IDFC First Bank Adjusts Interest Rates On Its FD: Check New Rates Here
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Investment
oi-Vipul Das
IDFC First Bank offers short-term FDs of between seven days and one year and long-term FDs of between one and ten years. The interest rates of the private sector lender FD span from 2.75 percent p.a to 5.75 percent on deposits maturing between seven days to 10 years respectively. The interest rates on retail term deposits were revised earlier in January by the Punjab National Bank (PNB), SBI and Axis Bank too.
IDFC First Bank FD
On FDs maturing within seven days to 14 days, IDFC First Bank provides a 2.75 percent interest rate. The bank fetches interest rates of 2.85 percent and 3.10 percent between 15-60 and 61-90 days, respectively. 3.55 percent for term deposits maturing between 92-180 days, and 3.80 percent for 181-270 days. 4.00 percent for FDs maturing in 271 – 365 days, 4.30 percent for 366 – 398 days and 3.75 percent for 399 days. For term deposits with a period of 400 – 540 days, the bank offers an interest rate of 4.65%. For FDs maturing within 541 to 1095 days, IDFC First Bank provides 5.05 percent interest rate. For long-term deposits with a period of 3 years to 10 years, IDFC First Bank FD interest rates are now kept at 5.70 percent. From January 16, 2021 onwards the interest rates are effective.
IDFC First Bank FD Rates
| Tenures | ROI in % |
|---|---|
| 7 to 14 days | 2.75 |
| 15 to 60 days | 2.85 |
| 61 to 91 days | 3.10 |
| 92 to 180 days | 3.55 |
| 181 to 270 days | 3.80 |
| 271 to 365 days | 4.00 |
| 366 to 398 days | 4.30 |
| 399 days | 3.75 |
| 400 to 540 days | 4.65 |
| 541 to 1095 days | 5.05 |
| 3 years 1 day to 10 years | 5.70 |
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