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Interest Rates

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. October 1, 2017)

Saving Balance	Rate of Interest
Upto Rs. 25 lakh	3.5 % p.a
Above Rs. 25 lakh	4.0 % p.a

Base Rate (w.e.f. April 12,2019)

9.65%

Current BPLR (w.e.f. April 12,2019)

14.15%

Tenor	MCLR
Overnight MCLR	7.85%
One Month MCLR (1M)	8.10%
Three Month MCLR (Q)	8.20%
Six Month MCLR (HY)	8.35%
One year MCLR (Y)	8.65%
Two Year MCLR (2Y)	8.75%
Three Year MCLR (3Y)	8.90%

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

Resident Term Deposit / NRO for deposit upto less than Rs. 2 Crore #

Maturity Slab	Interest Rate (% p.a.)
	Retail Term Deposits (< 2 Cr)
	General customers	Sr. Citizen
0-6 Days	NA	NA
7-14 Days	3.50	4.00
15-30 days	4.50	5.00
31-45 days	4.75	5.25
46- 60 days	5.50	6.00
61-90 days	5.50	6.00
91-6 months	5.60	6.10
6 months 1 day - 270 days	5.75	6.25
271 days upto< 1 year	6.00	6.50
1 year	6.45	6.95
> 1 year - 2 years	6.40	6.90
>2 years to < 3 years	6.25	6.75
3 years< 1111 days	6.25	6.75
1111 days ( Utsav Celebrations Deposit)	6.45	6.95
>1111 days < 5 years	6.25	6.75
3 years to < 5 years	6.25	6.75
5 years	6.25	6.75
> 5 years - 7 years	6.25	6.75
>7 years - 10 years	6.25	6.75
>10 years - 20 years*	6.00	6.50
	Tax Saving FD
5 years	6.25	6.75

	Non callable Retail Term Deposit w.e.f. November 11, 2019) Resident Term Deposit / NRO/NRE for deposit less than Rs. 2 Crore #
Maturity Slab		General Interest Rate (% p.a.)	Sr. Citizen Interest Rate (p.a. %)
1 year		6.55	7.05
>1 year to 2 years		6.50	7.00
>2 years to < 3 years		6.35	6.85
3 years< 1111 days		6.40	6.90
1111 Days( Utsav Celebrations Deposit)		6.50	7.00
>1111 days< 5years		6.40	6.90
5 years		6.45	6.95
> 5 years - 7years		6.50	7.00

Terms and Conditions for Non-Callable Option:

Deposit Amount : Minimum – Rs.15,00,001 less than Rs. 2 Crore
Pre-mature closure is not permitted.
Overdraft/ Loan is allowed upto 90% of the outstanding Deposit Amount.
Capital Gain and Recurring Deposits are not permitted under this scheme.
Sweep-in / Sweep-out facility is not permitted under this scheme.
Auto-renewal not allowed under this scheme.

General Terms & Conditions:

Tenure for NRO Term Deposit is 07 days to10 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.

Floating Rate Term Deposit
ANCHOR RATE DETAILS (Applicable to FRTD opened wef November 1,2018)
Average of Weighted Avg. Yield of 91 days Treasury Bill Auction undertaken by RBI for Quarter	Anchor Rate (%)	Anchor Rate for Quarter
Between Jul 1 - Sep 30, 2018	6.77	Between Nov 1 - Dec 31, 2018
Between Oct1 - Dec 31, 2018	6.83	Between Jan 1 - March 31, 2019
Between Jan 1 - March 31, 2019	6.47	Between Apr 1 - June 30, 2019
Between Apr 1 - June 30, 2019	6.24	Between July1 - September 30, 2019
Between July1 - September 30, 2019	5.55	Between October1 - December 31, 2019
ANCHOR RATE DETAILS (Applicable to FRTD opened prior to November 1,2018)
Average of Weighted Avg. Yield of 364 days Treasury Bill Auction undertaken by RBI for Quarter	Anchor Rate (%)	Anchor Rate for Quarter
Between January 1 - March 31, 2017	6.23	Between Apr 1 - Jun 30, 2017
Between April 1 - Jun 30, 2017	6.40	Between Jul 1 - Sep 30, 2017
Between Jul 1 - Sep 30, 2017	6.26	Between Oct 1 - Dec 31, 2017
Between Oct 1 - Dec 31, 2017	6.27	Between Jan 1 - Mar 31, 2018
Between Jan 1 - Mar 31, 2018	6.57	Between Apr 1 - Jun 30, 2018
Between Apr 1 - Jun 30, 2018	6.80	Between Jul 1 - Sep 30, 2018
Between Jul 1 - Sep 30, 2018	7.38	Between Oct 1 - Dec 31, 2018
Between Oct 1 - Dec 31, 2018	7.31	Between Jan 1 - March 31, 2019
Between Jan 1 - March 31, 2019	6.64	Between Apr 1 - June 30, 2019
Between Apr 1 - June 30, 2019	6.34	Between July 1 - September 30, 2019
Between July 1 - September 30, 2019	5.82	Between October 1 -December 31, 2019

