Is money in IDBI bank safe?



I have some hard earned savings I would like to get them into Fixed Deposit. I know that doing it in PostOffice is safe as it is a part of the government. But the interest there is Low.
I would like to know the situation with IDBI bank. I would like to know
Is it a private bank?
Is the money deposited there is safe?
Are your savings guaranteed safe by the government (as in the PostOffice)?

One Reply to “Is money in IDBI bank safe?”

  1. IDBI Bank is owned by the Indian Government, though for a brief period it was a private scheduled bank. It is one of India’s leading public sector banks and 4th largest bank in overall ratings.





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