Discover the fixed deposit interest rates offered by IDBI Bank for 2026, along with details on various schemes, tax benefits, and a comparison with other banks.
Fixed Deposit Interest Rates 2026 of IDBI Bank
Different Types of IDBI Bank FD Schemes
Term-wise IDBI Bank FD Rates
IDBI Bank FD Special Features and Benefits
Basic Eligibility Criteria for IDBI Bank FD
Documents Required to Open IDBI Bank FD
IDBI vs Other Banks' FD Rates
Tax Benefits on IDBI Bank Fixed Deposit
FD Interest Rate Calculator
FAQs on IDBI Bank FD Rates
General Public Rates
Interest rates applicable to the general public for various tenures.
Short-term deposits (7 days to 1 year): 3.00% - 6.80%
Medium-term deposits (1 year to 5 years): 6.80% - 6.25%
Long-term deposits (5 years to 20 years): 6.25% - 4.80%
Senior Citizens Rates
Additional interest rates offered to senior citizens.
Short-term deposits (7 days to 1 year): 3.50% - 7.30%
Medium-term deposits (1 year to 5 years): 7.30% - 6.75%
Long-term deposits (5 years to 20 years): 6.75% - 5.30%
Suvidha Fixed Deposit
A regular FD scheme with attractive interest rates and liquidity.
Minimum deposit amount: ₹10,000
Tenure range: 7 days to 20 years
Offers both fixed and floating interest rates
Systematic Savings Plan-Plus (SSP+)
A systematic savings plan for future goals.
Monthly deposit: ₹500 to less than ₹2 crore
Tenure range: 1 year to 10 years
Automatic deduction from savings account
Floating Rate Term Deposit (FRTD)
Interest rates vary with a reference rate, suitable for risk-tolerant investors.
Interest aligned with Treasury Bill rates
Interest rate reset periodically
No need to close and reopen deposits for rate changes
Short-Term Deposits
Rates for deposits with a tenure of 7 days to 1 year.
General Citizens: 3.00% - 6.80%
Senior Citizens: 3.50% - 7.30%
Ideal for short-term savings goals
Medium-Term Deposits
Rates for deposits with a tenure of 1 year to 5 years.
General Citizens: 6.80% - 6.25%
Senior Citizens: 7.30% - 6.75%
Suitable for medium-term financial planning
Long-Term Deposits
Rates for deposits with a tenure of 5 years to 20 years.
General Citizens: 6.25% - 4.80%
Senior Citizens: 6.75% - 5.30%
Best for long-term wealth accumulation
Flexible Tenure Options
Choose from a wide range of deposit tenures.
Minimum tenure: 7 days
Maximum tenure: 20 years
Customizable to meet individual needs
Interest Payout Options
Various interest payout options available.
Monthly, quarterly, and annual payouts
Reinvestment option for compounded growth
Auto-renewal facility for convenience
Additional Benefits for Senior Citizens
Exclusive benefits for senior citizens.
Additional 0.50% interest rate
Flexible withdrawal options
Nomination facility available
Resident Individuals
Eligibility criteria for individual account holders.
Must be an Indian resident
Minimum age: 18 years
Valid identity and address proof required
Joint Accounts
Eligibility for joint account holders.
Two or more individuals can open jointly
All account holders must meet individual criteria
Joint account mandates required
Minors with Guardians
Eligibility for minors under guardianship.
Account opened by guardian on behalf of minor
Guardian must meet eligibility criteria
Birth certificate of minor required
Proof of Identity
Documents accepted as identity proof.
Passport
PAN card
Aadhaar card
Proof of Address
Documents accepted as address proof.
Aadhaar card
Passport
Utility bill not older than 3 months
Proof of Date of Birth
Documents accepted for date of birth verification.
Birth certificate
PAN card
Service discharge certificate
Comparison with HDFC Bank
Interest rates comparison between IDBI and HDFC Bank.
HDFC Bank rates: 3.00% - 7.35%
IDBI Bank rates: 3.00% - 6.80%
HDFC offers slightly higher rates for senior citizens
Comparison with Punjab National Bank
Interest rates comparison between IDBI and PNB.
PNB rates: 4.55% - 7.30%
IDBI Bank rates: 3.00% - 6.80%
PNB offers competitive rates for medium-term deposits
Comparison with Axis Bank
Interest rates comparison between IDBI and Axis Bank.
Axis Bank rates: 3.00% - 7.25%
IDBI Bank rates: 3.00% - 6.80%
Axis Bank offers higher rates for long-term deposits
Tax Deduction under Section 80C
Tax benefits available for 5-year tax-saving FDs.
Deduction up to ₹1.5 lakh under Section 80C
Applicable only for 5-year tax-saving FDs
Interest earned is taxable
Tax Deducted at Source (TDS)
TDS implications on FD interest.
TDS applicable if interest exceeds ₹40,000
For senior citizens, threshold is ₹50,000
Form 15G/15H can be submitted to avoid TDS
Interest Taxability
Tax treatment of interest earned on FDs.
Interest is taxable under 'Income from Other Sources'
Added to total income and taxed as per slab rates
Form 16A issued for TDS deduction
Purpose of the Calculator
Understand how the FD interest rate calculator works.
Calculates maturity amount based on principal, rate, and tenure
Helps in comparing different FD schemes
Provides estimated returns for better financial planning
Inputs Required
Details needed to use the calculator effectively.
Principal amount
Interest rate
Deposit tenure
Output Provided
Information provided by the calculator.
Total maturity amount
Total interest earned
Breakdown of interest for different compounding frequencies
What is the minimum deposit amount for IDBI Bank FDs?
The minimum deposit amount for IDBI Bank Fixed Deposits is ₹10,000. This applies to most of their regular FD schemes.
Are there any special rates for senior citizens?
Yes, senior citizens receive an additional 0.50% interest rate over the standard rates for all deposit tenures.
Can I withdraw my FD prematurely?
Yes, IDBI Bank allows premature withdrawal of FDs, but it may incur a penalty. The penalty is usually a reduction in the interest rate.
How is the interest on IDBI Bank FDs taxed?
Interest earned on IDBI Bank FDs is taxable under 'Income from Other Sources' and is subject to TDS if it exceeds ₹40,000 (₹50,000 for senior citizens).
What documents are required to open an FD account?
To open an FD account, you need proof of identity (like PAN card), proof of address (like Aadhaar card), and proof of date of birth (like birth certificate).
How does the floating rate term deposit work?
The Floating Rate Term Deposit (FRTD) offers a variable interest rate that is linked to a reference rate, such as the Treasury Bill rate, which is reset periodically.
What is the maximum tenure for IDBI Bank FDs?
The maximum tenure for IDBI Bank Fixed Deposits is 20 years, allowing for long-term savings and investment planning.
Can I avail a loan against my IDBI Bank FD?
Yes, IDBI Bank provides an overdraft facility against FDs, allowing you to borrow up to a certain percentage of the deposit amount.
What is the process to avoid TDS on FD interest?
To avoid TDS on FD interest, you can submit Form 15G (for non-senior citizens) or Form 15H (for senior citizens) if your total income is below the taxable limit.