Domestic Interest Rates
Overview
As per RBI mandate, Savings Bank interest will be calculated on the daily balances maintained in your account, at a rate of interest decided by the Bank from time to time.
Savings Bank Rate (w.e.f. June 18, 2025)
| Saving Balance | Rate of Interest (% p.a.) |
|---|---|
| Up-to Rs.1Lakh | 2.60 |
| Above Rs.1 Lakh-Rs.5 Lakh | 2.65 |
| Above Rs.5 lakh to Rs.5 crore | 2.70 |
| Above Rs. 5 crore to 100 crore | 3.10 |
| Above Rs.100 crore to Rs.1000 crore | 3.10 |
| Above Rs.1000 crore to Rs.1500 crore | MIBOR +10bps p.a. |
| Above Rs.1500 crore to Rs.2000 crore | MIBOR +40bps p.a. |
| Above Rs.2000 crore to Rs.5000 crore | MIBOR +75bps p.a. |
| Above Rs.5000 crore | MIBOR +65bps p.a. |
The interest rate on SB accounts for balances up to Rs.1000 Cr shall be effective from June 18,2025. For MIBOR linked rates i.e. for balances above ₹ 1000 cr., kindly contact your Relationship Manager (RM) or visit the nearest branch
Note:
- MIBOR linked floating interest rate will be applicable on entire balance above ₹1 lakh (all rates applicable on the end of the day balances) if the balance exceeds ₹1,000 crore based on the slab as above.
- For more details on the MIBOR Linked Floating Interest rate, please contact your Relationship Manager or visit your nearest IDBI Bank Branch.
- Interest rate for Rs. 1,000 crore and below savings bank account balances, interest rate slab shall be applicable as per existing interest rate structure of savings bank deposit.
- With effect from February 1,2021, Interest Rate on Savings Deposits is calculated on the basis of incremental balance slabs.
| Base Rate (w.e.f. April 12,2019) | 9.65% |
| Current BPLR (w.e.f. April 12,2019) | 14.15% |
Marginal Cost of Fund Based Lending Rate ( MCLR ) w.e.f. 12-06-2025
| Tenor | MCLR |
|---|---|
| Overnight MCLR | 8.20% |
| One Month MCLR (1M) | 8.35% |
| Three Month MCLR (Q) | 8.65% |
| Six Month MCLR (HY) | 8.85% |
| One year MCLR (Y) | 8.90% |
| Two Year MCLR (2Y) | 9.45% |
| Three Year MCLR (3Y) | 9.85% |
Fixed Deposits Interest Rate
The Bank pays interest on deposits as per various deposit schemes. 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
Interest Rate on Term Deposits (w.e.f. June 12, 2025)
Resident Term Deposit / NRO for deposit less than Rs. 3 Crore #For interest rate on NRE Term Deposit click here.
| Interest Rate (% p.a.) | ||
|---|---|---|
| Retail Term Deposits (< 3 Cr) | ||
| Maturity Slab | General Customers | Sr. Citizen |
| 0-6 Days | NA | NA |
| 07-30 days | 3.00 | 3.50 |
| 31-45 days | 3.25 | 3.75 |
| 46- 60 days | 4.50 | 5.00 |
| 61- 90 days | 4.75 | 5.25 |
| 91 days to 6 months | 5.50 | 6.00 |
| 6 months 1 day to 270 Days | 5.75 | 6.25 |
| 271 days to < 1 year | 6.00 | 6.50 |
| 1 Year to 2 Years (except 444 Days, 555 days & 700 Days) |
6.55 | 7.05 |
| > 2 Years to <3years | 6.70 | 7.20 |
| 3 years to 5 years | 6.25 | 6.75 |
| >5 years to 10 years | 5.95 | 6.45 |
| >10 years to 20 years$ | 4.80 | 5.30 |
| Tax Saving FD | ||
| 5 Years | 6.25 | 6.75 |
$ Maturity bucket is eligible only for deposits from following beneficiaries (with effect from January 1st, 2021).
1) Awards from Motor Accident Tribunal / Courts / Other Judicial/ Statutory Bodies, 2) Specific Cases of margin money for Bank Guarantees
General Terms & Conditions:
- Tenure for NRO Term Deposit is 07 days to 10 years.
- Tenure for NRE Term Deposit is 1 year to 10 years.
