IDBI Bank Interest Rates for FD, RD, Loans | Nov 2012

 

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 November 01, 2012. 

The Bank pays interest on deposits as per various deposit scheme. 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

 
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 April 20, 2012)10.50% 
All the loans are linked to Base Rate of the Bank
Current BPLR (w.e.f April 20, 2012)15.00%
 
 

Interest Calculator

 

Resident Term Deposit/NRO (w.e.f November 01, 2012)

Tenor

IDBI- Interest Rate (%)

 

Upto Rs.15 lakh

Above Rs.15 lakh upto Rs.1 Cr

15-45 days

6.00

6.00

46-90 days

7.00

7.00

91 days – < 6 months

8.00

8.00

6 months- 269 days

8.90

8.90

270 days- 1 year

8.75

8.75

1 year 1 day-499 days

9.00

9.00

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

 
 
Senior Citizens Deposits (only for resident) w.e.f. November 01, 2012
 
 

Tenor

IDBI- Interest Rate (%)

 

Upto Rs.15 lakh

Above Rs.15 lakh upto
Rs.1 Cr

46-90 days

7.50

7.50

91 days – < 6 months

8.50

8.50

6 months- 269 days

9.40

9.40

270 days- 1 year

9.25

9.25

1 year 1 day-499 days

9.75

9.75

@ 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

@All branches are requested to use the codes specific for 500 days for opening this special bucket account, due to difference in days in each quarter .Codes given below for branch reference.
 
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

 
DERIVATION OF ANCHOR RATE

RATES OF 364 DAYS T BILLS

Date

Cut-off Yield

11-Jul-12

8.06

25-Jul-12

7.97

8-Aug-12

8.06

22-Aug-12

8.11

5-Sep-12

8.08

20-Sep-12

8.06

28-Sep-12

7.95

Avg. Yield

8.04

 

RATE APPLICABLE FROM OCTOBER '12 TO DECEMBER’12

Tenor (Years)

Average rate from Jul'12 to Sept'12 (%)

Mark -up on the avg rate (%)

Effective rate for FRTD rate %

Senior
Citizen (%)

1

8.04

1.00

9.04

9.54

2

8.04

1.10

9.14

9.64

3

8.04

1.25

9.29

9.79

5

8.04

1.25

9.29



9.79

7

8.04

1.35

9.39

9.89

10

8.04

1.40

9.44

9.94

>10 – 20

8.04

1.40

9.44

9.94

Suvidha Tax Saving Fixed Deposits (5 YEARS)
 

 

w.e.f. November 01, 2012

Normal Retail Rate

9.00

Senior Citizens

9.75

 
Recurring Deposits (November 01, 2012)
 
TenureNormal Retail Rate*Senior Citizens

1 Yr

8.75

9.25

>1 Yr – 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. 2011

No 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

Top
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. November 01, 2012)
Home Loans (Floating)
Loan amountHome loansHome loan Interest Saver

Up to Rs 25 lacs

BR+0% p.a.
(10.50%)

11.00% p.a.
(Linked to BR)

Above Rs 25-Rs 30 lacs

BR+0% p.a.
(10.50%)

11.25% p.a. 
(Linked to BR)

Above Rs 30 lacs to less than Rs 75 lacs

BR+0% p.a.
(10.50%)

11.50% p.a.
(Linked to BR)

 Rs 75 Lacs and above

BR+0.25% p.a.
(10.75%)

11.75% p.a.
(Linked to BR)

 
Home Loans (Fixed )
OptionsBelow Rs 75 lacs ROI(%) p.aRs. 75 lacs and above ROI(%) p.a

Fixed for 3 years

11.50% 
(Linked to BR)

11.50% 
(Linked to BR)

Fixed for 5 years

11.50% 
(Linked to BR)

11.50% 
(Linked to BR)

 
Mortgage Loan (Floating)
OptionsROI(%) p.a

Loan Against Property

13.25% p.a.
(Linked to BR)

Loan Against Property Interest Saver

14.50% p.a.
(Linked to BR)

Loan Against Property- Overdraft

13.50%p.a.
(Linked to BR)

Loan Against Rent Receivables

13.25% p.a.
(Linked to BR)

 
Loan for commercial property purchase (Floating)

13.25% p.a. (Linked to BR) for loans upto Rs. 1 Cr

13.50% p.a. (Linked to BR) for loans above Rs. 1 Cr

 

Loan for commercial property purchase (Fixed)

14.00% p.a. (Linked to BR) fixed for Five Years

 
Reverse Mortgage Loan (Fixed)
Fixed (Re-Phasement after every 5 years )11.75% (Linked to BR
 
Educational Loan (Floating)
TypeROI(%) p.a

Up to Rs 4 lakhs

13.50% p.a.
(Linked to BR)

Above  Rs 4 lakh to Rs. 7.5 Lakh

13.25% p.a.
(Linked to BR)

Above  Rs 7.5 lakh to Rs. 20 Lakh

12.50% p.a. 
(Linked to BR)

 

Educational Loan (Floating)

Education Loans to students studying in Premier Educational Institutions

12.00% (Linked to BR)

 
Auto Loan (Floating )
MUV SegmentROI(%) p.a

MUV Segment

13.25% p.a.
(Linked to BR)

For all other vehicles

12.75% 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 Loan (Fixed)
Vehicle SegmentROI(%) p.a
Tenor up to 36 monthsTenor up to 60 months

Segment A: Small/Mid-size/ Utility

12.50%
(Linked to BR)

13.00%
(Linked to BR)

MUVs

13.00%
(Linked to BR)

14.00%
(Linked to BR)

Segment B: Premium

12.50%
(Linked to BR)

13.00%
(Linked to BR)

Segment C: Luxury & SUV

12.50%
(Linked to BR)

12.75%
(Linked to BR)

Segment D: Classic

12.50%
(Linked to BR)

12.75%
(Linked to BR)

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)

15.00%
(Linked to BR)

16.00% 
(Linked to BR)

Personal Loan (Unsecured) (Fixed)

17.00% 
(Linked to BR)

18.00% 
(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

11.50% (Linked to BR)

'A' Rated Companies

14.50% (Linked to BR)

Others

15.75% (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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