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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)	8.35%
Six Month MCLR (HY)	8.50%
One year MCLR (Y)	8.85%
Two Year MCLR (2Y)	8.95%
Three Year MCLR (3Y)	9.10%

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)
	Normal	Sr. Citizen
0-6 Days	NA	NA
7-14 Days	3.50	4.00
15-30 days	5.00	5.50
31-45 days	5.25	5.75
46- 60 days	5.75	6.25
61-90 days	6.00	6.50
91-6 months	6.25	6.75
6 months 1 day - 270 days	6.35	6.85
271 days upto< 1 year	6.50	7.00
1 year	7.10	7.60
> 1 year - 2 years	7.05	7.55
>2 years to < 3 years	6.90	7.40
3 years to < 5 years	6.85	7.35
5 years	6.85	7.35
> 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	6.85	7.35

Non callable Retail Term Deposit –RTD (< 2 Cr)
(w.e.f. July 29, 2019)

Maturity Slab	General Interest Rate (% p.a.)	Sr. Citizen Interest Rate (p.a. %)
1 year	7.20	7.70
>1 year to 2 years	7.15	7.65
>2 years to < 3 years	7.00	7.50
3 years to < 5 years	7.00	7.50
5 years	7.05	7.55
> 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
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

Interest Rate applicable to FRTD opened wef November 1,2018. ( Applicable to New and Renewal FDs opened wef November 1,2018)

RATE APPLICABLE FROM July01, 2019 to Sep 30, 2019 (91Days -T Bill)
Tenor	Anchor Rate	Mark -up on the average rate	Regular Depoistor	Senior Citizen
(Years)	(%)	(%)	(%)	(%)
1	6.24	0.50	6.74	7.24
2	6.24	0.50	6.74	7.24
3	6.24	0.50	6.74	7.24
5	6.24	0.40	6.64	7.14
7	6.24	0.20	6.44	6.94
10	6.24	0.20	6.44	6.94
>10 – 20	6.24	0.10	6.34	6.84

Interest Rate applicable to FRTD opened prior October 31,2018

EFFECTIVE RATE (July 01, 2019 to September 30, 2019) (Rate in % p.a)

Tenor	Anchor Rate	Mark-up (Applicable to existing FRTD opened during August 01,2014 to October 31,2018)	Regular Depositor	Senior Citizen	Mark -up	Regular Depositor	Senior Citizen
(Years)	Anchor Rate		Regular Depositor	Senior Citizen	(Applicable for existing FRTD opened prior to August 01, 2014)	Regular Depositor	Senior Citizen
1	6.64	1.00	7.64	8.14	1.00	7.64	8.14
2	6.64	0.75	7.39	7.89	1.10	7.74	8.24
3	6.64	0.75	7.39	7.89	1.25	7.89	8.39
5	6.64	0.75	7.39	7.89	1.25	7.89	8.39
7	6.64	0.75	7.39	7.89	1.35	7.99	8.49
10	6.64	1.00	7.64	8.14	1.40	8.04	8.54
>10 – 20	6.64	0.65	7.29	7.79	1.40	8.04	8.54

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. October 15, 2018
Normal Retail Rate	6.85
Senior Citizens	7.35

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

1 year	7.10	7.60
> 1 year - 2 years	7.05	7.55
>2 years < 3 years	6.90	7.40
3 years to < 5 years	6.85	7.35
5 years	6.85	7.35
> 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. July 19, 2019)

Maturity Slabs	Rate of Interest (% p.a.)
0-6 Days	NA
7-14 Days	3.50
15-30 days	5.00
31-45 days	5.25
46- 60 days	5.75
61-90 days	6.00
91-6 months	6.25
6 months 1 day - 270 days	6.35
271 days upto< 1 year	6.50
1 year	7.10
> 1 year - 2 years	7.05
>2 years to < 3 years	6.90
3 years to < 5 years	6.85
5 years	6.85
> 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

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

Retail Loans

Interest Rate structure for Structured Retail Asset (SRA) Products
Applicable w.e.f. August 13, 2019

FLOATING RATE LOANS

HOME LOAN & ITS VARIANTS

Home Loan (HL)-Plain Vanilla
Loan amount	Salaried	SEP (Self Employed Professional)	SENP (Self Employed Non-Professional)
Loan amount	(Men/Women)	(A)	(B)
Up to Rs. 35 lakhs	6 M MCLR + 0.10%	6 M MCLR + 0.15%	6 M MCLR + 0.20%
Above Rs. 35 lakhs and up to Rs. 75 lakhs	6M MCLR + 0.30%	6M MCLR + 0.35%	6 M MCLR + 0.40%
Above Rs. 75 lakhs and up to Rs. 125 lakhs	6M MCLR + 0.40%	6M MCLR + 0.45%	6 M MCLR + 0.55%
Above Rs.125 lakhs	6M MCLR + 0.40%	6M MCLR + 0.45%	6 M MCLR + 0.80%

Note :

Card rate would be lower by 5 bps for women customers under SEP (Column A) & SENP (Column B).