- Staff & Sr. Citizen rates are not applicable to NRO & NRE Term Deposits.
- No interest is paid if the deposit is held for the tenure of below 7 days, the minimum period for Term Deposits as per RBI guidelines.
- Interest payable on prematurely withdrawn deposits will be the rate applicable for the amount and the period for which the deposit remained with the Bank (rate applicable for that tenure on the original date of the deposit). To illustrate as an example, if a deposit is placed for 5 years and after 1 year the depositor wants to close the deposit prematurely, then the interest rate applied will be the rate which was applicable for one year on the original date of deposit.
- Bank will levy a penalty of 1%, on the applicable rate for deposits closed prematurely. Such closures include the withdrawals through sweep-ins and partial withdrawals as well.
- Effective from June 10, 2024, the maximum Retail Term Deposit(RTD) threshold has been enhanced to < Rs 3 Crores, from previously < Rs 2 Crores, as per RBI directives.
UtsavFD (Revised Rates w.e.f. June 12, 2025):
The validity of following special tenures under Utsav FD are extended up to September 30, 2025.
The interest rate structure is as under:
| Interest Rate (% p.a.) | ||
|---|---|---|
| Special Buckets | General/NRE/NRO | Senior Citizens |
| 444 Days | 6.85 | 7.35 |
| 555 Days | 6.90 | 7.40 |
| 700 Days | 6.75 | 7.25 |
General Terms and Conditions-
- Premature withdrawal / closure permitted.
- Staff, Senior Citizen and Super Senior Citizen Rates are not applicable to NRO & NRE term Deposits
- All other features of term deposit as well as terms and conditions shall remain unchanged and are applicable for the above scheme also.
IDBI Chiranjeevi-Super Senior Citizen FD (Effective from June 12, 2025):
Introduction of IDBI Chiranjeevi-Super Senior Citizen FD exclusive for resident individuals aged 80 years and above effective from January 13, 2025.
The interest rate structure is as under:
| Interest Rate (% p.a.) | |||
|---|---|---|---|
| Special Buckets | Senior Citizens | ||
| 444 Days | 7.50 | ||
| 555 Days | 7.55 | ||
| 700 Days | 7.40 | ||
General Terms and Conditions -
- Rates applicable only for resident super senior citizens aged 80 years and above
- Premature withdrawal / closure permitted.
- Retired Staff Super Senior Citizen & General Super Senior Citizen Rates are not applicable to NRO & NRE term Deposits.
- IDBI Chiranjeevi-Super Senior Citizen FD rates will remain valid only for the duration of the respective Utsav FD buckets.
- All other features of term deposit as well as terms and conditions shall remain unchanged and are applicable for the above scheme also.
Suvidha Tax Saving Fixed Deposits (5 YEARS)
| w.e.f. June 12, 2025 | |
|---|---|
| Normal Retail Rate | 6.25 |
| Senior Citizens | 6.75 |
Systematic Savings Plan (SSP /SSP Plus)**** (w.e.f. June 12, 2025)
| Interest Rate (% p.a.) | ||
|---|---|---|
| Maturity Slab | General Customers | Senior Citizens |
| 1 Year to 2 Years | 6.55 | 7.05 |
| > 2 Years to <3years | 6.70 | 7.20 |
| 3 years to 5 years | 6.25 | 6.75 |
| >5 years to 10 years | 5.95 | 6.45 |
Interest payable on Premature Withdrawal of Term Deposits- Interest payable on prematurely withdrawn deposits will be the rate applicable for the amount and the period for which the deposit remained with the Bank (rate applicable for that tenure on the original date of the deposit) For such premature withdrawals, including sweep-ins and partial withdrawals, the Bank will levy a penalty of 1%, on the applicable rate.
