Industrial Development Bank of India (IDBI) was established in 1964 as an act to provide credit to the booming industrial sector in India. It was a subsidiary of the Reserve Bank of India (RBI) before being transferred to the Government of India. On January 21, 2019, the RBI recategorised the bank as a private sector bank after 51% of its stake was bought by LIC.
IDBI Bank Savings Account offers benefits to people of various financial backgrounds and age groups. The customer can choose whatever suits them the best as per their financial requirements.
The Super Savings account helps you to transfer funds faster. It provides you with a complete banking convenience to access your money with the ease. With this account, you can not only save your money, but also make it grow by attractive interest rates. The monthly average balance (MAB) that you need you to maintain is- Rs. 5000 (metro and urban), Rs. 2,500 (semi-urban) and Rs. 500(rural).
This IDBI savings account aims to offers you enhanced benefits and advantages for a superior banking experience. You can withdrawal Rs.40,000 per day via ATM/POS and can make 15 NEFT transactions free every month. You will also get a complimentary lounge programme on the RuPay platinum Debit Card with build-in insurance cover.
As the name goes, IDBI bank has designed a special savings account for women that offers a Zero Balance Savings Account. Also, this account is free for her child below the age of 18 years. It offers a specially designed women’s international ATM-cum-debit card, which allows higher ATM cash withdrawal limit of Rs. 40,000 per day. You need to maintain a monthly average balance (MAB)of Rs. 5000 (metro and urban), Rs. 2,500 (semi-urban) and Rs 500 (rural).
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IDBI Bank offers an account to senior citizens that can facilitate banking transactions with hosts of facilities. Senior citizens from the age group of 60 can open this account. Senior citizen account by IDBI not only allows you to save money, but also make it grow by availing the auto Sweep Out/Sweep In Facility. You can avail higher ATM cash withdrawal limits of Rs. 50,000 per day and also, get 10 free transactions at other Bank ATM.
"Being Me" is a unique savings account dedicated for the Youth. It is a specially designed product for today’s youth to establish a bond with the Youth and make them aware about financial discipline. The account gives preferential rate on educational loan, training on financial planning, discounted charges for opening of share Trading Account with ICMS, etc.
It is a piggy bank for the Kids that will not only help in saving money, but also provide an interest on the same. The Power Kids account will allow them to take out money when required, and guide them to operate their account in a better and convenient way. At every interval, the bank will advise kids about better investment options. You just need to maintain a monthly average balance (MAB) of Rs. 500. The withdrawal limit is up to Rs. 2000 at ATM/POS.
This IDBI savings account is meant for everyone. It is completely elementary in its approach with Zero Balance account for inclusive banking. You will get a free Debit cum ATM card, SMS & email alerts for any transaction and a free consolidated monthly account statement via e-mail.
Sabka Basic account doesn't require a minimum balance, therefore the bank intends to extend its services to a vast section people for Financial Inclusion. With this account, you will get a free International Debit cum ATM card, SMS & email alerts for any transaction you make form your account and consolidated monthly account statements via e-mail.
This IDBI savings account is specially designed keeping the requirements of users in mind. The account gives you the special privileges, easier and quicker transactions and value-added services with a host of exclusive offers for hassle-free banking. It allows you to transfer funds faster from anywhere, anytime. You can avail five free ATM transactions at other bank’s ATMs in non-metro locations.
Visit the IDBI bank branch near you and request the bank executive for an account opening form. While filing the form ensure all the details filled correctly. The details in the application form should match the KYC documents that you submit for proof. The bank will verify the duly filled form and the supporting documents submitted.
The account holder will receive a welcome kit consisting of free passbook, cheque book and a debit card.
Customers should meet the following criteria to open a savings account with the bank-
Customers can contact 24x7 phone banking numbers:
Debit Card Blocking Toll Free number:
Debit Card blocking through SMS: In case you remember your Card number
SMS BLOCK < Customer ID > < Card Number > to 5676777
Eg: SMS BLOCK 12345678 4587771234567890 to 5676777
In case you do not remember your Card number
SMS BLOCK < Customer ID > to 5676777
Eg: SMS BLOCK 12345678 to 5676777
Non-Toll Free number:
Contact number for outside India customers:
IDBI Bank Ltd. IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai 400005.