IDBI Recurring Deposit Interest Rates 2026
IDBI Bank Recurring Deposit schemes provide a safe and disciplined way to build savings. They offer flexible tenures, affordable minimum deposits, and competitive interest rates. Senior citizens also benefit from additional interest, making these schemes more attractive.
IDBI Bank offers Systematic Savings Plan Plus which can be opened with a minimum instalment amount of Rs.5,000 Rs.500. The tenure of this deposit scheme can range between 1 year to 3 and 10 years. The interest rate offered by the bank on the RD tenures ranges starts from 5.90% p.a. with senior citizens getting benefit of an additional 0.50%.
Also, Check - Fixed Deposit Interest Rates
IDBI Bank Recurring Deposit Interest Rates
Tenure | Interest Rate p.a. (General Public) | Interest Rate p.a. (Senior Citizen) |
1 year | 6.20% | 6.70% |
More than 1 year to 2 years | 6.25% | 6.75% |
More than 2 years to less than 3 years | 6.55% | 7.05% |
3 years to less than 5 years | 6.35% | 6.85% |
5 years | 6.25% | 6.75% |
More than 5 years to 7 years | 5.95% | 6.45% |
More than 7 years to 10 years | 5.90% | 6.40% |
Note: The interest rates mentioned above are with effect from 18 December 2025
IDBI Bank - Medium Term RD Interest Rates
Recurring Deposit (RD) accounts which are opened for a period that ranges between one year and three years are known as medium-term RD accounts. The interest paid by the lender on these tenures is in the range of 6.20% p.a. to 6.55% p.a.
IDBI Bank - Long-Term RD Interest Rates
Any RD account opened for a period above three years falls under the category of long-term recurring deposit. The interest paid on such deposits is 6.25% p.a. to 6.35% p.a.
IDBI Bank - Senior Citizen RD Interest Rates
IDBI Bank offers an additional interest rate of 0.50% to senior citizens on recurring deposit accounts. The interest paid to citizens above the age of 60 years for opening a medium-term or long-term RD with IDBI Bank is in the range of 6.70% p.a. to 6.85% p.a.
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- Advantages of Recurring Deposit
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- Indian Bank Recurring Deposit
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- UCO Bank Recurring Deposit
FAQs on IDBI RD Interest Rates
- What is the minimum and maximum eligible tenure when it comes to IDBI SSP Plus?
The minimum insurance tenure is three years and completed quarters. As for the maximum tenure it is ten years.
- What is the minimum instalment amount with regard to SSP Plus?
The minimum instalment amount is Rs.5,000 and multiples of 100 thereof.
- What does the bank's Systematic Savings Plan (SSP) Plus offer?
In addition to regular savings with principal plus interest protection, IDBI Bank also offers complimentary insurance cover and reward points.
- How many complimentary reward points are offered by IDBI Bank for opening an SSP plus account?
IDBI Bank offers up to 1,000 complimentary one-time redeemable reward points.
- Who can open a recurring deposit account with IDBI Bank?
A recurring deposit account with IDBI Bank can be opened by individuals and Hindu Undivided Families (HUFs).
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