IDBI Bank: IDBI Bank extends the deadline for this special FD with a festive bang...

IDBI Bank has made a significant announcement for fixed deposit (FD) investors. The bank has extended the deadline for its popular Utsav Fixed Deposit scheme to March 31, 2026. The bank has also revised the interest rates on its term deposits and special schemes. The new rates are effective from September 19, 2025.

According to the bank, general investors will now receive interest rates ranging from 3% to 6.55% on FDs, while senior citizens will receive interest rates ranging from 3.50% to 7.05%. Super senior citizens (above 80 years of age) will receive the highest interest rate of 7.30% under the "Chiranjeevi FD" scheme.

New FD Interest Rates
IDBI Bank has released revised interest rates on its FDs of various tenures. These rates vary for both general customers and senior citizens.

IDBI Bank FD Interest Rates (effective September 19, 2025)
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. Utsav) 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 (1111d) 6.35 6.85

Utsav FD Scheme

IDBI Bank's special Utsav FD scheme is very popular among investors. It offers higher interest rates for three specific tenures.

444 days: 6.60% for general investors and 7.10% for senior citizens
555 days: 6.65% for general investors and 7.15% for senior citizens
700 days: 6.50% for general investors and 7.00% for senior citizens

Chiranjeevi FD for Super Senior Citizens
The bank has launched a scheme called Chiranjeevi FD for super senior citizens (aged 80 years and above).

7.25% on 444-day FDs
7.30% on 555-day FDs
7.15% on 700-day FDs

Rules for premature FD termination
If an investor breaks their FD before maturity, they will be charged a 1% penalty. Whether it's a partial withdrawal or a sweep-in, interest will be accrued based on the period the deposit remained with the bank, minus 1%.

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