Product Details
Bank Name
IDBI Bank
Eligibility
Individuals and HUF
Interest Rate
3 to 7% per annum,
Tenure
7 days to 20 years.
Fixed Deposit Type
Regular
Suvidha Fixed Deposit
Tax Benefits
No
Credit Ratings
CRISIL AA+/Stable
Interest Payment Frequency
Monthly/Quarterly/Annual. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit
Cummulative/Non-Cummulative
Both
Features
Minimum deposit of 10,000.
Link your savings account with multiple Fixed Deposits. If there are no funds in the savings account then the same can be broken from the Fixed Deposit through a debit card or a cheque. The Fixed Deposit booked last will be broken first.
Loan facility is available.
Minimum Investment Amount
10,000
Features & Benefits
Pros
Sweep-in facility for Fixed Deposits.
Additional concession for senior citizens.
Tenure of up to 20 years.
Cons
High minimum deposit requirements.
Pros & Cons
Account Opening Procedure
How to Open?
01. Get In Touch
Call on our Phone Banking numbers Toll Free -
1800-209-4324
1800-22-1070 (24x7 service)
02. Visit Our Branch
Visit the nearest branch.
Find the Nearest Branch
03. Receive a Call Back
Our representative will contact you at the earliest.
Application Procedure
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