Idbi Bank Fixed Deposit Rates Calculator

Calculate your maturity amount and interest earned accurately

Total Interest Earned ₹ 7,186

Maturity Amount ₹ 1,07,186

Understanding IDBI Bank Fixed Deposits

IDBI Bank offers a variety of Fixed Deposit (FD) schemes designed to cater to different financial needs, ranging from short-term liquidity to long-term wealth creation. Fixed Deposits are one of the safest investment avenues in India, offering a guaranteed rate of return over a fixed period.

How the IDBI FD Interest is Calculated

IDBI Bank generally follows the quarterly compounding method for reinvestment deposits. This means the interest is calculated every three months and added back to your principal, allowing you to earn interest on interest. For deposits with a tenure of less than 6 months, simple interest is usually applied at maturity.

The formula used for quarterly compounding is:

A = P * (1 + r/n)^(n*t)

• A: Maturity Amount
• P: Principal Deposit Amount
• r: Annual Interest Rate (as a decimal)
• n: Number of compounding periods per year (4 for quarterly)
• t: Total tenure in years

IDBI Bank FD Features & Benefits

Feature	Details
Minimum Tenure	7 Days
Maximum Tenure	20 Years
Senior Citizen Benefit	Additional 0.50% interest rate
Premature Withdrawal	Allowed with nominal penalty

Example Calculation

If you deposit ₹ 5,00,000 in an IDBI Fixed Deposit for 3 years at an annual interest rate of 6.50% (compounded quarterly):

• Principal: ₹ 5,00,000
• Tenure: 3 Years
• Interest Rate: 6.50%
• Maturity Amount: ₹ 6,06,711
• Wealth Gained: ₹ 1,06,711

Frequently Asked Questions (FAQ)

1. Is TDS applicable on IDBI FDs?
Yes, TDS is applicable if the interest earned across all branches of IDBI Bank exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.

2. Can I get a loan against my FD?
Yes, IDBI Bank typically offers loan/overdraft facilities up to 90% of the deposit amount, allowing you to meet urgent cash needs without breaking the FD.

3. What are the IDBI "Utsav" Callable FD rates?
IDBI often launches special tenure schemes like 'Utsav' (e.g., 300 days, 444 days, or 700 days) which offer higher interest rates compared to standard tenures.

function calculateIDBIFD() { var principal = parseFloat(document.getElementById('principal').value); var rate = parseFloat(document.getElementById('rate').value); var years = parseFloat(document.getElementById('years').value) || 0; var months = parseFloat(document.getElementById('months').value) || 0; var days = parseFloat(document.getElementById('days').value) || 0; if (isNaN(principal) || principal <= 0) { alert("Please enter a valid deposit amount."); return; } if (isNaN(rate) || rate <= 0) { alert("Please enter a valid interest rate."); return; } // Convert total tenure to years var t = years + (months / 12) + (days / 365); if (t <= 0) { alert("Please enter a valid tenure."); return; } var maturityAmount = 0; // IDBI Bank usually uses Quarterly Compounding (n=4) for tenures 6 months and above // For less than 6 months, simple interest is standard. // Most FD calculators use the compounding formula for consistency in future value projection. if (t < 0.5) { // Simple Interest for short tenures maturityAmount = principal + (principal * (rate / 100) * t); } else { // Quarterly Compounding var n = 4; maturityAmount = principal * Math.pow((1 + (rate / (n * 100))), (n * t)); } var totalInterest = maturityAmount – principal; // Formatting currency var formatter = new Intl.NumberFormat('en-IN', { style: 'currency', currency: 'INR', maximumFractionDigits: 0 }); document.getElementById('maturityResult').innerHTML = formatter.format(Math.round(maturityAmount)); document.getElementById('interestResult').innerHTML = formatter.format(Math.round(totalInterest)); } // Run initial calculation window.onload = function() { calculateIDBIFD(); };