Fixed Deposits (FDs) are considered one of the safest investment options for common people. IDBI Bank has announced new FD interest rates effective from September 19, 2025.
Along with this, the bank has also extended its Utsav Fixed Deposit scheme till March 2026. These changes will benefit regular investors, senior citizens, and super seniors.
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New FD Interest Rates
The revised rates apply to retail term deposits of less than ₹3 crore.
General customers: 3% to 6.55%
Senior citizens: 3.50% to 7.05%
The highest rate for general customers is 6.55% for 1–3 years, while senior citizens will get 7.05% for the same period.
Detailed FD Rates:
7–30 days: General 3%, Seniors 3.50%
91 days–6 months: General 5.50%, Seniors 6%
1–2 years: General 6.55%, Seniors 7.05%
3–5 years: General 6.35%, Seniors 6.85%
5–10 years: General 5.95%, Seniors 6.45%
Utsav FD Scheme
The Utsav FD scheme has been extended from September 30, 2025, to March 31, 2026.
Special maturity periods: 444, 555, and 700 days
General customers: 6.50%–6.65%
Senior citizens: 7%–7.15%
Special Benefits for Super Seniors
IDBI has introduced the Chiranjeevi FD for investors aged 80 years and above.
Super seniors can earn up to 7.30% interest on deposits with a maturity of up to 555 days.
Penalty on Premature Withdrawal
If an FD is broken before maturity, a 1% penalty will apply. The interest will be calculated as per the applicable rate on the day the FD was opened and the number of days completed.