ET OnlineIDBI Bank has announced revision of its interest rates across key deposit products, including regular fixed deposits (FDs), the special Utsav Fixed Deposit scheme, and savings bank accounts. The updated rates have come into effect from May 16, 2025.
The special Utsav Callable FD tenures of 444, 555, and 700 days offer high interest rates The rates are:
444 days: 7.10% (general), 7.60% (senior)
555 days: 7.15% (general), 7.65% (senior)
700 days: 7.00% (general), 7.50% (senior)
The above rates are effective till June 30, 2025.
Also read: Highest FD returns: SBI, HDFC, ICICI and Canara Bank, which one gives the maximum interest on Rs 5 lakh deposit
Note that the Utsav FD tenures of 300 days and 375 days have been discontinued from April 16, 2025.
Earlier, the bank was offering 7.25% on 444-day tenure for general citizens, 7.75% for senior citizens. On a tenure of 555 days, the bank offers 7.3% for general citizens and 7.8% for senior citizens.
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IDBI Bank has also revised its term deposit interest rates for deposits less than Rs 3 crore. After revision, the bank offers FD interest rate between 3% and 7% (excluding special deposits) for general citizens. For senior citizens, the bank offers between 3.50% and 7.50% for tenures between 7 days and 10 years. The revised rates are effective from May 16, 2025.
For tax-saving FDs with a 5-year lock-in period, the interest stands at 6.50% for general customers and 7.00% for senior citizens.
IDBI Chiranjeevi-Super Senior Citizen FD exclusive for resident individuals aged 80 years. Super senior citizens investing in a tenure of 444 days, the interest rate offered is 7.75% per annum. Interest rate for the 555-day deposit can earn a return at 7.80%, while the 700-day deposit offers an interest rate of 7.65% per annum.
Savings account interest rate update:
From May 16, 2025, interest rates on savings bank account balances have been revised. For balances up to Rs 1 lakh, the rate remains 2.70% per annum. Balances above Rs 1 lakh and up to Rs 5 crore will earn 2.75% p.a. Accounts holding between Rs 5 crore and Rs 100 crore will now earn 3.25% p.a.
For balances exceeding Rs 1,000 crore, floating interest rates linked to MIBOR (Mumbai Interbank Offered Rate) will apply starting June 1, 2025. The applicable rates vary as follows:
Rs 1,000–1,500 crore: MIBOR +10 bps
Rs 1,500–2,000 crore: MIBOR +40 bps
Rs 2,000–5,000 crore: MIBOR +70 bps
Over Rs 5,000 crore: MIBOR +55 bps
Note that MIBOR-linked interest will apply to the entire balance above Rs 1 lakh if the end-of-day balance exceeds Rs 1,000 crore.
IDBI Bank Utsav Fixed Deposit
The special Utsav Callable FD tenures of 444, 555, and 700 days offer high interest rates The rates are:444 days: 7.10% (general), 7.60% (senior)
555 days: 7.15% (general), 7.65% (senior)
700 days: 7.00% (general), 7.50% (senior)
The above rates are effective till June 30, 2025.
Also read: Highest FD returns: SBI, HDFC, ICICI and Canara Bank, which one gives the maximum interest on Rs 5 lakh deposit
| Special Buckets | General/NRE/NRO | Senior Citizens |
| 444 Days | 7.1 | 7.6 |
| 555 Days | 7.15 | 7.65 |
| 700 Days | 7 | 7.5 |
Note that the Utsav FD tenures of 300 days and 375 days have been discontinued from April 16, 2025.
Earlier, the bank was offering 7.25% on 444-day tenure for general citizens, 7.75% for senior citizens. On a tenure of 555 days, the bank offers 7.3% for general citizens and 7.8% for senior citizens.
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Latest IDBI Bank FD rates
IDBI Bank has also revised its term deposit interest rates for deposits less than Rs 3 crore. After revision, the bank offers FD interest rate between 3% and 7% (excluding special deposits) for general citizens. For senior citizens, the bank offers between 3.50% and 7.50% for tenures between 7 days and 10 years. The revised rates are effective from May 16, 2025.| Interest Rate (% p.a.) | ||
| Retail Term Deposits (< 3 Cr) | ||
| Maturity Slab | General Customers | Sr. Citizen |
| 0-6 Days | NA | NA |
| 07-30 days | 3 | 3.5 |
| 31-45 days | 3.25 | 3.75 |
| 46- 60 days | 4.5 | 5 |
| 61- 90 days | 4.75 | 5.25 |
| 91 days to 6 months | 5.5 | 6 |
| 6 months 1 day to 270 Days | 6 | 6.5 |
| 271 days to < 1 year | 6.25 | 6.75 |
| 1 Year to 2 Years | 6.8 | 7.3 |
| (except 444 Days, 555 days & 700 Days) | ||
| > 2 Years to <3years | 7 | 7.50 |
| 3 years to 5 years | 6.5 | 7 |
| >5 years to 10 years | 6.25 | 6.75 |
| >10 years to 20 years$ | 4.8 | 5.30 |
| Tax Saving FD | ||
| 5 Years | 6.5 | 7 |
For tax-saving FDs with a 5-year lock-in period, the interest stands at 6.50% for general customers and 7.00% for senior citizens.
IDBI Chiranjeevi-Super Senior Citizen FD
IDBI Chiranjeevi-Super Senior Citizen FD exclusive for resident individuals aged 80 years. Super senior citizens investing in a tenure of 444 days, the interest rate offered is 7.75% per annum. Interest rate for the 555-day deposit can earn a return at 7.80%, while the 700-day deposit offers an interest rate of 7.65% per annum.
| Special Buckets | Senior Citizens |
| 444 Days | 7.75 |
| 555 Days | 7.8 |
| 700 Days | 7.65 |
Savings account interest rate update:
From May 16, 2025, interest rates on savings bank account balances have been revised. For balances up to Rs 1 lakh, the rate remains 2.70% per annum. Balances above Rs 1 lakh and up to Rs 5 crore will earn 2.75% p.a. Accounts holding between Rs 5 crore and Rs 100 crore will now earn 3.25% p.a.
For balances exceeding Rs 1,000 crore, floating interest rates linked to MIBOR (Mumbai Interbank Offered Rate) will apply starting June 1, 2025. The applicable rates vary as follows:
Rs 1,000–1,500 crore: MIBOR +10 bps
Rs 1,500–2,000 crore: MIBOR +40 bps
Rs 2,000–5,000 crore: MIBOR +70 bps
Over Rs 5,000 crore: MIBOR +55 bps
Note that MIBOR-linked interest will apply to the entire balance above Rs 1 lakh if the end-of-day balance exceeds Rs 1,000 crore.
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