IDFC First Bank offers 8% interest rate on select maturities. Latest FD rates2 min read . Updated: 24 Sep 2019, 08:25 AM IST
- IDFC First Bank had revised FD rates on select buckets on 21st August
- Senior Citizens get an additional spread of 50 basis points over the rate of general customers
Private sector lender IDFC First Bank gives interest ranging from 4% to 8% on deposits maturing in 1 year to 10 years. Senior Citizens get an additional spread of 50 basis points over the rate of general customers. For deposits maturing in 7-14 days, IDFC First Bank offers 4.00%, for 15-29 days, 5.00% and for 30-45 days, the bank offers an interest rate of 6.25%. FDs maturing in 46-90 days will fetch you an interest of 6.50% and those deposits maturing in 91-180 days will offer 6.75% interest. For FDs with maturity period 181 days to less than one year, IDFC First Bank gives 7% interest. The bank had revised FD rates on select buckets on 21st August.
IDFC First Bank latest FD rates (below ₹2 crore) for general public
7 - 14 days 4.00%
15 - 29 days 5.00%
30 - 45 days 6.25%
46 - 90 days 6.50%
91 - 180 days 6.75%
181 days – less than 1 year 7.00%
IDFC First Bank latest FD rates (below ₹2 crore) for general public for maturity between 1 year and 2 years
IDFC First Bank gives highest interest for deposits maturing in one year and two years. For deposits maturing in one year and 2 years, IDFC First Bank gives 8% interest. This is all the highest when compared with top lenders like State Bank of India (SBI), ICICI Bank, Axis Bank, Punjab National Bank (PNB) and others.
1 year 8.00%
1 year 1 day – 2 years 8.00%
IDFC First Bank latest FD rates (below ₹2 crore) for general public for maturity between 2 years and 10 years
IDFC First Bank also offers long-term and tax-saving FDs with interest rate ranging from 7.25% to 7.75%. For FDs maturing in 2 years 1 day to 5 years, the bank offers na interest rate of 7.50% and for deposits maturing in 5 year 1 day to 10 years, the bank gives 7.25% interest. IDFC First Bank tax saver deposits will fetch an interest rate of 7.75%
2 years 1 day – 5 years 7.50%
5 year 1 day - 10 years 7.25%
IDFC First Bank tax saver deposits
5 years - 7.75%
Although IDFC First Bank offers good returns on FD deposits, but the monthly minimum balance requirement per account is ₹25,000. The bank serves 7.2 million customers through 203 bank branches, 129 ATMs and 454 rural business correspondent centres.