IDBI Bank FD Calculator

IDBI Bank Fixed Deposits Explained

This IDBI Bank FD calculator applies the quarterly compounding IDBI uses, so the maturity figure matches the bank's own working. IDBI has an unusual lineage among Indian banks: it began in 1964 as the Industrial Development Bank of India, a development finance institution rather than a retail lender, converted to a commercial bank in 2004, and was reclassified by the RBI as a private sector bank in January 2019 after Life Insurance Corporation took a controlling stake. Deposits carry the same DICGC cover of ₹5 lakh per depositor that applies at any other bank.

IDBI Bank FD Schemes You Can Open

IDBI groups its deposits by how interest is treated and by the lock-in attached:

• •IDBI Fixed Deposit (cumulative and non-cumulative) — The standard pair — reinvest the interest to compound it, or draw it monthly or quarterly as income.
• •Tax-saving deposit (5-year) — The five-year lock-in variant qualifying under Section 80C, within the ₹1,50,000 annual ceiling. It cannot be closed early or pledged.
• •Senior citizen deposit — Carries the rate premium IDBI extends to resident depositors aged 60 and above, applied on top of the card rate for eligible tenures.
• •Special-tenure deposits — IDBI periodically issues fixed-duration deposits at their own rate card. These rotate, so check what is currently open on GO Mobile+ or at a branch rather than assuming a scheme you saw earlier still exists.

IDBI Bank FD Tenure Slabs and Deposit Rules

Tenure decides how the interest is worked out, not just how long the money is tied up. Below roughly six months there is no completed quarter, so interest is simple; past that it compounds quarterly.

How to Check IDBI Bank FD Interest Rates

IDBI Bank FD rates are quoted per tenure slab and revised as policy and funding needs shift, so a one-year and a three-year deposit opened on the same morning can price differently.

IDBI publishes its domestic term deposit card on idbibank.in and inside the GO Mobile+ app, quoted per tenure slab with a separate senior citizen column and any special-tenure buckets listed alongside. Because the buckets are narrow, a deposit moved a few days across a boundary can price differently.

Take the current IDBI Bank fixed deposit rates for your exact tenure from the official card, then enter that number above.

What Is Specific to an IDBI Bank FD

• •The LIC shareholding since 2019 makes IDBI unusual — a bank classified as private sector but majority-held by a state-owned insurer.
• •Its development-banking origins mean a corporate and project-finance history far longer than its retail deposit business.
• •GO Mobile+ handles the full deposit lifecycle, from opening and renewal instructions through to premature closure.
• •DICGC cover of ₹5 lakh per depositor applies exactly as it does at any public sector bank, despite the private sector classification.
• •A loan or overdraft against the deposit is available, priced above your contracted deposit rate.

Take the rate IDBI Bank quotes for your chosen tenure and enter it above to see the exact maturity value and how the interest accrues year by year.

Compare lenders on the master FD calculator, or a monthly commitment on the RD calculator.