IDFC Fixed Deposit Interest Rates, more money will be available on FD
IDFC Fixed Deposit interest rates: After the increase in repo rate by RBI, banks also increase their interest rates. This is the reason that IDFC First Bank has increased its interest rates. The bank has said that interest rates on bulk fixed deposits have been increased. It has been said that interest rates have been increased on fixed deposits of more than 2 crores and less than 25 crores.
The bank is getting the benefit of 5.30 to 7.30 percent interest rate on FDs ranging from 7 days to 10 years. The new interest rates are applicable from January 13, 2023. The benefit of 7.55% interest rate is available on maturity of 366 – 399 days.
IDFC First Bank Term Deposit Rates (Less than Rs.2 Crore)
Tenure
For General Citizens (p.a.)
For Senior Citizens (p.a.)
7 – 14 days
3.50%
4.00%
15 – 29 days
3.50%
4.00%
30 – 45 days
4.00%
4.50%
46 – 90 days
4.50%
5.00%
91 – 180 days
5.00%
5.50%
181 days – 364 days
6.75%
7.25%
367 days – 18 months
7.25%
7.75%
18 months – 1 day – 3years
7.50%
8.00%
3 years – 1 day- 5 years
7.00%
7.50%
5 years- 1 day – 10 years
7.00%
7.50%
IDFC First Bank Term Deposit Rates (Above Rs.2 Crore)
Tenure
Interest Rates for Rs.2 crore to Rs.5 crore (p.a.)
7 – 14 days
5.45%
15 – 35 days
5.45%
36 – 45 days
5.70%
46 – 60 days
5.80%
61 – 91 days
6.35%
92 – 180 days
7.00%
181 – 270 days
7.10%
271 – 365 days
7.45%
366 – 399 days
7.70%
400 – 499 days
7.55%
500 – 540 days
7.55%
541 – 731 days
7.55%
732 – 1095 days
7.45%
3 years 1 day – 5 years
7.35%
5 Year 1 day – 8 Years
7.35%
8 Year 1 day – 10 Years
7.35%
IDFC Bank Tax Saver Fixed Deposit Rates
Tenure
For General Citizens (p.a.)
5 years
7.00%
IDFC Bank FCNR FD Rates
Tenure
USD
GBP
EUR
AUD
SGD
1 Year to 2 Years
5.60%
0.01%
NA
NA
NA
2 Years to 3 Years
4.50%
0.01%
NA
NA
NA
3 Years to 4 Years
4.00%
NA
NA
NA
NA
4 Years to 5 Years
4.00%
NA
NA
NA
NA
5 Years only
4.00%
NA
NA
NA
NA
IDFC Bank NRO FD Rates
A Non-Resident Indian (NRI) can also open a Fixed Deposit account with IDFC First Bank to boost his/her savings.
Tenure
Interest Rates for General Citizens (p.a.)
7 – 14 days
3.50%
15 – 29 days
3.50%
30 – 45 days
4.00%
46 – 90 days
4.50%
91 – 180 days
5.00%
181 days – 364 days
6.75%
367 days – 18 months
7.25%
18 months – 1 day – 3years
7.50%
3 years – 1 day- 5 years
7.00%
5 years- 1 day – 10 years
7.00%
IDFC Bank NRE FD Rates
Tenure
For General Citizens (p.a.)
367 days – 18 months
7.25%
18 months – 1 day – 3years
7.50%
3 years 1 day – 5 years
7.00%
5 years 1 day to 10 years
7.00%
Note: The IDFC First Bank FD rates tend to change at the discretion of the bank. The rates mentioned in the table are valid as of December 2022.
Features & Benefits of IDFC Fixed Deposits
The features and benefits of IDFC Fixed Deposits are:
Safe and risk-free investment: Investing in an IDFC Fixed Deposit scheme is safe and completely risk-free. You can invest in an IDFC FD scheme based on your financial requirements.
Competitive interest rate: The interest rates you can earn are competitive and range between 3.50% p.a. and 6.25% p.a. based on the tenure chosen by you.
No penalty for early withdrawal for senior citizens: In case of cash crunch, senior citizens can avail early withdrawal of the deposit amount without having to pay any penalty.
Monthly/quarterly interest payout option or quarterly compounding: You can choose the pay out of your interest on a monthly or quarterly basis depending on your financial requirements. You can also choose the option of your interest being compounded on a quarterly basis.
