---|---|---|
| Retail Term Deposits (< 2 Cr) | ||
| Maturity Slab | General Customers | Sr. Citizen |
| 0-6 Days | NA | NA |
| 07-30 days | 3.00 | 3.50 |
| 31-45 days | 3.25 | 3.75 |
| 46- 60 days | 4.25 | 4.75 |
| 61- 90 days | 4.50 | 5.00 |
| 91 days to 6 months | 5.25 | 5.75 |
| 6 months 1 day to 270 Days | 5.75 | 6.25 |
| 271 days to < 1 year (except 300 Days) |
6.25 | 6.75 |
| 1 Year to 2 Years (except 375 Days and 444 Days) |
6.80 | 7.30 |
| > 2 Years to <3years | 7.00 | 7.50 |
| 3 years to 5 years | 6.50 | 7.00 |
| >5 years to 10 years | 6.25 | 6.75 |
| >10 years to 20 years$ | 4.80 | 5.30 |
| Tax Saving FD | ||
| 5 years | 6.50 | 7.00 |
$ Maturity bucket is eligible only for deposits from following beneficiaries (with effect from January 1st, 2021).
1) Awards from Motor Accident Tribunal / Courts / Other Judicial/ Statutory Bodies, 2) Specific Cases of margin money for Bank Guarantees
General Terms & Conditions:
- Tenure for NRO Term Deposit is 07 days to 10 years.
- Tenure for NRE Term Deposit is 1 year to 10 years.
- Staff & Sr. Citizen rates are not applicable to NRO & NRE Term Deposits.
- No interest is paid if the deposit is held for the tenure of below 7 days, the minimum period for Term Deposits as per RBI guidelines.
- Interest payable on prematurely withdrawn deposits will be the rate applicable for the amount and the period for which the deposit remained with the Bank (rate applicable for that tenure on the original date of the deposit). To illustrate as an example, if a deposit is placed for 5 years and after 1 year the depositor wants to close the deposit prematurely, then the interest rate applied will be the rate which was applicable for one year on the original date of deposit.
- Bank will levy a penalty of 1%, on the applicable rate for deposits closed prematurely. Such closures include the withdrawals through sweep-ins and partial withdrawals as well.
Utsav Callable FD (Revised Rates w.e.f. April 15, 2024)
Validity Extended up to June 30, 2024
The interest rate structure is as under:
| Interest Rate (% p.a.) | ||||
|---|---|---|---|---|
| Special Buckets | General/NRE/NRO | Senior Citizens | ||
| Existing | Revised | Existing | Revised | |
| 300 Days | 7.05 | 7.05 | 7.55 | 7.55 |
| 375 Days | 7.10 | 7.10 | 7.60 | 7.60 |
| 444 Days | 7.25 | 7.20 | 7.75 | 7.70 |
General Terms and Conditions-
- 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 Special Non-Callable Retail Term Deposits (w.e.f. April 15, 2024)
The interest rate structure of special Non-Callable variants:
| Interest Rate (% p.a.) | ||||
|---|---|---|---|---|
| Special Buckets | General/NRE/NRO | Senior Citizens | ||
| Existing | Revised | Existing | Revised | |
| 91 days – 6 months | 5.35 | 5.35 | 5.85 | 5.85 |
| 6 month 1 days to 270 days | 5.85 | 5.85 | 6.35 | 6.35 |
| 271 days < 1 Year | 6.35 | 6.35 | 6.85 | 6.85 |
| 1 Year | 7.15 | 7.15 | 7.65 | 7.65 |
| >1 Year to 2 Years (excluding 444 days) |
6.95 | 6.95 | 7.45 | 7.45 |
| 444 Days | 7.30 | 7.25 | 7.80 | 7.75 |
| >2 Years to <3 Years | 7.10 | 7.10 | 7.60 | 7.60 |
| 3 Years to 5 Years | 6.60 | 6.60 | 7.10 | 7.10 |
| >5 Years to 7 Years | 6.35 | 6.35 | 6.85 | 6.85 |
Terms and Conditions for non-callable FD-
- For Non-Callable Deposits- “Pre-mature withdrawal / Closure not permitted”.
- Tenure for NRE Term Deposit is 1 Year to 7 Years for above scheme.
- Minimum Deposit amount Rs 1,00,00,001 (above Rs One Crore) and maximum amount is less than Rs 2 Crore.
- The premature withdrawal may be permitted in exceptional circumstance such as in the event of any direction from any judiciary /statutory and / or regulatory authorities or in case of deceased claim settlement.
