IDBI Bank Interest Rates | Apr 2013, 9.0 out of 10 based on 1 rating
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As per RBI mandate, Savings Bank interest will be calculated on the daily balances maintained in your account, at a rate of interest as specified by RBI from time to time (existing rate is 4.00% p.a.).
Savings Bank Rate (w.e.f. May 03, 2011) 4.00 % p.a.
Base Rate (w.e.f February 01, 2013) 10.25 %
All the loans are linked to Base Rate of the Bank
Current BPLR (w.e.f February 01, 2013) 14.75 %
Fixed Deposits Interest Rate
IDBI Bank revises fixed deposit rates at an attractive interest rate of 9.00 % p.a. for 500 days for normal deposits and 9.75 % p.a. for senior citizens w.e.f February 01, 2013The 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
Interest Rate on Term Deposits
Resident Term Deposit / NRO
Tenor IDBI Bank – Interest Rate (%)
  Upto Rs. 15 lakh
(w.e.f. February 01, 2013)
Above Rs. 15 lakh less than Rs. 1 Cr.
(w.e.f. February 01, 2013)
15 – 45 days 6.00 6.00
46 – 90 days 7.00 7.00
91 days – < 6 months 7.75 7.75
6 months – 269 days 8.65 8.65
270 days – 1 year 8.75 8.75
1 year 1 day – 499 days 8.75 8.75
500 days 9.00 9.00
> 500 days – 5 yrs 9.00 9.00
>5 yrs – 7 yrs 8.75 8.75
>7 yrs – 10 yrs 8.50 8.50
>10 yrs up to 20 yrs * 8.50 8.50
Senior Citizens Deposits **(Only for resident)
  IDBI Bank – Interest Rate (%)
Tenor  Upto Rs. 15 lakh
(w.e.f. February 01, 2013)
Above Rs. 15 lakh less than Rs. 1 Cr.
(w.e.f. February 01, 2013)
46 – 90 days 7.50 7.50
91 days – < 6 months 8.25 8.25
6 months – 269 days 9.15 9.15
270 days – 1 year 9.25 9.25
1 year 1 day – 499 days 9.50 9.50
@ 500 days 9.75 9.75
> 500 days – 5 yrs 9.75 9.75
>5 yrs – 7 yrs 9.50 9.50
>7 yrs – 10 yrs 9.25 9.25
>10 yrs up to 20 yrs * 9.25 9.25
@ Specific Codes for 500 days to be used for opening these accounts.
*

  1. i. Retail deposits on regular payment of interest basis (i.e. non-cumulative basis) may be accepted by the branches.
  2. ii. Acceptance of deposits for any period over 10 years under Specified Government Schemes with interest cumulative on quarterly basis (cumulative basis) would require prior approval (PBG Corporate Centre).
  3. iii. Retail Deposits under Floating Rate of Interest Term Deposit (FRTD) Scheme for maturity bucket above 10 years to 20 years (non-cumulative) may also be accepted.

** The above Senior Citizen Interest rates is 0.50% higher rate of interest (on deposits upto 1 year) and 0.75% higher rate of interest (on deposits above 1 year) over the Retail Term Deposit rates.

Floating Rate Term Deposit
ANCHOR RATE DETAILS
Average of Weighted Avg. Yield of 364 days Treasury Bill Auction undertaken by RBI for Quarter Anchor Rate (%) Anchor Rate for Quarter
Between April 1 – June 30, 2012

