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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. November 18 ,2020)

Saving Balance	Rate of Interest (% p.a.)
Less than Rs. 50 lakh	3.00%
Rs. 50 lakh and above	3.50%

With effect from February 1,2021, Interest Rate on Savings Deposits will be calculated basis incremental balance slabs.

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

9.65%

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

14.15%

Tenor	MCLR
Overnight MCLR	7.05%
One Month MCLR (1M)	7.25%
Three Month MCLR (Q)	7.30%
Six Month MCLR (HY)	7.45%
One year MCLR (Y)	7.80%
Two Year MCLR (2Y)	8.15%
Three Year MCLR (3Y)	8.60%

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
07-14 days	2.90	3.40
15-30 days	2.90	3.40
31-45 days	3.00	3.50
46- 60 days	3.25	3.75
61-90 days	3.25	3.75
91-6 months	3.80	4.30
6 months 1 day to 270 days	4.30	4.80
271 days upto< 1 year	4.30	4.80
1 year	5.00	5.50
> 1 year - 2 years	5.10	5.60
>2 years to < 3 years	5.10	5.60
3 years to to < 5years	5.10	5.60
5 years	5.10	5.60
> 5 years - 7 years	5.10	5.60
>7 years - 10 years	5.10	5.60
>10 years - 20 years $	4.80	5.30
	Tax Saving FD
5 years	5.10	5.60

$ Maturity bucket is eligible only for deposits from following beneficiaries (with effect from January 1st, 2021).

Awards from Motor Accident Tribunal / Courts / Other Judicial/ Statutory Bodies
Specific Cases of margin money for Bank Guarantees

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Interest payable on prematurely withdrawn deposits will be the rate applicable for the amount and the period for which the deposit remained with the Bank (rate applicable for that tenure on the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 FRTDs 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 applicable for Quarter
Jan 1 - March 31, 2019	6.47	Apr 1 - June 30, 2019
Apr 1 - June 30, 2019	6.24	July1 - September 30, 2019
July1 - September 30, 2019	5.55	October1 - December 31, 2019
October1 - December 31, 2019	5.05	January 1-March 31,2020
January 1-March 31,2020	5.00	April 01-June 30,2020
April 01-June 30,2020	3.54	July 01-Septemeber 30,2020
July 01-Septemeber 30,2020	3.24	Oct 01-December 31,2020
Between Oct 01-Dec 31,2021	3.12	Between January 01-March 31,2021

ANCHOR RATE DETAILS (Applicable to FRTD opened up to October,2018)
Average of Weighted Avg. Yield of 364-Days Treasury Bill Auction undertaken by RBI for Quarter	Anchor Rate (%)	Anchor Rate applicable for Quarter
Jan 1 - March 31, 2019	6.64	Apr 1 - June 30, 2019
Apr 1 - June 30, 2019	6.34	Jul 1 - Sep 30, 2019
Jul 1 - Sept 30, 2019	5.82	Oct 1 -Dec 31, 2019
Oct 1 -Dec 31, 2019	5.27	Jan 1-Mar 31,2020
Jan 1-Mar 31,2020	5.22	Apr 01-Jun 30,2020
Apr 01-Jun 30,2020	3.77	Jul 01-Sep 30,2020
Jul 01-Sep 30,2020	3.54	Oct 01-Dec 31,2020
Between Oct 01-Dec 31,2020	3.45	Between January 01-March 31,2021

A) Applicable for New & Renewal of Existing FRTD accounts opened after Nov 01,2018
With effect from January 01, 2021 to March 31, 2021 ( 91 -T Bill)
Tenor	Anchor Rate	Mark -up on average rate	Effective rate for FRTD	Senior Citizen
(Years)	(%)	(%)	(%)	(%)
1	3.12	0.50	3.62	4.12
2	3.12	0.50	3.62	4.12
3	3.12	0.50	3.62	4.12
5	3.12	0.40	3.52	4.02
7	3.12	0.20	3.32	3.82
10	3.12	0.20	3.32	3.82
>10 – 20 $	3.12	0.10	3.22	3.72

B) Applicable for Existing FRTD accounts opened during August 01, 2014 to Oct 31,2018
Rate with effect from January 01, 2021 to March 31, 2021 ( 364 -T Bill)
Tenor	Anchor Rate	Mark -up on average rate	Effective rate for FRTD	Senior Citizen
(Years)	(%)	(%)	(%)	(%)
1	3.45	1.00	4.45	4.95
2	3.45	0.75	4.20	4.70
3	3.45	0.75	4.20	4.70
5	3.45	0.75	4.20	4.70
7	3.45	0.75	4.20	4.70
10	3.45	1.00	4.45	4.95
>10 – 20	3.45	0.65	4.10	4.60

