top of page
Product Details
Bank Name

IDBI Bank

Eligibility

Individuals / HUF

Interest Rate

6.25 to 6.50% per annum.

Tenure

3 to 10 years.

Fixed Deposit Type

Recurring

Systematic Savings Plan Plus (SSP+)

Systematic Savings Plan Plus (SSP+)

Tax Benefits

None 

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 3 years to 10 years.

  • The deposit can be started with a minimum amount of Rs. 5000 and the maximum deposit amount can be 2 crores.

  • Complimentary Personal Accidental Insurance Cover upto Rs.5 lakhs.

Minimum Investment Amount

5000

Fees and Charges
Pros
  • Additional concession for senior citizens.

  • Complimentary Personal Accidental Insurance Cover upto Rs.5 lakhs.

Cons
  • The maximum deposit limit is 2 crores. 

Pros & Cons
Account Opening and 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

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Product Review
bottom of page