Bulk Term Deposits
| Card rates for Non-Callable Bulk Term Deposits (BTD) [w.e.f. 24/06/2025] | |||||||
|---|---|---|---|---|---|---|---|
| Maturity Slabs | 3 cr. to Rs.7.5 cr |
>7.5 cr to Rs.10 cr |
>Rs 10 cr to Rs 50 cr |
>Rs 50 cr to Rs 100 cr |
>Rs 100 cr to Rs 200 cr |
>Rs 200 cr to Rs 500 cr. |
>Rs 500 cr |
| 91 - 180 days | 6.01% | 6.06% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% |
| 181 – 250 days | 6.06% | 6.16% | 6.21% | 6.21% | 6.21% | 6.21% | 6.21% |
| 251 days - 270 days | 6.16% | 6.21% | 6.23% | 6.23% | 6.23% | 6.23% | 6.23% |
| 271 days to < 1 year | 6.21% | 6.26% | 6.26% | 6.26% | 6.26% | 6.26% | 6.26% |
| 1 year | 6.21% | 6.28% | 6.31% | 6.31% | 6.31% | 6.31% | 6.31% |
| >1 year -1 year 3 mnth | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% |
| >1 yr 3 mnth - 2 year | 6.06% | 6.06% | 6.06% | 6.16% | 6.16% | 6.16% | 6.16% |
* Branches may take card rates for amount Rs.3 cr.to Rs.7.5cr.
- Treasury consents for rates amount above Rs.7.5cr.
- Branches should necessarily seek consent from Treasury (mmk.tfo@idbi.co.in) before submitting to clients. RPU/CPU teams to open such accounts only after verifying the rate approval from Treasury Front Office.
- Acceptance of deposits of Rs.7.5 crore and above is at the discretion of Bank.
- The rates are subject to revision from time to time.
- Customers may contact the nearest branch for details/rate of interest, terms & conditions.
Additional Terms and Conditions for Non- Callable bulk deposit scheme
- Branches are advice to affix stamp on physical Confirmation of Deposit (CoD) clearly indicating the following “This is a Non-Callable deposit wherein Pre-mature/ partial withdrawal is not permitted”
- Sweep-in / Sweep-out facility is not permitted.
- Auto renewal not allowed.
- Pre- Mature closure / partial withdrawal are not permitted.
| Card rates for Callable Bulk Term Deposits (BTD): [w.e.f. 24/06/2025] | |||||||
|---|---|---|---|---|---|---|---|
| Maturity Slabs | 3 cr to Rs.7.5 cr |
>7.5 cr to Rs.10 cr. |
>Rs 10 cr to Rs 50 cr |
>Rs 50 cr to Rs 100 cr |
>Rs 100 cr to Rs 200 cr |
>Rs 200 cr to Rs 500 cr. |
>Rs 500 cr |
| 7 – 14 days | 4.25% | 4.31% | 4.31% | 4.36% | 4.36% | 4.36% | 4.36% |
| 15 – 30 days | 4.45% | 4.51% | 4.56% | 4.61% | 4.61% | 4.61% | 4.61% |
| 31– 45 days | 4.76% | 4.81% | 4.91% | 4.96% | 4.96% | 4.96% | 4.96% |
| 46 – 90 days | 5.51% | 5.61% | 5.66% | 5.66% | 5.66% | 5.66% | 5.66% |
| 91 - 180 days | 5.96% | 6.01% | 6.11% | 6.11% | 6.11% | 6.11% | 6.11% |
| 181 – 250 days | 6.01% | 6.11% | 6.16% | 6.16% | 6.16% | 6.16% | 6.16% |
| 251 days - 270 days | 6.11% | 6.16% | 6.18% | 6.18% | 6.18% | 6.18% | 6.18% |
| 271 days to < 1 year | 6.16% | 6.21% | 6.21% | 6.21% | 6.21% | 6.21% | 6.21% |
| 1 year | 6.16% | 6.23% | 6.26% | 6.26% | 6.26% | 6.26% | 6.26% |
| >1 year -1 year 3 mnth | 6.11% | 6.11% | 6.11% | 6.11% | 6.11% | 6.11% | 6.11% |
| >1 yr 3 mnth - 2 year | 6.01% | 6.01% | 6.01% | 6.11% | 6.11% | 6.11% | 6.11% |
| >2 yr- 36 mnth | 6.01% | 6.01% | 6.01% | 6.11% | 6.11% | 6.11% | 6.11% |
| >36 mnth- 5 year | 6.01% | 6.01% | 6.01% | 6.11% | 6.11% | 6.11% | 6.11% |
| >5 year- 7 year | 6.01% | 6.01% | 6.01% | 6.11% | 6.11% | 6.11% | 6.11% |
| >7 year- 10 year | 6.01% | 6.01% | 6.01% | 6.11% | 6.11% | 6.11% | 6.11% |
* Branches may take card rates for amount Rs.3 cr.to Rs.7.5cr.
- Treasury consents for rates amount above Rs.7.5cr.
