IDBI Bank Revises FD Interest Rates Ahead of Navratri, Extends Utsav FD Scheme

Giving its customers a festive cheer ahead of Navratri, IDBI Bank has revised interest rates on Fixed Deposits (FDs) effective September 19, 2025. The bank has also extended its popular Utsav Fixed Deposit Scheme until March 31, 2026, offering higher returns across different tenures. This revision is expected to benefit regular investors, senior citizens, and even “super seniors” above the age of 80.

New FD Rates Across Tenures

According to the bank’s official website, the revised rates apply to retail term deposits below ₹3 crore. The interest rates now range between 3% and 6.55% for general customers, while senior citizens will earn between 3.50% and 7.05%, depending on the tenure.

• 7–30 days: 3% (general) | 3.50% (seniors)

• 91 days–6 months: 5.50% (general) | 6% (seniors)

• 1–2 years: 6.55% (general) | 7.05% (seniors)

• 3–5 years: 6.35% (general) | 6.85% (seniors)

• 5–10 years: 5.95% (general) | 6.45% (seniors)

The highest return of 6.55% for regular investors and 7.05% for seniors will be available on deposits ranging from 1 to 2 years.

Utsav FD Scheme Extended

IDBI Bank’s Utsav FD scheme, which was earlier set to expire on September 30, 2025, has now been extended until March 31, 2026. The scheme offers attractive interest rates for special tenures of 444, 555, and 700 days.

• General investors: 6.50% – 6.65%

• Senior citizens: 7% – 7.15%

This extension provides customers with more flexibility and the opportunity to lock in better returns during the festive season.

Special Gift for Super Seniors

In a thoughtful move, the bank has also introduced the Chiranjivi FD scheme exclusively for investors aged 80 years and above. Under this plan, super seniors can earn up to 7.30% interest on a 555-day deposit, making it one of the most rewarding options available in the market for this age group.

Premature Withdrawal Penalty

The bank has clarified that premature closure of FDs will attract a 1% penalty. The applicable interest rate in such cases will be calculated based on the prevailing rate on the original date of booking and the actual period the deposit remained with the bank.

A Safe and Rewarding Investment Option

Fixed deposits continue to remain one of the most trusted investment avenues in India, especially for risk-averse individuals. With the revised interest rates, IDBI Bank aims to provide higher returns with safety, making it an attractive option for customers looking to grow their savings.

The latest changes are particularly beneficial for senior and super senior citizens, who now have access to some of the most competitive FD rates in the market. Just ahead of the festive season, this revision is being seen as a timely financial gift for depositors.