C) Applicable for Existing FRTD accounts opened prior to August 01, 2014
Rate with effect from January 01, 2021 to March 31, 2021 ( 364 -T Bill)
Tenor	Anchor Rate	Mark -up on average rate	Effective rate for FRTD	Senior Citizen
(Years)	(%)	(%)	(%)	(%)
1	3.45	1.00	4.45	4.95
2	3.45	1.10	4.55	5.05
3	3.45	1.25	4.70	5.20
5	3.45	1.25	4.70	5.20
7	3.45	1.35	4.80	5.30
10	3.45	1.40	4.85	5.35

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 18, 2020
Normal Retail Rate	5.10
Senior Citizens	5.60

Maturity Slab	Interest Rate (% p.a.)
Maturity Slab	NORMAL	SR. CITIZEN
1 year	5.00	5.50
> 1 year - 2 years	5.10	5.60
>2 years to < 3 years	5.10	5.60
3 years to < 5 years	5.10	5.60
5 years	5.10	5.60
> 5 years - 7 years	5.10	5.60
>7 years - 10 years	5.10	5.60

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.

Maturity Slabs	Rate of Interest (% p.a.)
0-6 Days	NA
07-14 days	2.90
15-30 days	2.90
31-45 days	2.90
46- 60 days	2.90
61-90 days	2.90
91-6 months	2.90
6 months 1 day to 270 days	3.00
271 days upto< 1 year	3.10
1 year	3.60
> 1 year - 2 years	3.60
>2 years to < 3 years	3.75
3 years to < 5 years	3.75
5 years	3.75
> 5 years - 7 years	3.75
>7 years - 10 years	3.75

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

RLLR SRA =6.90% for new loans w.e.f December 12, 2020

Plain Vanilla Home Loan
Category	Rate of Interest
Salaried/Self Employed Professional	6.90% - 8.40%
Self Employed Non-Professional	7.15% - 9.90%

Home loan Top Up
Housing purpose	HL ROI + 40 bps

Home loan Interest Saver
Salaried/Self Employed Professional	7.40%-8.90%
Self Employed Non-Professional	7.65%-10.40%

IDBI Neev (Plot Loan for House Construction)	Rate of Interest
	7.60% - 8.20%

IDBI Neev 2.0 (Plot Loan for House Construction)	Rate of Interest
	7.90% - 8.50%

Loan Against Property (LAP)	Rate of Interest
Residential Property	8.75% - 9.10%
Commercial Property	9.00% - 9.35%

Loan For Commercial Property Purchase (LCPP)	Rate of Interest
	9.50% - 9.60%

Auto Loan
Credit vision score	Floating ROI
801 and above	7.50%
776 to 800	7.60%
741 to 775	7.70%
700 to 740	8.10%
-1	8.10%
Below 700	N A
Non individual borrower	8.10%

Personal Loan and its variants

Personal Loan Overdraft (Floating)
Pension Account with overdraft facility (For retired IDBI Staff)	8.30%
Salary / Pension Account with overdraft facility (For others)	11.05%

Education Loan

Non-Vocational Courses including students who have secured admission under Management Quota
Up to Rs.7.5 lakhs	8.40%
Above Rs. 7.5 lakhs	8.90%
Vocational/ Skill Development Courses
All Amounts	8.80%
Loans for students studying in Premier Education Institutes (including ISB)
All Amounts	6.90 %

Loan against Securities	Rate of Interest
	7.90% - 8.90%

Home Loan

All loan Amounts

For 3 Year Tenor

For > 3 Year Tenor

9.85%

10.10%

IDBI NEEV ( Plot Loan for House Construction)

Sanction Amount

RoI

Up to ₹ 35 lakh

10.00%

Above ₹ 35 lakh

10.25%

Scheme for Financing Rural/Semi Urban Housing

All loan Amounts

9.60%

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)
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

Auto Loan-Fixed

Four Wheeler (only for new vehicles)

Credit vision score	Rate of Interest
801 and above	9.20%
776 to 800	9.30%
741 to 775	9.40%
700 to 740	9.80%
-1	9.80%
Below 700	NA
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 775	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%	NA
Below 700	NA
-1	13.25%	NA

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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