IDBI Fixed Deposites Above 1 Cr.

Deposits above Rs. 1 cr.(Effective from 15th Dec 2010)

MATURITY SLAB PREMIUM RETAIL DEPOSIT (Above  Rs.1 cr. upto Rs.5 cr.)   BULK DEPOSIT CARD RATES (Above Rs.5 crores) 07-14   days  6.25 6.25 15-30   days 6.50 6.50 31-45   days 6.75 6.75 46-90 days  7.00 7.00 91-119  days 6.75 6.75 120 – 179 days 8.00 8.00 180 -269  days 8.25 8.25 270 -364 days 8.50 8.50 1 yr - < 2 yrs 8.75 8.75 2 years - < 3 yrs 8.50 8.50 3 years - < 5 yrs 8.50 8.50 5 years and above 8.25 8.25* *(Annualised yield of abt 8.51%) Penalty for Premature Closure of deposits: Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposit remained with the Bank, whichever is lower, less 1% penalty. For FDs above Rs. 10 cr.pl. contact your dealing branch.

Mibor linked deposit (Effective from January 8,2010 )

Anchor NSE MIBOR (Mumbai Interbank Overnight Rate) put out by NSE every morning at 10.00hrs. Tenor Rate of Interest 7 - 30 days Mibor minus 100 bps 31 - 45 days Mibor minus 80 bps 46 - 90 days Mibor minus 60 bps Interest Rate Reset Daily Minimum denomination of deposit Above INR 1cr Premature withdrawal There will not be any premature payment penalty on these deposits. However the interest rate applicable will be the rate applicable for the period for which the deposit runs with the bank. The average daily MIBOR (as updated on the Treasury Intranet site daily) will be applied for the period during which the deposit runs with the bank. The cut off time for exercising premature withdrawal will be 3.00pm of the previous working day. Interest settlement P.S: OLD MIBOR DEPOSIT WILL CONTINUE TO GET CONTRACTED RATES AND THE ABOVE RATES ARE APPLICABLE FOR NEW DEPOSITS.