How to Open IDBI Bank Fixed Deposit Account

Navigating the world of financial investments can seem daunting, but fixed deposits (FDs) are a timeless favourite among seasoned investors and novices. IDBI Bank's FD schemes are worth considering if you want to park your funds in a secure and promising avenue.

This leading public sector bank offers competitive interest rates, safety, and flexibility. Whether you're tech-savvy or prefer traditional banking methods, IDBI ensures a hassle-free process to kickstart your savings journey. Dive into this guide as we walk you through the step-by-step process of opening an FD account with IDBI Bank.

• If you already hold a Savings or Current Account with IDBI, a Fixed Deposit can be opened using the below procedures.

1. Using IDBI Bank Mobile Application (App):
   Login to the IDBI Bank Application, Go to the Banking section in the App, Click on the Fixed Deposits option, then click Open Fixed Deposits. By this, you will get an online form in which you will be required to select the FD tenure and insert the deposit amount. After filling out the form, one can submit the details and create an FD.
    
2. Using IDBI Bank Internet banking website:
   Login to the IDBI Internet Banking website and go to the “Home” tab. Click on Accounts >> Fixed Deposit Account. Then Click on the type of Deposit you must make (Example: Suvidha Fixed Deposit). By this, you will get an online form in which you will be required to select the FD tenure and insert the deposit amount. After filling out the form, one can submit the details and create an FD.
    

• If you are a new customer of IDBI and do not hold any account, you can visit the nearest IDBI Bank with the Original PAN & Aadhar and the soft copy of the same. The bank official will help you to directly open an FD without having any savings / current account.
   
• Also, there is an option to create a savings/ current account with the bank and then open an FD using a Mobile application or Internet Banking Facility.

Below mentioned persons can open a Fixed Deposit with IDBI

• Charitable institutions
• Educational institutions
• Firms
• Partnerships
• Sole proprietorships
• Senior citizens
• Hindu Undivided Family
• Non-Resident Indians
• Minors
• Resident
• Joint account holders
• Individuals

Banks require the below-listed documents for completing the Mandatory Know Your Customer (KYC) procedure before opening an account for its customer.

• Passport.
• Aadhaar card.
• PAN card.
• Voter ID card.
• Driving Licence.
• Government ID card.
• Photo ration card.
• Senior citizen ID card.