IDFC First Bank Modifies Interest Rates On Fixed Deposit: Check New Rates Here
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IDFC First Bank Regular Fixed Deposit Interest Rates
IDFC First Bank provides a 2.50 percent interest rate on FDs due in seven to fourteen days. The bank offers 2.50 percent and 2.75 percent interest rates for deposits maturing in 15-29 days and 30-45 days. The bank provides 2.75 percent interest on deposits maturing in 46-90 days and 3.25 percent interest on deposits maturing in 91-180 days. IDFC First Bank offers 4.50 percent on FDs due in 181 days or less than a year. The bank offers 4.75 percent on term deposits maturing in one to two years.
IDFC First Bank also offers 5.00 percent for maturity terms ranging from 2 years 1 day to 3 years. After the most recent modification, the bank provides an interest rate of 5.20 percent and 5.25 percent to the general public on deposits maturing in 3 years 1 day to 5 years and 5 years 1 day to 10 years. The revised card rates for Domestic, NRE & NRO Deposits less than INR 2 Crores are stated below.
| Period | Rate of Interest (%p.a.) |
|---|---|
| 7 – 14 days | 2.50% |
| 15 – 29 days | 2.50% |
| 30 – 45 days | 2.75% |
| 46 – 90 days | 2.75% |
| 91 – 180 days | 3.25% |
| 181 days – less than 1 year | 4.50% |
| 1 year – 2 years | 4.75% |
| 2 years 1 day – 3 years | 5.00% |
| 3 years 1 day – 5 years | 5.20% |
| 5 years 1 day – 10 years | 5.25% |
| Source: Bank Website, w.e.f. September 15, 2021 |
IDFC First Bank Fixed Deposit Interest Rates For Senior Citizens
Senior citizens will continue to get a 0.50 percent additional rate over and above the aforesaid rate, but it will not be applicable for NRE or NRO Fixed Deposits.
| Period | Rate of Interest (%p.a.) |
|---|---|
| 7 – 14 days | 3.00% |
| 15 – 29 days | 3.00% |
| 30 – 45 days | 3.25% |
| 46 – 90 days | 3.25% |
| 91 – 180 days | 3.75% |
| 181 days – less than 1 year | 5.00% |
| 1 year – 2 years | 5.25% |
| 2 years 1 day – 3 years | 5.50% |
| 3 years 1 day – 5 years | 5.70% |
| 5 years 1 day – 10 years | 5.75% |
| Source: Bank Website, w.e.f. September 15, 2021 |
IDFC First Bank Savings Account Interest Rates
IDFC First Bank is now providing the following interest rates as of 01/05/2021 on a savings account. Savings account interest will be determined on a progressive basis, according to the rate slabs stated below.
| Balance (Rupees) | Rate of Interest (% p.a.) (Progressive) |
|---|---|
| 4.00% | |
| > 1lac | 4.50% |
| > 10lac | 5.00% |
| >2Cr | 4.00% |
| >10Cr | 3.50% |
| >100 Cr | 3.00% |
| (Effective from 01/05/2021) |
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