The ALCO of IDBI Bank reviewed the interest rates on retail term deposits and keeping in view credit demand, inflation and liquidity scenario, the Bank has decided to increase the retail term deposit rates by 25 -125 basis points (bps) in different maturity buckets. The revised interest rates are effective from February 8, 2011.
Additional Interest rate for Senior citizens is 50 - 75 bps above the normal interest. In response to increase in cost of funds, where deposit rates have been increased upto 125 bps, and keeping in view the market conditions, IDBI Bank also reviewed its Base Rate and BPLR and decided to increase Base Rate by 50 bps to 9.50% and BPLR by 25 bps to 14.00% respectively. The new Base Rate and BPLR will be effective from February 8, 2011| Tenor | ||||
| Upto Rs.15 lakh | Above Rs.15 lakh upto Rs.1 cr | |||
| Existing | w.e.f Feb 8, 2011 | Existing | w.e.f Feb8, 2011 | |
| 15-45 days | 3.25 | 4.50 | 3.25 | 4.50 |
| 46-90 days | 5.50 | 6.00 | 5.50 | 6.00 |
| 91 days < 6 months | 6.50 | 7.50 | 6.50 | 7.50 |
| 6 months- 269 days | 7.25 | 7.75 | 7.25 | 7.75 |
| 270 days- 1 year | 8.00 | 8.00 | 8.00 | 8.00 |
| 1 year 1 day-499 days | 8.50 | 8.75 | 8.50 | 8.75 |
| 500 days | 9.00 | 9.00 | 9.00 | 9.00 |
| >500 days -1099 days | 9.00 | 9.00 | 9.00 | 9.00 |
| 1100 days | 9.25 | 9.25 | 9.25 | 9.25 |
|
> 1100 days
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