IDBI Bank charges a penalty of 4% per month on any shortfall from the required Minimum Average Balance (MAB), with a minimum penalty of ₹50 for Metro/Urban branches, ₹25 for Semi-Urban branches, and ₹5 for Rural branches.
IDBI Bank Savings Account Interest Rate & Minimum Balance 2025
A savings account helps you safely store your money, earn interest, and manage daily transactions. IDBI Bank provides various savings accounts tailored to suit diverse needs. The bank offers competitive interest rates and flexible minimum balance requirements. This guide covers IDBI Bank’s savings account interest rates, minimum balance criteria, and account-specific benefits in 2025.
What is an IDBI Savings Account?
IDBI Savings Account is a flexible financial solution designed to help individual customers manage their savings while earning interest on deposits. IDBI Bank offers a range of savings account options, such as the Advantage Savings Account, SuperSavings Account, SuperShakti Account, Royale Account, etc., for different customer needs.
Types of Savings Account in IDBI
These are the different types of savings accounts available to open in IDBI Bank:
- Capital Gain Account Scheme
- Pension Savings Account (Central Government. Emp)
- Power Kidz Account
- Small Account (Relaxed Know Your Customer)
- SuperShakti Account (For Women)
- Jubilee Plus Account (For Senior Citizens)
- Being Me Account
- SuperSavings Account
- Sabka Basic Savings Account (Complete KYC)
- Suraksha Plus Savings Account
Features and Benefits of IDBI Savings Account
Here are the features and advantages of different types of IDBI Savings Accounts:
Account Type | Features and Benefits |
IDBI Bank Pension Savings Account (Central Govt. Employees) | • Zero balance savings account • International ATM-cum-Debit card |
IDBI Bank Power Kidz Account | • Exclusively designed Kids ATM Card • Five free ATM transactions at other bank ATMs (non-metro locations) |
IDBI Bank SuperShakti (Women’s) Account | • Auto sweep facility • ATM withdrawal limit: ₹40,000 per day |
IDBI Bank Sabka Basic Savings Account (Complete KYC) | • Zero balance savings account • Free international debit card |
IDBI Bank Being Me Account (For Youth) | • Exclusively designed Being Me Debit-cum-ATM Card • ATM withdrawal limit: ₹25,000 per day |
IDBI Bank Small Account (Relaxed KYC) | • Zero balance savings account • Free debit-cum-ATM card |
IDBI Super Savings Account | • International debit-cum-ATM card • Five free ATM transactions at other bank ATMs (non-metro locations) |
IDBI Bank Jubilee Plus Senior Citizen Account | • Auto sweep facility • Zero balance savings account |
IDBI Bank Imperial Salary Account | • Free Gold Debit Card • Internet banking/mobile banking available |
Capital Gain Account Scheme | • Minimum deposit: ₹10,000 • Maximum deposit: ₹100 crore |
State & Central Government Salary Account | • Auto sweep facility • Zero balance savings account |
IDBI Bank Crown Salary Account | • Free Gold Debit Card • Internet banking/mobile banking available |
IDBI Bank Star Salary Account | • Free international classic debit-cum-ATM card • Zero balance savings account |
IDBI Bank Pride Salary Accounts | • Free international classic debit-cum-ATM card • Zero balance savings account |
Indian Army Salary Accounts | • Free international debit-cum-ATM card • Zero balance savings account |
IDBI Bank Indian Navy Salary Accounts | • Auto sweep facility • Zero balance savings account |
Prime Salary Account | • Free international classic debit-cum-ATM card • Zero balance savings account |
How to Open an IDBI Savings Account Online?
To open an IDBI Savings Account online, follow these simple steps:
- First, go to the official IDBI Bank website and click the ‘Video KYC Link’ option.
- Complete the online application form by providing the necessary details, such as your name, contact information, and other personal details.
- If you are a first-time customer, you can opt for the Video KYC process. Ensure you have your Aadhaar card handy, as you’ll need to authenticate your identity via an OTP sent to your registered mobile number.
- After completing the form and KYC verification, submit any required documents online or prepare them for collection by a bank representative. During video KYC, a representative may ask you to show your PAN card and signature.
