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 |
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| Interest Rate on Term Deposits |
| 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 |
| >10 yrs up to 20 yrs * |
8.50 |
8.50 |
|
| |
| Senior Citizens Deposits **(only for resident) w.e.f. November 01, 2012 |
|
|
|
|
IDBI- Interest Rate (%)
|
Tenor
|
Upto Rs.15 lakh
|
Above Rs.15 lakh upto
|
|
| 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
|
| >10 yrs up to 20 yrs * |
9.25
|
9.25
|
|
| @ Specific Codes for 500 days to be used for opening these accounts. |
*
- Retail deposits on regular payment of interest basis (i.e. non-cumulative basis) may be accepted by the branches.
- 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 of ED (PBG Corporate
Centre).
- 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 |
|
| |
| 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) |
|
| Tenure |
Normal 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. |
|
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Retail Loans (w.e.f. November 19, 2012)
|
Base Rate(BR) : 10.50% p.a.(w.e.f. April 20,2012)
|
| Home Loans (Floating) |
| Home Loans(Floating) |
Up to Rs. 75 lakhs
|
Rs. 75 lakhs and above
|
10.50%(Linked to BR)
|
10.75%(Linked to BR)
|
| Home Loan Interest Saver(Floating) |
Up to Rs. 25 lakhs
|
Above Rs. 25 lakhs to Rs. 30 lakhs |
Above Rs. 30 lakhs to less than Rs. 75 lakhs |
Rs. 75 lakhs and above
|
11.00% (Linked to BR)
|
11.25% (Linked to BR)
|
11.50% (Linked to BR)
|
11.75% (Linked to BR)
|
|
| |
| Home Loans (Fixed ) |
Options
|
|
| Fixed for 3 years |
11.50% (BR+1%) for all loan slabs (At the end of fixed periods applicable floating rate of interest will be BR +1%)
|
| Fixed for 5 years |
|
| |
| Mortgage Loan (Floating) |
Options
|
ROI(%) 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) (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 |
11.50% (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 |
12.50%(Linked to BR) (Floating)
|
|
|
| Educational Loan (Floating) |
| Education Loans to students studying in Premier Educational Institutions |
12.00% (Linked to BR)
|
| Education Loan for ‘other students secured admission under Management Quota’ |
14.00 %(Linked to BR)
|
|
|
| Auto Loan (Floating ) |
| MUV Segment |
ROI(%) p.a |
| MUV Segment |
13.25% p.a.
(Linked to BR)
|
| For all other vehicles |
12.75% p.a.
(Linked to BR)
|
|
| |
| Auto Loan (Fixed) |
Vehicle Segment
|
ROI(%) p.a
|
Tenor up to 36 months
|
Tenor 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 |
|
| 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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