- 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 Bulk Term Deposits
| Card rates for Non-Callable Bulk Term Deposits (BTD): [w.e.f. 10/04/2024] | |||||||
|---|---|---|---|---|---|---|---|
| Maturity Slabs | 2 cr. to Rs.5 |
>5 Cr. to Rs.10 cr. |
>Rs 10 cr to Rs 50 cr |
>Rs 50 cr to Rs 100 cr |
>Rs 100 cr to Rs 200 cr |
>Rs 200 cr to Rs 500 cr. |
>Rs 500 cr |
| 91 – 180 days | 6.51% | 6.81% | 7.31% | 7.31% | 7.31% | 7.31% | 7.31% |
| 91 – 180 days | 6.51% | 6.81% | 7.31% | 7.31% | 7.31% | 7.31% | 7.31% |
| 181 – 250 days | 6.61% | 7.01% | 7.41% | 7.41% | 7.41% | 7.41% | 7.41% |
| 251 days – 270 days | 6.76% | 7.06% | 7.41% | 7.41% | 7.41% | 7.41% | 7.41% |
| 271 days to < 1 year | 7.26% | 7.26% | 7.41% | 7.41% | 7.41% | 7.41% | 7.41% |
| 1 year | 7.36% | 7.36% | 7.51% | 7.51% | 7.51% | 7.51% | 7.51% |
| >1 year -1 year 3 mnth | 7.41% | 7.41% | 7.51% | 7.51% | 7.51% | 7.51% | 7.51% |
| >1 yr 3 mnth – 2 year | 7.01% | 7.11% | 7.21% | 7.21% | 7.21% | 7.21% | 7.21% |
Additional Terms and Conditions for Non- Callable bulk deposit schem
-
- Branches are advice to affix stamp on physical Confirmation of Deposit (CoD) clearly indicating the following
“This is a Non-Callable deposit wherein Pre-mature/ partial withdrawal is not permitted”
- Sweep-in / Sweep-out facility is not permitted.
- Auto renewal not allowed.
- Pre- Mature closure / partial withdrawal are not permitted.
| Card rates for Notice Bulk Term Deposits (BTD): [w.e.f. 10/04/2024] | |||||||
|---|---|---|---|---|---|---|---|
| Maturity Slabs | 2 cr. to Rs.5 |
>5 Cr. to Rs.10 cr. |
>Rs 10 cr to Rs 50 cr |
>Rs 50 cr to Rs 100 cr |
>Rs 100 cr to Rs 200 cr |
>Rs 200 cr to Rs 500 cr. |
>Rs 500 cr |
| 91 – 180 days | 6.46% | 6.61% | 7.26% | 7.26% | 7.26% | 7.26% | 7.26% |
| 181 – 250 days | 6.56% | 6.91% | 7.31% | 7.31% | 7.31% | 7.31% | 7.31% |
| 251 days – 270 days | 6.71% | 6.96% | 7.31% | 7.31% | 7.31% | 7.31% | 7.31% |
| 271 days to < 1 year | 7.21% | 7.21% | 7.31% | 7.31% | 7.31% | 7.31% | 7.31% |
| 1 year | 7.31% | 7.31% | 7.41% | 7.41% | 7.41% | 7.41% | 7.41% |
| >1 year -1 year 3 mnth | 7.36% | 7.36% | 7.41% | 7.41% | 7.41% | 7.41% | 7.41% |
| >1 yr 3 mnth – 2 year | 6.96% | 7.01% | 7.11% | 7.11% | 7.11% | 7.11% | 7.11% |
Additional terms and conditions for Notice Bulk Term Deposits scheme:-
- Branches are advice to affix stamp on physical confirmation of Deposit (CoD) clearly indicating the following“This is a Notice Bulk deposit wherein pre-mature closure is not permitted, except if 31 days’ notice submitted in advance”
- Pre- Mature closure not allowed, except if 31 days’ notice submitted in advance.