- Branches should necessarily seek consent from Treasury (mmk.tfo@idbi.co.in) before submitting to clients. RPU/CPU teams to open such accounts only after verifying the rate approval from Treasury Front Office.
- Acceptance of deposits of Rs.7.5 crore and above is at the discretion of Bank.
- The rates are subject to revision from time to time.
- Customers may contact the nearest branch for details/rate of interest, terms & conditions.
| RBI Repo link Bulk Term Deposits (BTD) | |||
|---|---|---|---|
| Maturity Buckets | Applicable mark-up over and above the RBI Policy Repo rate | Effective rate considering RBI Repo @ 5.50% w.e.f. 06-06-2025 | |
| Current | % | ||
| 1 year | 20bps | 5.70 | |
| 2 year | 20 bps | 5.70 | |
| 3 Year | 5 bps | 5.55 | |
| MIBOR link Bulk Term Deposits (BTD) | |
|---|---|
| Maturity (Buckets) | Applicable mark-up over and above the Daily MIBOR rate (Above Rs.5 crore) w.e.f. 06-06-2025 |
| Current | |
| 7-30 days | -175 bps |
| 31-45 days | -160 bps |
| 46-90 days | -65 bps |
Floating Rate Term Deposit
| ANCHOR Rate Details (%) | |||
|---|---|---|---|
| Applicable to FRTDs opened- | up to Oct 30, 2018 | from Nov 1, 2018 | |
| Treasury Bill Auction undertaken by RBI during Quarter | Average of Weighted Avg. Yield of | Anchor Rate applicable for Quarter | |
| 364 -Days Treasury Bill | 91-Days Treasury Bill | ||
| Oct 01- Dec 30, 2023 | 7.15 | 6.93 | Jan 01-Mar 31, 2024 |
| Jan 01- Mar 31, 2024 | 7.12 | 6.97 | Apr 01-June 30, 2024 |
| Apr 01- June 30, 2024 | 7.04 | 6.89 | Jul 01 – Sept 30, 2024 |
| July 01- September 30 , 2024 | 6.79 | 6.68 | Oct 01 – Dec 31, 2024 |
| Oct 01-Dec 31, 2024 | 6.59 | 6.47 | Jan 01 – Mar 31, 2025 |
| Jan 01-Mar 31, 2025 | 6.6 | 6.53 | Apr 01-June 30, 2025 |
| Between Apr 01-June 30, 2025 | 5.81 | 5.76 | From Jul 01-Sept 30, 2025 |
Anchor Rates are Average of Weighted Avg. Yield of Auction of 91 Days and 364 days TB undertaken by RBI during the calendar quarter
A) Applicable for New & Renewal of Existing FRTD accounts opened after Nov 01,2018RATE APPLICABLE FROM July 1, 2025 to September 30, 2025 ( 91 -T Bill)
| Tenor | Anchor Rate | Mark -up on average rate | Effective rate for FRTD | Senior Citizen |
|---|---|---|---|---|
| (Years) | (%) | (%) | (%) | (%) |
| 1 | 5.76 | 0.50 | 6.26 | 6.76 |
| 2 | 5.76 | 0.50 | 6.26 | 6.76 |
| 3 | 5.76 | 0.50 | 6.26 | 6.76 |
| 5 | 5.76 | 0.40 | 6.16 | 6.66 |
| 7 | 5.76 | 0.20 | 5.96 | 6.46 |
| 10 | 5.76 | 0.20 | 5.96 | 6.46 |
| >10 – 20 | 5.76 | 0.10 | 5.86 | 6.36 |
RATE APPLICABLE FROM July 1, 2025 to September 30, 2025 ( 364 -T Bill)
| Tenor | Anchor Rate | Mark -up on average rate | Effective rate for FRTD | Senior Citizen |
|---|---|---|---|---|
| (Years) | (%) | (%) | (%) | (%) |
| 1 | 5.81 | 1.00 | 6.81 | 7.31 |
| 2 | 5.81 | 0.75 | 6.56 | 7.06 |
| 3 | 5.81 | 0.75 | 6.56 | 7.06 |
| 5 | 5.81 | 0.75 | 6.56 | 7.06 |
| 7 | 5.81 | 0.75 | 6.56 | 7.06 |
| 10 | 5.81 | 1.00 | 6.81 | 7.31 |
| >10 – 20 | 5.81 | 0.65 | 6.46 | 6.96 |
RATE APPLICABLE FROM July 1, 2025 to September 30, 2025 ( 364 -T Bill)
| Tenor | Anchor Rate | Mark -up on average rate | Effective rate for FRTD | Senior Citizen |
|---|---|---|---|---|
| (Years) | (%) | (%) | (%) | (%) |
| 1 | 5.81 | 1.00 | 6.81 | 7.31 |
| 2 | 5.81 | 1.10 | 6.91 | 7.41 |
| 3 | 5.81 | 1.25 | 7.06 | 7.56 |
| 5 | 5.81 | 1.25 | 7.06 | 7.56 |
| 7 | 5.81 | 1.35 | 7.16 | 7.66 |
| 10 | 5.81 | 1.40 | 7.21 | 7.71 |
| >10 – 20 | 5.81 | 1.40 | 7.21 | 7.71 |
Terms & Conditions
- Interest Payment - The interest on the deposit is payable quarterly on the last day of each quarter.
