Product Details
Bank Name
IDBI Bank
Eligibility
Individuals / HUF
Interest Rate
6.25 to 7% per annum.
Tenure
1 to 10 years.
Fixed Deposit Type
Recurring
Systematic Savings Plan (SSP)
Tax Benefits
No
Credit Ratings
CRISIL AA+/Stable
Interest Payment Frequency
At maturity. 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
Cumulative
Features
The period of deposit can be from 1 year to 10 years.
The deposit can be started with a minimum amount of Rs. 500 and the maximum deposit amount can be 2 crores.
Minimum Investment Amount
500
Features & Benefits
Pros
Minimum deposit of Rs 500.
Additional concession for senior citizens.
Cons
The maximum deposit limit is 2 crores.
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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