A) Applicable for New & Renewal of Existing FRTD account opened after Nov 01,2018
RATE APPLICABLE FROM Oct 01, 2019 to Dec 31, 2019 ( 91 -T Bill)
Tenor	Anchor Rate	Mark -up on the average rate	Effective rate for FRTD rate	Senior Citizen
(Years)	(%)	(%)	(%)	(%)
1	5.55	0.50	6.05	6.55
2	5.55	0.50	6.05	6.55
3	5.55	0.50	6.05	6.55
5	5.55	0.40	5.95	6.45
7	5.55	0.20	5.75	6.25
10	5.55	0.20	5.75	6.25
>10 – 20	5.55	0.10	5.65	6.15

B) Applicable for Existing FRTD account opened during August 01, 2014 to Oct 31,2018
RATE APPLICABLE FROM October 01, 2019 to Dec 31, 2019 ( 364 -T Bill)
Tenor	Anchor Rate	Mark -up on the average rate	Effective rate for FRTD rate	Senior Citizen
(Years)	(%)	(%)	(%)	(%)
1	5.82	1.00	6.82	7.32
2	5.82	0.75	6.57	7.07
3	5.82	0.75	6.57	7.07
5	5.82	0.75	6.57	7.07
7	5.82	0.75	6.57	7.07
10	5.82	1.00	6.82	7.32
>10 – 20	5.82	0.65	6.47	6.97

C) Applicable for Existing FRTD account opened prior to August 01, 2014
RATE APPLICABLE FROM Oct 01, 2019 to Dec 31, 2019 ( 364 -T Bill)
Tenor	Anchor Rate	Mark -up on the average rate	Effective rate for FRTD rate	Senior Citizen
(Years)	(%)	(%)	(%)	(%)
1	5.82	1.00	6.82	7.32
2	5.82	1.10	6.92	7.42
3	5.82	1.25	7.07	7.57
5	5.82	1.25	7.07	7.57
7	5.82	1.35	7.17	7.67
10	5.82	1.40	7.22	7.72
>10 – 20	5.82	1.40	7.22	7.72

Terms & Conditions

1. Interest Payment - The interest on the deposit is payable quarterly on the last day of each quarter.
2. Interest Reset - Every 3 months, coinciding with calendar quarters - on April 1, July 1, October 1 and January 1 every year.
3. 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.
4. Tax deduction at source - TDS applicable as per prevalent rules & regulations.
5. 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 -

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.

w.e.f. November 11,2019
Normal Retail Rate	6.25
Senior Citizens	6.75

Maturity Slab	Interest Rate (% p.a.)
	NORMAL	SR. CITIZEN

1 year	6.45	6.95
> 1 year - 2 years	6.40	6.90
>2 years < 3 years	6.25	6.75
3 years to < 5 years	6.25	6.75
5 years	6.25	6.75
> 5 years - 7 years	6.25	6.75
>7 years - 10 years	6.25	6.75

**** No interest shall be paid if Recurring Deposit (RD) is discontinued before three months. If RD is discontinued before one year but kept for at least 3 months with the Bank then Interest rate applicable for Savings Bank shall be paid. In case of premature closure of Recurring Deposit by Sr. Citizen, the additional 50bps applicable to Sr. Citizen shall be made available provided the RD has been with the bank for complete 12 months from the date of the 1st installment.

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.

