Schemes of IDBI Bank
 

Hii sir, I Wants to get the Information About the Fixed Deposit Scheme of the IDBI Bank Will you Please provide It ?

Re: Schemes of IDBI Bank
 

A fixed deposit account provides higher returns on your savings than a normal savings account. Investing in IDBI Bank’s fixed deposit accounts, you are assured of returns on your savings. The bank has three major schemes for fixed deposits which include ‘Freedom Deposit’, “IDBI Bank Suvidha Tax Saving Fixed Deposit” and “IDBI Bank Floating Rate Term Deposits”.

Features of the Fixed Deposit

Door to door banking service is available.
Individuals and members of HUF can invest in this deposit.
Deposit is accepted for a period of 5 years.
You can deposit up to ₹ 1.5 lakhs.
Avail a lump sum amount on maturity of your deposits after 5 years.
Loans are provided against this deposit. You can get home loans, personal loans and educational loans with minimal paperwork.

Minimum/Maximum amount

Minimum/Maximum amount required to open an FD account with IDBI Bank:
The minimum amount required to open a fixed deposit account with IDBI Bank is ₹ 10,000 and the maximum amount is ₹ 99,99,999.

Minimum/Maximum deposit tenures of IDBI Bank FDs:
IDBI Bank accepts deposits for a minimum tenure of 15 days and a maximum tenure of 20 years.

Interest Rates

The bank offers attractive rates of interest on its fixed deposits. For domestic and NRO term deposits, the highest rate of interest offered by the bank is 8.80%