IDBI Bank is offering its customers with fixed deposit schemes of flexible tenures and attractive returns. At loanbaba.com, we will share updated information about best fixed deposit rates, FD India schemes of the bank and IDBI Bank FD rates over all tenures for fixed deposit and term deposit. You will also come to know about popular FD rates, India by the bank for 2017 and FD interest rates that are the highest.
The IDBI Bank Short term fixed deposit accounts of the tenures ranging between 15 days to one month will avail the return of 4.75% per annum. It is further increased by 0.75% and 2.50% for the holding period of 31-45 days and two months to three months respectively. Moreover, for the holding period of 2-3 months, the returns can be pegged at 6.50% per annum and 7% per annum for the tenure of 3-6 moths.
Moreover, for the holding period of 181-270 days, the interest rate is calculated at 7.25% per annum which remains same for the tenures above 271 days and below one year.
The mid-term fixed deposit rates offered by IDBI Bank starts from the tenure ranging from one year but less than two and avail the return of 7.50% per annum. For the long term, fixed deposit of tenure ranging from two years and less than three can avail the return of 7.50% per annum. Moreover, the rate of interest remains the same for the holding period ranging between three years and five years, that is; 7.50% per annum.
This scheme offered by IDBI Bank is only applicable for the customers who are above 60 years of age. From the above-mentioned rates, the senior citizens can avail slightly better, and for their fixed deposit account for the holding period ranging between 15-45 days, the rate of interest calculated is 4.75% on a yearly basis. Moreover, the fixed deposit accounts for holding period of 31-45 days can avail the return of 5.50% per annum.
When the holding period is increased to 46 days and two months, there is a sudden rise in the interest rate by 0.75% to 6.25% per annum. However, it is further increased by 0.25% to 6.50% per annum for the holding period between two and three months. On the other hand, the interest rate of 7.25% per annum can be availed for the tenure ranging between 181- 365 days. It eventually jumps to 8% per annum when the tenure ranges between one and two years, and it remains the same for the tenure of 2-3 years but gets dipped by 0.10% to 7.90% per annum for the tenure of 3-5 years.