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.
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. It offers competitive interest rates and flexible minimum balance requirements.
Key Highlights
IDBI Bank Savings Account Interest Rates 2025 are as follows.
- Up to ₹1 lakh - 2.50% p.a.
- Above ₹1 lakh to ₹5 lakh - 2.55% p.a.
- Above ₹5 lakh to ₹5 crore - 2.60% p.a.
- Above ₹5 crore to ₹100 crore - 3.00% p.a.
- Above ₹100 crore to ₹1,000 crore - 3.00% p.a.
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.
These are the different types of savings accounts available to open in IDBI Bank:
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) |
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IDBI Bank Power Kidz Account |
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IDBI Bank SuperShakti (Women’s) Account |
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IDBI Bank Sabka Basic Savings Account (Complete KYC) |
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IDBI Bank Being Me Account (For Youth) |
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IDBI Bank Small Account (Relaxed KYC) |
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IDBI Super Savings Account |
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IDBI Bank Jubilee Plus Senior Citizen Account |
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IDBI Bank Imperial Salary Account |
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Capital Gain Account Scheme |
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State & Central Government Salary Account |
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IDBI Bank Crown Salary Account |
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IDBI Bank Star Salary Account |
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IDBI Bank Pride Salary Accounts |
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Indian Army Salary Accounts |
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IDBI Bank Indian Navy Salary Accounts |
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Prime Salary Account |
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To open an IDBI Savings Account online, follow these simple steps:
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 | 2.50% |
Above ₹1 lakh to ₹5 lakh | 2.55% |
Above ₹5 lakh to ₹5 crore | 2.60% |
Above ₹5 crore to ₹100 crore | 3.00% |
Above ₹100 crore to ₹1,000 crore | 3.00% |
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.
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 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.
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:
The minimum balance in IDBI Bank savings account depends on the account type and branch category, ranging from zero-balance options to higher minimum account balance requirements for premium accounts. This flexibility, along with tiered interest rates, makes IDBI Bank savings accounts suitable for diverse customer needs.
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