Home Loan Interest Saver (HLIS)

All loan Amounts

1Yr MCLR + 0.35%

IDBI NEEV ( Plot Loan for House Construction)

Loan amount

Neev

Neev 2.0

Up to Rs. 35 lakhs

1 Y MCLR + 0.45%

1 Y MCLR + 0.75%

Above Rs. 35 lakhs and up to Rs. 75 lakhs

1 Y MCLR + 0.70%

1 Y MCLR + 1.00%

Above Rs. 75 lakhs

1 Y MCLR + 0.95%

1 Y MCLR + 1.25%

Scheme for Financing Rural/Semi Urban Housing

Loan amount	Salaried (Men/Women)	Self Employed Professionals (SEP) (A)	Self Employed Non-Professionals (SENP) (B)
Up to Rs. 35 lakhs	6 M MCLR + 0.15%	6 M MCLR + 0.20%	6 M MCLR + 0.25%
Note : Card rate would be lower by 5 bps for women customers under SEP (Column A) & SENP (Column B).

TOP UP LOANS

For home loan customers

For top-up amount upto 100% of the original sanction –

For housing purpose : Prevailing Home Loan Rate/ Product rate + 0.10%
For non housing purpose : Prevailing Home Loan Rate / Product Rate + 0.20%

LOAN AGAINST PROPERTY & ITS VARIANTS

Loan Against Property (LAP)/ Loan Against Rent Receivable (LARR) (Floating)/ Loan Against Rent Receivable (LARR) to landlords of IDBI Bank

Up to ₹ 2 Cr.: 1 Yr. MCLR+ 1.25%

Above ₹ 2 Cr. - ₹ 5 Cr. : 1Yr. MCLR + 1.60%

Above ₹ 5 Cr :1 Yr. MCLR + 1.75%

Loan to the landlords of IDBI Bank Ltd for Setting up of Currency Chests against future rent receivables

If interest serviced during Pre-EMI/ Moratorium Period

If interest not serviced during Pre-EMI/ Moratorium Period

1 Yr. MCLR +1.65%

1 Yr. MCLR +1.90%

Loan Against Property- Overdraft(LAP-OD)/Loan against Property-Interest Saver (LAP-IS)

1 Yr. MCLR +1.65% for PSL

1 Yr. MCLR + 2.15% for Non PSL

Loan for Commercial Property Purchase (LCPP)

1 Yr. MCLR +1.90% for PSL

1 Yr. MCLR + 2.15% for Non PSL

Turnover Based
Loan Against Property and its variants

1 Yr. MCLR + 3.35%for PSL

1 Yr. MCLR + 3.45% for Non PSL

EDUCATION LOAN & ITS VARIANTS

Non-Vocational Courses including students who have secured admission under Management Quota

Sanction amount up to Rs.10 lakhs

1 Yr MCLR+0.85%

Sanction amount above Rs. 10 lakhs

1 Yr. MCLR+1.45%

Vocational/ Skill Development Courses

All Amounts

1Yr. MCLR+ 1.35%

Loans for students studying in Premier Education Institutes (including ISB)

All Amounts

6M MCLR+0.05%

PERSONAL LOAN & ITS VARIANTS

Pension Account with overdraft facility (For retired IDBI Staff)

1 Yr MCLR+1.15%

Salary / Pension Account with overdraft facility (For others)

1 Yr MCLR+3.90%

FIXED RATE LOANS

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%
751 to 800	9.30%
701 to 750	9.40%
650 to 700	9.80%
-1,1 to 5	9.80%
Below 650	Cases not to be considered
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 and its variants

CIBIL Score Range	Payroll Accounts	All Other Salaried Customer	SEP/SENP having Asset /Liability Relationship
801 and above	12.00%	12.25%	13.00%
751 to 800	12.25%	12.50%	13.50%
700 to 750	13.25%	13.50%	14.00%
-1 and 1 to 5	13.25%	Cases not to be considered
Below 700	Cases not to be considered

For further details please contact your nearest Branch / Retail Asset 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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