IDBI Bank has made an important announcement for fixed deposit (FD) investors.
The bank has extended the deadline for its popular Utsav FD scheme to March 31, 2026.
Along with this, the bank has revised interest rates on its term deposits and special schemes, effective September 19, 2025.
For general investors, FD interest rates now range from 3% to 6.55%, while senior citizens can earn 3.50% to 7.05%.
Super senior citizens (above 80 years) can get the highest rate of 7.30% under the “Chiranjeevi FD” scheme.
New Interest Rates on IDBI Bank FDs
IDBI Bank has updated FD interest rates for different tenures. Rates differ for general customers, senior citizens, and super senior citizens.
| Maturity Slab | General Customers (%) | Senior Citizens (%) |
|---|---|---|
| 07-30 days | 3 | 3.5 |
| 31-45 days | 3.25 | 3.75 |
| 46-60 days | 4.5 | 5 |
| 61-90 days | 5 | 5.25 |
| 91 days – 6 months | 6 | 6 |
| 6 months 1 day – 270 days | 6 | 6.25 |
| 271 days – <1 year | 6 | 6.5 |
| 1-2 years (excl. Festival) | 6.55 | 7.05 |
| 2-3 years | 6.55 | 7.05 |
| 3-5 years | 6.35 | 6.85 |
| 5-10 years | 5.95 | 6.45 |
| 10-20 years | 4.8 | 5.3 |
| Tax Saving FD (5Y) | 6.35 | 6.85 |
| Vasundhara Green (1111 days) | 6.35 | 6.85 |
Utsav FD Scheme
IDBI Bank’s Utsav FD scheme is popular because it offers higher interest rates for three specific tenures:
444 days: 6.60% for general investors, 7.10% for senior citizens
555 days: 6.65% for general investors, 7.15% for senior citizens
700 days: 6.50% for general investors, 7.00% for senior citizens
Chiranjeevi FD for Super Senior Citizens
The bank has also introduced Chiranjeevi FD for super senior citizens (above 80 years):
444 days: 7.25%
555 days: 7.30%
700 days: 7.15%
Premature Withdrawal Rules
If an investor breaks an FD before maturity:
A 1% penalty will be applied.
For partial withdrawals or sweep-in, interest will be calculated based on the actual period held, minus 1%.
