IDFC First Bank Modifies Interest Rates On Fixed Deposit: Check New Rates Here

By Vipul Das

Updated: Thursday, September 16, 2021, 12:18 [IST]

IDFC Bank Limited ("IDFC Bank") a private sector bank has modified interest rates on its fixed deposit scheme which are now effective from 15th September 2021. By placing a minimum deposit amount of Rs 10,000, one can open a fixed deposit account at IDFC First Bank for a flexible tenure of 7 days to 10 years. Apart from that, the bank offers attractive benefits to the fixed deposit customers such as 0.5% higher interest for senior citizens with IDFC FIRST Bank Fixed Deposit, no penalty for senior citizens on premature withdrawal, competitive interest rates, monthly/quarterly interest payout option or quarterly compounding, easy documentation, online booking facility and much more. So apart from all the stated benefits, let's have a look at the new interest rates on fixed deposits of less than Rs 2 Cr of the bank.

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.