- Once your application is processed, you will receive confirmation from IDBI Bank regarding your new savings account.
How Much Minimum Balance is Required in IDBI Bank?
The minimum balance in IDBI Bank savings account varies for different types of savings accounts:
Account Type | Minimum Balance (MAB) |
Jubilee Plus Account (Senior Citizens) | ₹0 |
Small Account (Relaxed KYC) | ₹0 |
Sabka Basic Savings Account (Complete KYC) | ₹0 |
Pension Savings Account (Central Govt.) | ₹0 |
Being Me Account | ₹2,500 |
Power Kidz Account | ₹1,500 |
Suraksha Plus Savings | ₹5,000 |
SuperSavings Account | ₹5,000 |
SuperShakti Account (For Women) | ₹5,000 |
Capital Gain Account Scheme | ₹10,000 |
Advantage Savings Account | ₹10,000 (Metro/Urban), ₹5,000 (Semi-Urban), ₹1,000 (Rural) |
IDBI Savings Account Interest Rate 2025
Follow this table to know the different interest rates in IDBI Savings Account in 2025:
Saving Balance | Interest Rate (% p.a.) |
Up to ₹1 lakh | 2.75% |
Above ₹1 lakh to ₹5 lakh | 2.90% |
Above ₹5 lakh to ₹5 crore | 3.00% |
Above ₹5 crore to ₹100 crore | 3.25% |
Above ₹100 crore to ₹1,000 crore | 3.50% |
Above ₹1,000 crore to ₹1,500 crore | MIBOR + 10 bps p.a. |
Above ₹1,500 crore to ₹2,000 crore | MIBOR + 40 bps p.a. |
Above ₹2,000 crore to ₹5,000 crore | MIBOR + 75 bps p.a. |
Above ₹5,000 crore | MIBOR + 65 bps p.a. |
MIBOR (Mumbai Interbank Offered Rate) is the interest rate at which banks borrow funds from other banks in the Indian interbank market. The term 'bps' (basis points) refers to one-hundredth of a percentage point (1 bps = 0.01%). For example, 'MIBOR + 10 bps p.a.' means the applicable interest rate will be the current MIBOR rate plus an additional 0.10% per annum.
IDBI Savings Account Interest Rate for Senior Citizens
IDBI Bank's Senior Citizens Savings Scheme (SCSS) offers a competitive interest rate of 8.20% per annum. This scheme is available to individuals aged 60 and above, retirees between 55 and 60 who have opted for the Voluntary Retirement Scheme (VRS), and retired defence personnel aged 50 and above.
The minimum deposit required is ₹1,000, with a maximum limit of ₹30 lakhs. Interest is paid quarterly. Additionally, IDBI Bank offers an extra 0.50% interest rate on fixed deposits for senior citizens with tenures of 1 year and above.
IDBI Bank has also introduced the 'Chiranjeevi-Super Senior Citizen FD' scheme for individuals aged 80 and above, offering interest rates up to 8.05% per annum for specific tenures.
Penalty for Not Maintaining Minimum Balance in IDBI Savings Account
The IDBI Bank’s Super Savings, SuperShakti, and Suraksha Plus accounts impose a penalty of 4% per month on the shortfall between the actual average balance and the required Minimum Average Balance (MAB). The penalties for not maintaining IDBI Bank minimum balance for a savings account are as follows:
- Metro/Urban branches: MAB of Rs. 5,000; Penalty up to Rs. 50 per month
- Semi-Urban branches: MAB of Rs. 2,500; Penalty up to Rs. 25 per month
- Rural branches: MAB of Rs. 500; Penalty up to Rs. 5 per month
To conclude, check the minimum balance of the IDBI Bank savings account to avoid any penalties. If the minimum balance is difficult, you can choose an account with no MAB requirements. Also, check the interest rate offered, minimum and maximum tenures and other terms.
Similar Articles:
1. SBI Saving Account Opening
2. ICICI Bank Savings Account
3. Axis Bank Savings Account
4. Indian Bank Savings Account
5. HDFC Bank Savings Account
Related Articles:
1. IDBI Bank Balance Check Number
2. IDBI Bank Fixed Deposit (FD) Rates
3. IDBI Bank Home Loan Interest Rates
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