- Interest Reset - Every 3 months, coinciding with calendar quarters - on April 1, July 1, October 1 and January 1 every year.
- Minor's account - A minor alone cannot open an FRTD as the maturity amount cannot be determined at the time of opening the FRTD. Minor’s account to be can opened jointly with his/her guardian only.
- Tax deduction at source - TDS applicable as per prevalent rules & regulations.
- Premature Withdrawal -
- a) Minimum Lock-in period: one year; No premature withdrawal up to one year.
- b) After one year, the rate applicable, in the event of premature withdrawal, would be the average benchmark rate of the immediate preceding quarter with the mark up of applicable preceding tenor less 1% penalty e.g. If the depositor books deposit for 2 years and requests for a pre closure after 1year and 110 days the applicable rate would be the average benchmark of the preceding quarter of the last quarter the deposit had remained with the Bank (as applicable for the relevant quarter) plus the mark up of 1 year.
- c) The calculation of interest shall be as per extant guidelines for term deposit carrying fixed rate.
- Senior Citizen - Senior Citizens will be paid interest at 50 basis point higher that applicable FRTD rate.
Disclaimer - The mark-up would be revised at the Bank's discretion. The revised mark-up would be applicable only for fresh and renewal of existing deposits.
Mibor Linked Deposit (Effective from February 3, 2012)
Please contact our nearest branch for rate of interest and terms.Retail Loans
Interest Rate structure for Structured Retail Asset (SRA) Products
RLLR SRA = 8.45% for new loans w.e.f. June 12, 2025
Floating ROI (Floating Rate Loans linked to Repo Linked Lending Rate -RLLR)
Home Loan
| Plain Vanilla Home Loan (Purchase/Construction/Extension) | |
|---|---|
| Category | Rate of Interest |
| Salaried/Self Employed Professional | 7.75% - 10.35% |
| Self Employed Non-Professional | 8.10% - 11.85% |
| Home Loan Ultra Saver | 8.15% - 12.25% |
| Home loan Top Up | |
|---|---|
| Housing Purpose | HL ROI + 20 BPS |
| Suvidha Top up (Non Housing purpose) | HL ROI + 75 BPS |
| Plot Loan for House Construction | 9.40% - 10.00% |
| Rural/Semi Urban Housing | ||
|---|---|---|
| Category | Rate of Interest | |
| Loan amount Up to Rs.35 Lakh | Salaried/ Self Employed Professional | 8.00% - 10.30% |
| Self Employed Non-Professional | 8.30% - 10.40% | |
Mortgage Loan (ML)
| Mortgage Loan (ML) | Rate of Interest |
|---|---|
| Residential Property | 9.10% - 11.05% |
| Commercial Property | 9.60% - 11.30% |
| Loan for Commercial Property Purchase (LCPP) | Rate of Interest |
|---|---|
| 9.60% - 11.45% | |
| Loan Against Rent Receivable (LARR) | Rate of Interest |
|---|---|
| 9.60% - 11.30% | |
Education Loan
| Non-Vocational Courses | |
|---|---|
| Up to Rs.7.5 lakhs (studies in India and abroad) | 10.45% |
| Above Rs. 7.5 lakhs (studies in India) | 10.70% |
| Above Rs. 7.5 lakhs (studies abroad) | 10.20% |
| Above Rs. 7.5 lakhs (studies in Premier Institutions abroad ) | 9.40% - 9.75% |
| Non-Vocational Courses for students secured admission under Management Quota & Specialized Courses |
10.70% |
| Vocational/ Skill Development Courses | 9.95% |
| Loans for students studying in Premier Education Institutes in India | 8.25% |