- Other condition remains the same as Non -Callable Bulk Term deposits
| Card rates for Callable Bulk Term Deposits (BTD): (% p.a.) [w.e.f. 10/04/2024] | |||||||
|---|---|---|---|---|---|---|---|
| Maturity Slabs | Rs 2 cr to Rs. 5 cr |
>Rs 5 cr to Rs 10 cr |
>Rs 10 cr to Rs 50 cr |
>Rs 50 cr to Rs 100 cr |
>Rs 100 cr to Rs 200 cr |
>Rs 200 cr to Rs 500 cr |
>Rs 500 cr |
| 7 – 14 days | 5.26% | 5.76% | 5.86% | 5.86% | 5.86% | 5.86% | 5.86% |
| 15 – 30 days | 5.26% | 5.76% | 6.01% | 6.01% | 6.01% | 6.01% | 6.01% |
| 31– 45 days | 6.01% | 6.01% | 6.21% | 6.21% | 6.21% | 6.21% | 6.21% |
| 46 – 90 days | 6.36% | 6.51% | 6.51% | 6.51% | 6.51% | 6.51% | 6.51% |
| 91 – 180 days | 6.36% | 6.51% | 7.01% | 7.01% | 7.01% | 7.01% | 7.01% |
| 181 – 250 days | 6.46% | 6.81% | 7.21% | 7.21% | 7.21% | 7.21% | 7.21% |
| 251 days – 270 days | 6.61% | 6.86% | 7.21% | 7.21% | 7.21% | 7.21% | 7.21% |
| 271 days to < 1 year | 7.11% | 7.11% | 7.21% | 7.21% | 7.21% | 7.21% | 7.21% |
| 1 year | 7.21% | 7.21% | 7.31% | 7.31% | 7.31% | 7.31% | 7.31% |
| >1 year -1 year 3 mnth | 7.26% | 7.26% | 7.31% | 7.31% | 7.31% | 7.31% | 7.31% |
| >1 yr 3 mnth – 2 year | 6.86% | 6.91% | 7.01% | 7.01% | 7.01% | 7.01% | 7.01% |
| >2 yr- 36 mnth | 6.61% | 6.91% | 7.01% | 7.01% | 7.01% | 7.01% | 7.01% |
| >36 mnth- 5 year | 6.51% | 6.76% | 6.76% | 6.76% | 6.76% | 6.76% | 6.76% |
| >5 year- 7 year | 6.51% | 6.66% | 6.66% | 6.66% | 6.66% | 6.66% | 6.66% |
| >7 year- 10 year | 6.51% | 6.56% | 6.56% | 6.56% | 6.56% | 6.56% | 6.56% |
- Branches may take card rates for amount Rs.2 cr.to Rs.5cr.
- Treasury consents for rates amount above Rs.5cr.
- Branches should necessarily seek consent from Treasury ([email protected]) before submitting to clients. RPU/CPU teams to open such accounts only after verifying the rate approval from Treasury Front Office.
- Acceptance of deposits of Rs.5 crore and above is at the discretion of Bank.
- The rates are subject to revision from time to time.
- Customers may contact the nearest branch for details/rate of interest, terms & conditions.
| RBI Repo link Bulk Term Deposits (BTD) | |||
|---|---|---|---|
| Maturity Buckets | Applicable mark-up over and above the RBI Policy Repo rate w.e.f. 14-03-2024 | Effective rate considering RBI Repo @ 6.50% w.e.f. 14-03-2024 | Corresponding revised regular Bulk FD rate |
| Current | % | ||
| 1 year | 20bps | 6.70 | 6.86 |
| 2 year | 20 bps | 6.70 | 6.86 |
| 3 Year | 5 bps | 6.55 | 6.61 |
| MIBOR link Bulk Term Deposits (BTD) | |
|---|---|
| Maturity (Buckets) | Applicable mark-up over and above the Daily MIBOR rate (Above Rs.5 crore)w.e.f. 14-03-2024 |
| Current | |
| 7-30 days | -175 bps |
| 31-45 days | -160 bps |
| 46-90 days | -65 bps |
IDBI Floating Rate Term Deposit
| ANCHOR Rate Details (%) | |||
|---|---|---|---|
| Applicable to FRTDs opened- | up to Oct 30, 2018 | from Nov 1, 2018 | |
| Treasury Bill Auction undertaken by RBI during Quarter | Average of Weighted Avg. Yield of | Anchor Rate applicable for Quarter | |
| 364 -Days Treasury Bill | 91-Days Treasury Bill | ||
| Jul 01-Sept 30, 2022 | 6.34 | 5.60 | Oct 01 – Dec 31, 2022 |
| Oct 01-Dec 31, 2022 | 6.91 | 6.38 | Jan 01-Mar31,2023 |
| Jan 01-Mar31,2023 | 7.14 | 6.66 | Apr 01- June 30, 2023 |
| Apr 01- June 30, 2023 | 6.96 | 6.81 | Jul 01- Sept 30, 2023 |
| Jul 01- Sept 30, 2023 | 6.99 | 6.79 | Oct 01- Dec 31, 2023 |
