Fixed Deposit : Fixed deposits (FDs) have long been the safest investment option for ordinary people. IDBI Bank has announced good news for its customers. The bank has revised its FD interest rates effective September 19, 2025.
It has also extended its popular Utsav Fixed Deposit scheme until March 2026. This change will benefit ordinary investors, senior citizens, and super seniors.
New FD rates
According to the bank’s website, the new rates will apply to retail term deposits of less than ₹3 crore. General customers will now receive interest ranging from 3% to 6.55%. Senior citizens will receive interest ranging from 3.50% to 7.05%. General customers will receive the highest interest rate of 6.55% for terms of 1 to 3 years, while senior citizens will receive 7.05% for the same period.
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FD Rates
- 7-30 days: General customers 3%, Senior 3.50%
- 91 days-6 months: General customers 5.50%, Senior 6%
- 1-2 years: General customers 6.55%, Seniors 7.05%
- 3-5 years: General customers 6.35%, Seniors 6.85%
- 5-10 years: General customers 5.95%, seniors 6.45%
Utsav FD Scheme
IDBI’s Utsav FD deadline has been extended from September 30, 2025, to March 31, 2026. FDs with maturities of 444, 555, and 700 days will receive special interest rates. General customers will receive interest rates ranging from 6.50% to 6.65%, while senior citizens will receive interest rates ranging from 7% to 7.15%.
Special gift for super seniors
The bank has launched Chiranjeevi FD for investors aged 80 years and above. Super seniors will earn up to 7.30% interest on deposits of up to 555 days.
Penalty for premature breaking
The bank has clarified that if an investor breaks an FD prematurely, they will be charged a 1% penalty. Interest will be calculated based on the rate applicable to the day the FD was opened and the number of days it has been in effect. Overall, IDBI Bank’s new FD rates offer investors the opportunity for safe investments with higher returns. This is a significant gift, especially for seniors and super seniors, ahead of the holidays.
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