| Education loans under PM Vidyalaxmi Scheme (PMVS) | 7.75%-8.95% |
Loan against Securities
| ROI Range | 9.70% - 10.70% |
Auto Loan
| ROI Range | New Car | 8.40% - 9.20% |
| Certified Pre-owned | 10.70%-11.30% | |
Loan for Insurance Premium
| ROI Range | 7.75% - 12.25% |
SOLAR ROOFTOP FINANCE
| ROI Range | Rate of Interest |
|---|---|
| Interest rates for Up to 3 KW Solar Roof Top ( Loan amount up to Rs.2 Lakh) |
7.00% |
| Interest rates for above 3 KW to 10 KW Solar Roof Top ( Loan amount above Rs.2 Lakh up to Rs.6 Lakh) |
7.75%-8.75% |
Fixed ROI: Home Loan
Plain Vanilla Home Loan including Rural / Semi Urban Housing Loan (Purchase/ Construction / Extension/Balance Transfer )
| All loan Amounts | For 3 Year Tenor | For > 3 Year Tenor |
| 10.90% | 12.00% | |
| Plot Loan for house construction | Rate of Interest |
| 12.25% | |
Fixed ROI : Mortgage Loan (ML)
Reverse Mortgage Loan (RML) (Fixed for 5 years)
| Reverse Mortgage Loan (RML) |
| 11.50% |
Loan for Commercial Property Purchase (LCPP) ( Fixed for 5 years)
| ROI Range | 12.90%-13.05% |
Mortgage Loan-Residential (Fixed for 5 years)
| ROI Range | 12.40%-12.55% |
Mortgage Loan-Commercial & Loan against Rent Receivables (LARR) (Fixed for 5 years)
| ROI Range | 12.65%-12.80% |
Education Loan
| Rate of interest | |
|---|---|
| All the variants of Education Loan ( Fixed for 5 years) | 11.50% |
Personal Loan
| ROI Range | 11.00% - 15.50% |
Auto Loan
| ROI Range | New Car | 8.90%-9.15% |
| Certified Pre-owned | 10.90%-11.50% | |
Interest rate applicable for Retail Loans for Quarter End March 2025 is as under:
| Product Name | Minimum Interest rate | Maximum Interest rate | Mean Interest rate | Annual Percentage Rate (APR) |
|---|---|---|---|---|
| Home Loan | 8.35% | 12.25% | 8.79% | 8.44% |
| Mortgage Loan | 9.15% | 11.40% | 9.82% | 9.38% |
| Auto Loan | 8.70% | 11.40% | 9.03% | 9.78% |
| Education Loan | 8.50% | 11.20% | 10.54% | 8.50% |
| Personal Loan (Fixed) | 11.00% | 15.50% | 12.18% | 14.70% |
| Loan against Securities | 9.85% | 11.20% | ||
| Loan for Insurance premium (LIP) | 8.35% | 12.25% | 9.02% | 8.35% |
*APR is calculated based on the Minimum Interest Rate, Maximum Tenor , Minimum Loan amount of the product and Minimum Charges Applicable ( Excluding taxes and Property Insurance)
Loans to Physically Challenged Persons under NDFDC (National Divyangjan Finance and Development Corporation) Guidelines- Refinance scheme
Home Loan
| Loan Amount | Rate of interest (fixed) |
|---|---|
| Less than Rs. 50,000 | 5 % p.a. |
| Above Rs. 50,000 to Rs.5 lakhs | 6 % p.a. |
| Above Rs. 5 lakh to Rs. 50 lakhs | 7 % p.a. |
Auto Loan
| Loan Amount | Rate of interest (fixed) |
|---|---|
| Less than Rs. 50,000 | 5 % p.a. |
| Above Rs. 50,000 to Rs.5 lakhs | 6 % p.a. |
| Above Rs. 5 lakh to Rs. 15 lakhs | 7 % p.a. |
| Above Rs. 15 lakhs to Rs. 30 lakhs | 8 % p.a. |
| Above Rs. 30 lakhs to Rs.50 lakhs | 9 % p.a. |
Personal Loan
| Loan Amount | Rate of interest (fixed) |
|---|---|
| Less than Rs. 50,000 | 5 % p.a. |
| Above Rs. 50,000 to Rs.5 lakhs | 6 % p.a. |
| Above Rs. 5 lakh to Rs. 15 lakhs | 7 % p.a. |
Education Loan
| Loan Amount | Rate of interest (fixed) |
|---|---|
| Upto Rs.50 Lakh | 4% p.a. |
Interest rates on Micro, Small & Medium Enterprises
