|Listed on exchange as||IDBI Bank Ltd.|
|Tenure||Regular customers||Senior citizens|
For an IDBI FD with tenure ranging from 7 days to 12 months, the interest rate offered is from 2.70% p.a. to 5.00% p.a. These deposits are known as short term deposits as their tenure is less than 1 year.
Medium-term fixed deposits have their tenures ranging from more than 1 year to less than 5 years. The interest offered by the bank on these deposits is around 5.00% – 5.30%
These deposits have their tenure ranging from 5 years to 20 years and offer an interest rate of 5.25% – 4.80%.
An IDBI Bank FD account can be opened through different modes like Mobile App, Internet Banking, and offline.
1) Internet Banking
Follow the below-mentioned steps for opening a IDBI Bank FD account via internet banking-
2) Mobile App - IDBI Bank App
Follow the steps mentioned ahead to open an FD account via IDBI Bank App-
3) Opening IDBI Bank FD Offline
For opening an IDBI Bank FD account via offline mode, one has to visit the nearest IDBI Bank branch. Fill out the IDBI Bank FD application form and present all the necessary documents with the deposit amount. On successful processing of the application, an FD receipt will be provided by the IDBI bank.
The following groups are eligible for initiating fixed deposit investments in IDBI Bank –
Furnishing proper identity and address proof is mandatory for availing IDBI Bank FD. Minors and senior citizens also need to provide proof of age.
Here is a quick look at all documents necessary –
What is the minimum deposit amount needed to open an FD account in IDBI Bank?
The minimum amount to open an FD account in IDBI Bank is Rs. 10,000
What is the tenure range for IDBI Bank FD?
The tenure for IDBI FD ranges from 7 days to 20 years.
Can a customer deposit an additional amount after opening the FD account?
No, an additional amount cannot be deposited once the account is opened with a certain deposit amount.
Who all are eligible to open an FD account in IDBI?
Resident Individuals, HUFs, NRIs, firms as well as minors are also eligible for opening an FD account with IDBI Bank.
Can we open IDBI FD account online?
Yes, you can open IDBI FD account online.