Is there a Premature withdrawal facility available with IDBI?

Yes, a premature withdrawal facility for IDBI Bank FDs is available. However, one has to pay the penalty to avail the same. The penalty is in the form of interest. For IDBI the penalty is 0.5%-1%. This means the investors will earn 0.5%-1% less on their FD interest rate if their FDs are prematurely withdrawn.

What is the minimum deposit of IDBI FD?

The minimum amount required to open an FD with IDBI Bank is Rs. 10,000. In case of minors, the minimum amount is Rs. 2,000.

Does IDBI provide Loan against FD?

Yes, IDBI Bank provides a loan against FD accounts. Investors can take a loan up to 90% of the FD amount. The interest rate on the loan is 1-2% above the IDBI FD Interest Rate, and the bank uses a fixed deposit as collateral for the loan. Also, the loan tenure is limited to the tenure of the FD. One cannot take a loan against tax-saving FDs.

Does IDBI provide taxx saving Fixed Deposit?

Yes. IDBI Bank offers Tax Saving Fixed Deposits. This scheme helps investors avail tax benefits under Section 80C of the Income Tax Act, 1961. The minimum investment amount for this scheme is Rs. 10,000. You have an auto-renewal facility as well as nomination facility on Tax Saving Fixed Deposits.

What are the different types of investment plans offered by IDBI FDs?

IDBI Bank offers two types of investment plans: Traditional: Under the traditional plan, the interest payable to you is monthly or quarterly. You can choose either option as per your convenience. The maturity period on this plan ranges from 7 days to 10 years. Reinvestment: In the reinvestment plan, the interest is compounded quarterly and reinvested. The maturity period ranges from 6 months to 10 years.

IDBI FD Calculator

Forecast interest earnings from your Fixed Deposit (FD) investments using IDBI FD Calculator.

Compare returns Why invest?Other calculators Understanding IDBI FD Calculator Related articles FAQs

compare returns

why invest with Stack

Simple & Convinient

All the mutual fund SIPs can be tracked easily on the app. Get regular reports & updates on how your SIPs are performing.

Manage Risk

Stack helps to choose the best SIPs based on your risk profile to manage risks and to ensure optimal risk-adjusted returns.

Financial Planning

We recommed the right asset allocation for your investments to ensure you reach your specific financial goals on time.

Finacial Discipline

Our SIP plans help you create financial discipline by automating your investments every month, relieveing you of the burden to plan your investments every month.

Other calculators

SIP Calculator

calculate

Retirement Calculator

calculate

EMI Calculator

calculate

Understanding IDBI FD Calculator

What is a Fixed Deposit Calculator?

How to Use the IDBI Fixed Deposit Calculator

Features of the IDBI Fixed Deposit Calculator

Benefits of Using a IDBI Fixed deposit Calculator

Why Make a IDBI Fixed Deposit (FD) Investment?

What is a Fixed Deposit Calculator?

A Fixed Deposit Calculator is a financial tool designed to compute the maturity amount of your fixed deposit investment. By considering factors such as the principal amount, interest rate, and tenure, the calculator provides an estimate of the total amount you will receive at the conclusion of the investment period. This tool aids investors in planning and understanding the potential returns on their fixed deposit investments with ease and accuracy.

How to Use the IDBI Fixed Deposit Calculator

Using the IDBI Fixed Deposit Calculator online is incredibly straightforward. You just need to input the following information:

Principal amount: The amount you intend to deposit in a fixed deposit.
Interest rate: The rate of interest provided by the bank or financial institution.
Tenure: The duration (in months or years) for which you plan to deposit your money.

Features of the IDBI Fixed Deposit Calculator

Our Fixed Deposit Calculator boasts a user-friendly interface with a clean and simple design, ensuring ease of use for everyone. It delivers accurate results by utilizing up-to-date interest rates and pertinent information, providing reliable estimates. The calculator is designed to be mobile-responsive, functioning seamlessly on various devices, including smartphones and tablets. Additionally, you can easily share your results on social media and other platforms, facilitating effortless comparisons of different investment options and enabling you to gather feedback from friends and family.

Benefits of Using a IDBI Fixed deposit Calculator

Benefits of using IDBI Fixed Deposit Calculator include saving time by quickly estimating the maturity amount without manual calculations or extensive research. It facilitates informed decisions by allowing you to compare various investment options and choose the most suitable one to achieve your financial goals. The calculator also aids in tracking your progress, providing a clear and concise summary of your investment, making it easy to monitor returns over time. This tool enhances efficiency and empowers you to make well-informed financial decisions.

Why Make a IDBI Fixed Deposit (FD) Investment?

Fixed Deposit interest rates, once booked at the time of account opening, remain unchanged until maturity, irrespective of any fluctuations in the bank's FD card rates during the intervening period. For example, if an individual opens a 2-year fixed deposit with a bank at a 7% annual interest rate, that rate will remain constant until the end of the 2-year term. This characteristic provides Fixed Deposits with a high level of income predictability, surpassing the stability offered by the majority of small savings plans. Investors can rely on this consistency, making FDs a reliable option for predictable and assured returns.