| Particulars | Interest Rate of Contracted Loans |
|---|---|
| RLLR Effective from February 12, 2025 | 9.10% |
| Minimum Rate % | 9.20% |
| Maximum Rate % | 24% |
| Mean Rate % | 10.37% |
| Card Rate for MSME Loans upto ₹200 lakh | |||
|---|---|---|---|
| Minimum | Maximum | Average | Remark |
| RLLR+0.35 | RLLR+ 7.20 | RLLR+3.775 | Applicable rate is subject to Rating/ Scoring |
| Card Rate for MSME Loans above ₹200 lakh | |||
|---|---|---|---|
| Minimum | Maximum | Average | Remark |
| RLLR+0.10 | RLLR+4.75 | RLLR+2.425 | Applicable rate is subject to Rating/ Scoring |
| Annual Percentage Rate (APR) * | |
|---|---|
| Range of Annual Percentage Rate (APR) for 5 years loan tenor under MSME | 9.20 % to 25.08 % |
* APR is an indicative rate to know the overall cost of the loan on the date of availing the loan. The actual rate may vary on the basis of various factors like Credit Scoring/ Rating of the borrower. Bank shall not be liable for any loss or damage arising from the use of this APR.
ROI For Agri Credit
Kisan Credit Card (KCC):
KCC under Interest Subvention benefit:
| Credit limit | Card Rate |
|---|---|
| Up to ₹ 3 lakh (including crop loan + working capital loan to Animal Husbandry and Fisheries with maximum limit upto ₹ 2 lakh) | 7% (As per RBI guidelines /Govt. guidelines on interest Subvention Scheme) |
*KCC availed at Rural and Semi urban Branches of the Bank shall only be eligible for interest subvention benefits.
KCC without Interest Subvention:
| Credit limit | Card Rate |
|---|---|
| Up to ₹ 25 lakh - SFMF | MCLR (Y) + 1.25% |
| Up to ₹ 25 lakh - Non- SFMF | |
Note:
- Non-Subvention rate of interest will applied in all expired KCC accounts.
- Interest subvention will be calculated on the loan amount from the date of disbursement/drawal up to the date of actual repayment of the loan by the farmer or up to the due date of the loan fixed by the bank, whichever is earlier, subject to a maximum period of one year.
For Loans other than KCC upto Rs. 25 lakh qualifying as Agricultural advances (common for WC/STLs/TLs)
| Particulars | Card Rate |
|---|---|
| For SFMF | MCLR (Y) + 1.00% |
| For Non-SFMF - above 70 % score | |
| For Non-SFMF - below 70% score | MCLR (Y) + 2.00% |
| For Non-individuals (other than NCF) | |
Card Rate for Agri Loans above Rs. 25 lakh and upto Rs. 2 crore (common for WC/STLs/TLs)
| 3 Months / 6 Months / 1 Year | |
|---|---|
| Scoring Slab (%) | Card rate |
| 95 & above | MCLR + 140 bps |
| 80 to 94.99 | MCLR + 230 bps |
| 70 to 79.99 | MCLR + 315 bps |
| 55 to 69.99 | MCLR + 405 bps |
| Less than 55 | MCLR + 515 bps |
Card Rate for Agri Loans above Rs. 2 crore (common for WC/STLs/TLs)
| 3 Months / 6 Months / 1 Year | |
|---|---|
| External / Internal Rating (Product Scoring %) | Card rate |
| AAA (95 & above) | MCLR + 10 bps |
| AA (80 to 94.99) | MCLR + 15 bps |
| A (70 to 79.99) | MCLR + 30 bps |
| BBB /Unrated (55 to 69.99) | MCLR + 180 bps |
| Below BBB (Less than 55) | MCLR + 370 bps |
Loans to Food & Agro Processing Units with classification under PSL-Agriculture
Card rate for Food & Agro Processing up to Rs. 2 crore – Not covered under CGTMSE
| Scoring | |
|---|---|
| Rating Slab / Scoring | Card rate |
| AAA (Score 95 & above) | Repo +280 bps |