1. For Bulk Deposits of Rs. 2 crore and above, upto Rs. 5 crore (w.e.f. November 11, 2019)

Maturity Slabs	Rate of Interest (% p.a.)
0-6 Days	NA
7-14 Days	3.50
15-30 days	4.50
31-45 days	4.75
46- 60 days	5.50
61-90 days	5.50
91-6 months	5.60
6 months 1 day - 270 days	5.75
271 days upto< 1 year	6.00
1 year	6.45
> 1 year - 2 years	6.40
>2 years to < 3 years	6.25
3 years to < 5 years	6.25
5 years	6.25
> 5 years - 7 years	6.25
>7 years - 10 years	6.25
>10 years - 20 years	6.00

Penalty for Premature Closure of Bulk Deposits:
For Deposit of Rs. 2 crore to Rs. 5 crore

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. However, penalty for premature withdrawal will not be applicable for FDs booked for a tenor of 7-14 days

2. For Bulk Deposits of above Rs. 5 crore

A	Bulk Deposits (Fixed Rate)	Please contact our nearest branch for rate of interest and terms
B	RBI Policy Repo Rate Linked Bulk Deposits (Non-Callable)

Please contact our nearest branch for rate of interest and terms.

Retail Loans

Interest Rate structure for Structured Retail Asset (SRA) Products

Current RLLR = 8.25%

Plain Vanilla Home Loan
Category	Rate of Interest
Salaried	8.25% - 8.60%
Self Employed	8.35% - 8.80%

Home loan Top Up
Housing purpose	HL ROI + 20 bps
Non Housing purpose	HL ROI + 30 bps

IDBI Neev	Rate of Interest
	8.95% - 9.30%

IDBI Neev 2.0	Rate of Interest
	9.25% - 9.60%

Loan Against Property (LAP)	Rate of Interest
Residential	10.05% - 10.40%
Commercial	10.30% - 10.65%

Loan For Commercial Property Purchase (LCPP)	Rate of Interest
	10.80% - 10.90%

Auto Loan
Credit vision score	Floating ROI
801 and above	8.85%
776 to 800	8.95%
741 to 775	9.05%
700 to 740	9.45%
-1	9.45%
Below 700	N A
Non individual borrower	9.45%

Personal Loan and its variants

Personal Loan Overdraft (Floating)
Pension Account with overdraft facility (For retired IDBI Staff)	9.65%
Salary / Pension Account with overdraft facility(For others)	12.40%

Education Loan

Non-Vocational Courses including students who have secured admission under Management Quota
up to Rs.7.5 lakhs	9.75%
Above Rs. 7.5 lakhs	10.25%
Vocational/ Skill Development Courses
All Amounts	10.15%
Loans for students studying in Premier Education Institutes (including ISB)
All Amounts	8.25%

Home Loan

All loan Amounts

For 3 Year Tenor

For > 3 Year Tenor

10.25%

10.50%

IDBI NEEV ( Plot Loan for House Construction)

Sanction Amount

RoI

Up to ₹ 35 lakh

10.25%

Above ₹ 35 lakh

10.50%

Scheme for Financing Rural/Semi Urban Housing

All loan Amounts

10.35%

Reverse Mortgage Loan (RML)

All loan Amounts

10.85%

The RoI shall be reset every five years with prevailing Fixed Rate for Five Years.

Loan for Commercial Property Purchase (LCPP)

Fixed for 5 years

11.85% for PSL

12.00% for Non PSL

Education Loan to Physically Challenged Persons under NHFDC Guidelines (refinance scheme)

4% p.a. (Fixed) for boy students
3.5% p.a. (Fixed) for girl students
(subject to conditions)

Auto Loan

Four Wheeler (only for new vehicles)

Four Wheeler:
CIBIL Score	Rate of Interest
801 and above	9.20%
776 to 800	9.30%
741 to 755	9.40%
700 to 740	9.80%
-1	9.80%
Below 700	N.A.
Non-Individual Borrower	9.80%
Two Wheeler (High end bikes as per the product norm)
Existing customer (at least 3 months relationship)	9.80%
New customer	9.90%

Personal Loan-Fixed

Credit vision score	Payroll/Salary/Pension Accounts	All other salaried customers	SEP/SENP
801 and above	12.00%	12.25%	13.00%
776 to 800	12.25%	12.50%	13.50%
740 to 755	13.25%	13.50%	14.00%
700 to 739 applicable only for corporate relationships: LIC and its subsidiaries staff, Payroll/Salary relationship, pension accounts, IDBI bank Staff)	13.50%	N.A.
Below 700	N.A.
-1	13.25%	N.A.

For further details please contact your nearest Branch / Retail Asset Centre.sset Centre.

Annual Percentage Rate (APR)

Product	Approx. Annual Percentage Rate (APR)
Home Loan	8.64%
Loan Against Property	10.29%
Auto Loan	9.37%
Personal Loan	13.59%
Education Loan	9.40%

*Terms & Conditions apply

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