What is the highest IDBI Bank FD rate for senior citizens?

The highest IDBI Bank Senior Citizen FD rate is 7.00% p.a. on deposit for the tenure of 2 to3 years.

Is IDBI Bank FD Safe for Senior Citizens?

IDBI Bank fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from an IDBI Bank FD?

Yes, IDBI Bank offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open an IDBI Bank Senior Citizen FD?

The minimum amount required to open an IDBI Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on IDBI Bank Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on IDBI Bank Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

IDBI Bank Senior Citizen Fixed Deposit Rates

Name: IDBI Bank Senior Citizen FD Rates
Brand: Interest Rates
Rating: 4.9 (6206 reviews)

IDBI Bank offers attractive FD rates for senior citizens ranging from 3.50% to 7.00% p.a. across tenures of 7 days to 10 years. Continue reading for the latest IDBI Bank Senior Citizen FD rates for senior citizens.

IDBI Bank Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	7.00%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available
Loan Against FD	Up to 90% of the fixed deposit amount.

IDBI Bank Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of IDBI Bank Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options

Tenure	Senior Citizen FD Rates (per annum)
0-6 Days	NA
07-30 days	3.50%
31-45 days	3.65%
46- 60 days	4.85%
61- 90 days	5.10%
91 days to 6 months	5.85%
6 months 1 day to 270 Days	6.00%
271 days to < 1 year	6.30%
1 Year	6.70%
>1 Year to 2 Years (except 555 days & 700 Days)	6.75%
> 2 Years to <3years	7.00%
3 years to <5 years	6.85%
5 years	6.75%
>5 years to 7 years	6.45%
>7 years to 10 years	6.40%
>10 years to 20 years$	5.30%

Use the IDBI Bank FD Calculator below to estimate the maturity amount and interest earned on your IDBI Bank fixed deposit based on your investment amount, tenure, and applicable FD rate.

Special FD Schemes for Senior Citizens at IDBI

In addition to regular fixed deposits, IDBI offers special FD schemes for senior citizens. Check the latest IDBI senior citizen FD schemes and interest rates below.

IDBI Chiranjeevi FD Scheme

Scheme

Super Senior Citizen FD Rates

(per annum)

IDBI Chiranjeevi

7.05% (555 Days)

7.10% (700 Days)

IDBI Chiranjeevi is a special fixed deposit scheme for super senior citizens (80 years and above) that provides additional interest benefits across all tenures. The scheme's standout offerings include 555-day and 700-day FDs, which currently earn up to 7.05% p.a. and 7.10% p.a., respectively, making them attractive options for senior investors seeking higher returns.

Compare IDBI Bank Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than IDBI Bank for specific tenures. The table below compares IDBI Bank senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
IDBI Bank	7.00% (2 to 3 Years)
Shivalik Small Finance Bank	8.50% (23 to 27 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (2 to 3 Years)
Mahindra Finance	7.80% (48 to 60 Months)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Indusind Bank	7.75% (2 to 3 Years)
Slice Small Finance Bank	7.75% (18 Months 1 day to 18 Months 2 day
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
Bank of India	7.60% (3 years)
ICICI Housing Finance	7.10% (45 Months)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Bank of Baroda	7.25% (555 Days)