| AA (Score 80 to 94.99) | Repo + 405 bps |
| A (Score 70 to 79.99) | Repo + 460 bps |
| BBB / Unrated (Score 55 to 69.99) | Repo + 620 bps |
| Below BBB (Score Less than 55) | Repo+ 820 bps |
Card rate for Food & Agro Processing above Rs. 2 crore – Not covered under CGTMSE
| Scoring | |
|---|---|
| Rating Slab / Scoring | Card rate |
| AAA (Score 95 & above) | Repo+280 bps |
| AA (Score 80 to 94.99) | Repo+285 bps |
| A (Score 70 to 79.99) | Repo+290 bps |
| BBB / Unrated (Score 55 to 69.99) | Repo+410 bps |
| Below BBB (Score Less than 55) | Repo+595 bps |
Card rate for Food & Agro Processing units – Covered under CGTMSE
| Scoring | |
|---|---|
| Rating Slab / Scoring | Card rate |
| AAA (Score 95 & above) | Repo+280 bps |
| AA (Score 80 to 94.99) | Repo+355 bps |
| A (Score 70 to 79.99) | Repo+400 bps |
| BBB/ Unrated (Score 55 to 69.99) | Repo+535 bps |
| Below BBB (Score Less than 55) | Repo +725 bps |
Card Rate for Loans under Agri Infrastructure Fund
| Credit limit | Interest Rate |
|---|---|
| Up to Rs. 2 crore | MCLR (H) + 1.00% (9.80%) or 9% whichever is lower |
| Above Rs. 2 crore | MCLR (Y) + 1.00% |
Card Rate for Ware House Receipts Loans
Finance to SFMF having KCC limit with IDBI Bank, against NWR/ e-NWR Issued by WDRA accredited warehouses:
| Credit Limit | ROI |
|---|---|
| Up to Rs. 3 lakh | 7%* (As per RBI guidelines) |
* Benefit under Interest Subvention Scheme to farmers having Kisan Credit Card for further period up to six months post- harvest against negotiable warehouse receipts subject to RBI/GoI guidelines.
Finance against Warehouse Receipts (WHR) to Individual Farmers:
| Credit Limit | Card rate |
|---|---|
| (i) Upto Rs. 75 lakh against NWR/ e-NWRs | Against e-NWR: MCLR (Y) |
| (ii) Upto Rs.50 lakh against WHR other than NWRs/e-NWRs | Others: MCLR (Y) + 0.10% |
(ii) NSRA-Agri WHR loans other than the point (i) and (ii) above:
| Rating | Card Rate (*) |
|---|---|
| A / equivalent to Score above 80% upto 94.99% | RLLR + 0.10% |
| BBB / equivalent to Score of 60% upto 79.99% | RLLR + 0.20% |
| BB / equivalent to Score of above 55% upto 59.99% (Assistance to be against eNWR only) |
RLLR + 0.80% |
(*) Collateral Management Charges shall be recovered separately if applicable at actual
(iii) Finance against Warehouse Receipts (WHR) Loans - Micro, Small and Medium Enterprises (MSMEs) including Traders:
| Rating | Card Rate (*) |
|---|---|
| AA and above / equivalent to Score 95% and above | RLLR + 0.10% |
| A / equivalent to Score above 80% upto 94.99% | RLLR + 0.20% |
| BBB / equivalent to Score of 60% upto 79.99% | RLLR + 0.30% |
| BB / equivalent to Score of above 55% upto 59.99% (Assistance to be against e-NWR only) |
RLLR + 0.90% |
(*) Collateral Management Charges shall be recovered separately, if applicable, at actuals.
Interest Rates on Micro Loans
| Particulars | Min Interest Rate | ||||||
|---|---|---|---|---|---|---|---|
| Existing | |||||||
| Through Branch Channel (For government sponsored schemes only) | MCLR (Y) + 1.75% | ||||||
| Through Corporate BC Channel | 8.75% to 14 % + BC commission Presently, Minimum : 13.75 % (including BC commission) Maximum : 25 % (including BC commission) | ||||||
| Micro loan under NRLM scheme |
|
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