| Oct 01- Dec 30, 2023 | 7.15 | 6.93 | Jan 01 – Mar 31, 2024 |
| Between Jan 01- Mar 31, 2024 | 7.12 | 6.97 | From Apr 01 – Jun 30, 2024 |
Anchor Rates are Average of Weighted Avg. Yield of Auction of 91 Days and 364 days TB undertaken by RBI during the calendar quarter
A) Applicable for New & Renewal of Existing FRTD accounts opened after Nov 01,2018
Rates revised for period Apr 01, 2024 – Jun 30, 2024 ( 91 -T Bill)
| Tenor | Anchor Rate | Mark -up on average rate | Effective rate for FRTD | Senior Citizen |
|---|---|---|---|---|
| (Years) | (%) | (%) | (%) | (%) |
| 1 | 6.97 | 0.50 | 7.47 | 7.97 |
| 2 | 6.97 | 0.50 | 7.47 | 7.97 |
| 3 | 6.97 | 0.50 | 7.47 | 7.97 |
| 5 | 6.97 | 0.40 | 7.37 | 7.87 |
| 7 | 6.97 | 0.20 | 7.17 | 7.67 |
| 10 | 6.97 | 0.20 | 7.17 | 7.67 |
| >10 – 20 $ | 6.97 | 0.10 | 7.07 | 7.57 |
B) Applicable for Existing FRTD accounts opened during August 01, 2014 to Oct 31,2018
Rates revised for period Apr 01, 2024 – Jun 30, 2024 ( 364 -T Bill)
| Tenor | Anchor Rate | Mark -up on average rate | Effective rate for FRTD | Senior Citizen |
|---|---|---|---|---|
| (Years) | (%) | (%) | (%) | (%) |
| 1 | 7.12 | 1.00 | 8.12 | 8.62 |
| 2 | 7.12 | 0.75 | 7.87 | 8.37 |
| 3 | 7.12 | 0.75 | 7.87 | 8.37 |
| 5 | 7.12 | 0.75 | 7.87 | 8.37 |
| 7 | 7.12 | 0.75 | 7.87 | 8.37 |
| 10 | 7.12 | 1.00 | 8.12 | 8.62 |
| >10 – 20 | 7.12 | 0.65 | 7.77 | 8.27 |
C) Applicable for Existing FRTD accounts opened prior to August 01, 2014
Rates revised for period Apr 01, 2024 – Jun 30, 2024 ( 364 -T Bill)
| Tenor | Anchor Rate | Mark -up on average rate | Effective rate for FRTD | Senior Citizen |
|---|---|---|---|---|
| (Years) | (%) | (%) | (%) | (%) |
| 1 | 7.12 | 1.00 | 8.12 | 8.62 |
| 2 | 7.12 | 1.10 | 8.22 | 8.72 |
| 3 | 7.12 | 1.25 | 8.37 | 8.87 |
| 5 | 7.12 | 1.25 | 8.37 | 8.87 |
| 7 | 7.12 | 1.35 | 8.47 | 8.97 |
| 10 | 7.12 | 1.40 | 8.52 | 9.02 |
Terms & Conditions
- Interest Payment – The interest on the deposit is payable quarterly on the last day of each quarter.
- Interest Reset – Every 3 months, coinciding with calendar quarters – on April 1, July 1, October 1 and January 1 every year.
- Minor’s account – A minor alone cannot open an FRTD as the maturity amount cannot be determined at the time of opening the FRTD. Minor’s account to be can opened jointly with his/her guardian only.
- Tax deduction at source – TDS applicable as per prevalent rules & regulations.
- Premature Withdrawal –
- a) Minimum Lock-in period: one year; No premature withdrawal up to one year.
- b) After one year, the rate applicable, in the event of premature withdrawal, would be the average benchmark rate of the immediate preceding quarter with the mark up of applicable preceding tenor less 1% penalty e.g. If the depositor books deposit for 2 years and requests for a pre closure after 1year and 110 days the applicable rate would be the average benchmark of the preceding quarter of the last quarter the deposit had remained with the Bank (as applicable for the relevant quarter) plus the mark up of 1 year.
- c) The calculation of interest shall be as per extant guidelines for term deposit carrying fixed rate.
- Senior Citizen – Senior Citizens will be paid interest at 50 basis point higher that applicable FRTD rate.
Disclaimer – The mark-up would be revised at the Bank’s discretion. The revised mark-up would be applicable only for fresh and renewal of existing deposits.