8.19

July 1 – September 30, 2012
Between July 1 – September 30, 2012

8.04

Between October 1 – December 31, 2012
Between October 1 – December 31, 2012

8.05

Between January 1 – March 31, 2013
Between January 1 – March 31,2013

7.86

Between  April 1 – June 30, 2013
RATE APPLICABLE FROM JANUARY 1, 2013  TO MARCH 31, 2013
Tenor Anchor Rate Mark – up on the average rate Effective rate
for FRTD rate
Senior
Citizen
(Years) (%) (%) (%) (%)
1 7.86 1.00 8.86 9.36
2 7.86 1.10 8.96 9.46
3 7.86 1.25 9.11 9.61
5 7.86 1.25 9.11 9.61
7 7.86 1.35 9.21 9.71
10 7.86 1.40 9.26 9.76
>10 – 20 7.86 1.40 9.26 9.76
Suvidha Tax Saving Fixed Deposits (5 YEARS)
w.e.f. November 01, 2012
Normal Retail Rate 9.00
Senior Citizens 9.75
Recurring Deposits (February 01, 2013)
Interest Rate (% p.a.)
Tenure Normal Senior Citizen
1 Yr – 15 months 8.75 9.25
>15 months – 5 yrs 9.00 9.50
>5 yrs – 7 yrs 8.75 9.25
>7 yrs – 10 yrs 8.50 9.00
*In case of premature closure of Recurring Deposit, the additional 50bps to senior citizen shall be made available provided the Recurring Deposit has been with the bank for complete 12 months from the date of the 1st installment.
The retired staff members of our Bank, fulfilling the prescribed criteria of Senior Citizens (as advised by Bank) would also be eligible to get this benefit of 0.50% higher rate of interest (on deposits upto 1 year) and 0.75% higher rate of interest (on deposits above 1 year) in addition to existing benefit of 1% higher (on all maturities) over and above the normal rates as per extant guidelines, on domestic term deposits.
Interest payable on Premature Withdrawal of Term Deposits
No penalty for premature withdrawal on all the above deposits opened / renewed with effect from 1st Jan 2011No premature penalty will be applicable if the existing FD’s of Individuals, HUFs and TASC customers are rebooked with us for an equal or longer maturity period. eg. If a customer had booked an FD in April 14, 2010 for 2 years and he now proposes to preclose and reinvest afresh from January 01, 2011 for 2 years or more. In case the customer prefers to prematurely withdraw the deposit (FD booked before 01st Jan 2011) from the Bank, the existing penalty norms will be applicable.
For FD above Rs. 1 cr, please contact our nearest branch.
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.
Mibor Linked Deposit (Effective from February 3, 2012)
Please contact our nearest branch for rate of interest and terms.
Retail Loans (w.e.f.  February 01, 2013)
Home Loans
Home Loans (Floating)
Loan amount Home loans Home loan Interest Saver
Up to Rs. 25 lacs BR+0% p.a. (10.25%) 10.75% p.a. (Linked to BR)
Above Rs. 25 – Rs. 30 lacs BR+0% p.a. (10.25%) 11.00% p.a. (Linked to BR)
Above Rs. 30 lacs to less than Rs. 75 lacs BR+0% p.a. (10.25%) 11.25% p.a. (Linked to BR)
Rs. 75 Lacs and above BR+0.25% p.a. (10.50%) 11.50% p.a. (Linked to BR)
Home Loans (Fixed)
Options Below Rs. 75 lacs ROI(%) p.a Rs. 75 lacs and above ROI (%) p.a
Fixed for 3 years 11.25%  (Linked to BR) 11.25%  (Linked to BR)
Fixed for 5 years 11.25%  (Linked to BR) 11.25%  (Linked to BR)
Mortgage Loan (Floating)
Options ROI (%) p.a
Loan Against Property 13.00% p.a. (Linked to BR)
Loan Against Property Interest Saver 14.25% p.a. (Linked to BR)
Loan Against Property – Overdraft 13.25%p.a. (Linked to BR)
Loan Against Rent Receivables 13.00% p.a. (Linked to BR)
Loan for commercial property purchase
Loan for commercial property purchase (Floating)
13.00% p.a. (Linked to BR) for loans upto Rs. 1 Cr
13.25% p.a. (Linked to BR) for loans above Rs. 1 Cr
Loan for commercial property purchase (Fixed)
13.75% p.a. (Linked to BR) fixed for Five Years
Reverse Mortgage Loan (Fixed)
Fixed (Re-Phasement after every 5 years) 11.50% (Linked to BR)
Educational Loan
Educational Loan (Floating) (Including vocational and non-vocational courses)
Type ROI (%) p.a
Loan amounts qualifying as Priority Sector Lending (PSL)
Up to Rs. 10 lakhs for studies in India
Up to Rs. 20 lakhs for studies Abroad
11.25% (Linked to BR) (Floating)
Loan amounts not qualifying as Priority Sector Lending 
Above Rs. 10 lakhs for studies in India
Above Rs. 20 lakhs for studies abroad
12.25% (Linked to BR) (Floating)
Educational Loan (Floating)
Education Loans to students studying in Premier Educational Institutions 11.25% (Linked to BR)
Education Loan for ‘other students secured admission under Management Quota’ 13.75 %(Linked to BR)
Auto Loan
Auto Loan (Floating)
MUV Segment ROI(%) p.a
MUV Segment 13.00% p.a. (Linked to BR)
For all other vehicles 12.50% p.a. (Linked to BR)
For cases above 5 years, applicable ROI is 50 bps higher than the applicable rates for upto 5 years loan tenor.
Auto Loans (Fixed rate of interest)
(Existing as well as new SB / CA holder) 
Giving SI Mandate for repayment of loan
(For all other borrowers,  Preferably customer having 6 months relationship, They should open a SB / CA account) 
Not giving SI mandate
Rate of Interest * 11.25% (BR + 1.00%) 11.50% (BR+1.25%)
*Interest rates mentioned above are irrespective of type of vehicle and are applicable for loan tenor up to 5 years. For loan tenor more than 5 years, RoI of 25 bps higher than mentioned above will be applicable.
Personal Loan
Personal Loan (Term Loan Scheme for Salaried Customers)
  Maintaining Salary A/c with IDBI Bank Savings Bank A/c holders not maintaining Salary A/c with IDBI Bank *
Personal Loan (Secured) (Fixed) 14.75% (Linked to BR) 15.75% (Linked to BR)
Personal Loan (Unsecured) (Fixed) 16.75% (Linked to BR) 17.75% (Linked to BR)
* Applicable for preferred customers having saving bank (SB) relationship of at least one year and other Savings Bank A/c holders having relationship of more than 3 years.
Overdraft Scheme for Salary A/c holders with IDBI Bank
Salary Account with in –
built overdraft facility (Floating)
Pensioners of IDBI Bank 11.25% (Linked to BR)
Salaried Individuals 14.25% (Linked to BR)
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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