IDBI Bank Suvidha Tax Saving Fixed Deposit From Download

IDBI Bank Suvidha Tax Saving Fixed Deposit

The IDBI Bank Suvidha Tax Saving Fixed Deposit allows Indian residents to claim tax deductions under Section 80C of the Income Tax Act. [1, 2]

Section 80C: Invest up to ₹1.5 Lakh per financial year to reduce your taxable income.
Strict Cap: Investments beyond ₹1.5 Lakh will not qualify for any tax exemption. [2, 3, 4]

Tenure: Fixed maturity period of exactly 5 years.
Lock-in: Zero premature withdrawals are permitted during the 5-year lock-in.
Minimum: Start your investment with a minimum principal of ₹10,000.
Eligibility: Available only to Individuals and Hindu Undivided Families (HUFs). [3, 5, 6, 7, 8]

The latest rates effective from February 23, 2026, for a 5-year tenure are: [9, 10]

Investor Category [9, 10]	Interest Rate (p.a.)
General Public	6.25%
Senior Citizens	6.75%

Cumulative: Reinvests your interest quarterly to maximize compounding benefits.
Non-Cumulative: Opt for regular interest payouts at monthly or quarterly intervals. [11, 12]

No Loans: You cannot pledge this FD for loans or overdrafts.
Joint Accounts: Tax benefits apply solely to the primary account holder.
TDS Impact: Interest is fully taxable; TDS applies if interest exceeds annual limits. [2, 5, 13, 14]