By IndiaHub 
IDBI Bank Utsav Fixed Deposit
The special Utsav Callable FD tenures of 444, 555, and 700 days offer high interest rates The rates are:
444 days: 7.10% (general), 7.60% (senior)
555 days: 7.15% (general), 7.65% (senior)
700 days: 7.00% (general), 7.50% (senior)
The above rates are effective till June 30, 2025.
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| Special Buckets | General/NRE/NRO | Senior Citizens |
| 444 Days | 7.1 | 7.6 |
| 555 Days | 7.15 | 7.65 |
| 700 Days | 7 | 7.5 |
Note that the Utsav FD tenures of 300 days and 375 days have been discontinued from April 16, 2025.
Earlier, the bank was offering 7.25% on 444-day tenure for general citizens, 7.75% for senior citizens. On a tenure of 555 days, the bank offers 7.3% for general citizens and 7.8% for senior citizens.
Latest IDBI Bank FD rates
IDBI Bank has also revised its term deposit interest rates for deposits less than Rs 3 crore. After revision, the bank offers FD interest rate between 3% and 7% (excluding special deposits) for general citizens. For senior citizens, the bank offers between 3.50% and 7.50% for tenures between 7 days and 10 years. The revised rates are effective from May 16, 2025.
| Interest Rate (% p.a.) | ||
| Retail Term Deposits ( | ||
| Maturity Slab | General Customers | Sr. Citizen |
| 0-6 Days | NA | NA |
| 07-30 days | 3 | 3.5 |
| 31-45 days | 3.25 | 3.75 |
| 46- 60 days | 4.5 | 5 |
| 61- 90 days | 4.75 | 5.25 |
| 91 days to 6 months | 5.5 | 6 |
| 6 months 1 day to 270 Days | 6 | 6.5 |
| 271 days to | 6.25 | 6.75 |
| 1 Year to 2 Years | 6.8 | 7.3 |
| (except 444 Days, 555 days & 700 Days) | ||
| > 2 Years to | 7 | 7.50 |
| 3 years to 5 years | 6.5 | 7 |
| >5 years to 10 years | 6.25 | 6.75 |
| >10 years to 20 years$ | 4.8 | 5.30 |
| Tax Saving FD | ||
| 5 Years | 6.5 | 7 |
For tax-saving FDs with a 5-year lock-in period, the interest stands at 6.50% for general customers and 7.00% for senior citizens.
IDBI Chiranjeevi-Super Senior Citizen FD
IDBI Chiranjeevi-Super Senior Citizen FD exclusive for resident individuals aged 80 years. Super senior citizens investing in a tenure of 444 days, the interest rate offered is 7.75% per annum. Interest rate for the 555-day deposit can earn a return at 7.80%, while the 700-day deposit offers an interest rate of 7.65% per annum.
| Special Buckets | Senior Citizens |
| 444 Days | 7.75 |
| 555 Days | 7.8 |
| 700 Days | 7.65 |
Savings account interest rate update:
From May 16, 2025, interest rates on savings bank account balances have been revised. For balances up to Rs 1 lakh, the rate remains 2.70% per annum. Balances above Rs 1 lakh and up to Rs 5 crore will earn 2.75% p.a. Accounts holding between Rs 5 crore and Rs 100 crore will now earn 3.25% p.a.
For balances exceeding Rs 1,000 crore, floating interest rates linked to MIBOR (Mumbai Interbank Offered Rate) will apply starting June 1, 2025. The applicable rates vary as follows:
Rs 1,000–1,500 crore: MIBOR +10 bps
Rs 1,500–2,000 crore: MIBOR +40 bps
Rs 2,000–5,000 crore: MIBOR +70 bps
Over Rs 5,000 crore: MIBOR +55 bps
Note that MIBOR-linked interest will apply to the entire balance above Rs 1 lakh if the end-of-day balance exceeds Rs 1,000 crore.