IDBI Bank has revised its fixed deposit interest rates and extended the deadline for its Utsav FD scheme to March 31, 2026. General investors will receive interest rates of up to 6.65%, while senior citizens will get up to 7.15% and super senior citizens will get up to 7.30%..
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IDBI Bank has made an important announcement for those who invest in fixed deposits (FDs). The bank has extended the deadline for its popular Utsav Fixed Deposit scheme to March 31, 2026. Additionally, the bank has also revised the interest rates for 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 fixed deposits, while senior citizens will get 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 Interest Rates on Fixed Deposits
IDBI Bank has announced revised interest rates on its fixed deposits of various maturities. These rates are differentiated for general customers and senior citizens.
IDBI Bank FD Interest Rates (Effective from 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 quite popular among investors. It offers higher interest rates on three specific tenure periods.
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 also launched a scheme called Chiranjeevi FD for super senior citizens (those aged 80 years and above).
7.25% on 444-day FD
7.30% on 555-day FD
7.15% on 700-day FD
Rules for Premature Closure of FD
If an investor closes their FD before maturity, a penalty of 1% will be levied. Whether it’s a partial withdrawal or a sweep-in, the interest will be calculated based on the actual number of days the deposit was held with the bank, and 1% will be deducted from that amount.
