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Compare the fixed deposit interest rates for non-senior and senior citizens offered by IDFC FIRST Bank. Find out the benefits, features and tax savings of FDs with IDFC FIRST Bank.
- Interest Rates
Discover the latest bank interest rates for 2024 with IDFC...
- Interest Rates
Fixed Deposit - Get high returns on your savings with IDFC FIRST Bank's Fixed Deposit account. Open an online FD account today & enjoy 8.00% p.a. interest rate
- A fixed deposit account is a form of investment that allows customers to grow their savings at a fixed rate for a fixed period of time. Also call...
- The minimum amount required to open Fixed Deposit account at the branches is Rs. 10,000 whereas through Bank’s Net and Mobile Banking Services it i...
- Yes, the FD investment can be withdrawn partially. The penalty on premature withdrawal would be subject to 'Premature Closure Penalty' as prescribe...
- Customers aged 60 years or above will be eligible for a Senior Citizen’s Fixed Deposit .
- Senior Citizens earn additional interest of 0.5% per annum on deposits below ₹10 Crore.
- This deposit is an FD with a lock-in period of 5 years, without the option of pre-mature withdrawal facility. Customers can avail tax benefits unde...
- An FD investment of up to ₹1,50,000/- booked during the financial year is eligible for exemption under Section 80C.
- In the case of joint deposits, the Tax benefit under 80C will be available only to the first holder of the deposit.
- If your PAN Card is submitted at the time of opening a Savings Account, it is not required again. However, if you don’t have a PAN, you will have t...
Discover the latest bank interest rates for 2024 with IDFC FIRST Bank. Get information on savings accounts, fixed deposit and recurring deposits.
- Standard Fixed Deposit
- IDFC First Digital Fixed Deposits
- Tax Saver Fixed Deposits
- Flexi Fixed Deposits
- NRE Fixed Deposit
- Nro Fixed Deposit
- FCNR Fixed Deposit
Minimum deposit amount: Rs 10,000Tenure:7 days to 10 yearsInterest pay-out options: Monthly, quarterly and at maturityThe scheme also allows reinvestment of the interest component to the deposit amount to earn higher yields. The interest component is compounded quarterly and paid at maturity.A Digital Fixed Deposit scheme allows depositors to book an FD without opening a savings account with the IDFC FIRST Bank.Deposit amount:Minimum – Rs 5,000; Maximum – Rs 10,000Tenure:7 days to 10 yearsThe scheme involves an end-to-end digital and paperless booking process.Deposits under this scheme are eligible for a tax deductionof up to Rs 1.5 lakh under Section 80C in each financial yearThe tax benefit will be available only to the first holder of the deposit, in case of joint depositsLock-in period – 5 yearsPremature withdrawal of tax-saver fixed depositsis not allowedFlexi Fixed Deposit is a sweep-out facility on FD offered to senior citizens, minors and non-individualsThis scheme allows customers to link their FD account to their savings or current accountDepositors can set a limit to their savings or current account. The balance that exceeds the specified limit is transferred to their FD account automatically.The scheme is only available for Senior Citizens, Minors and Non-individual accountsTenure: 1 year – 10 yearsInterest on deposits is compounded every 90 days and paid on maturityDepositors can opt for a monthly or quarterly payout optionAmount from NRE deposits is freely repatriableTenure: 7 days – 10 yearsInterest is compounded every 90 days and paid at maturityMonthly or quarterly payout option is also availableDeposits can be repatriated with a limit of USD 1 million in one financial year, after the payment of applicable taxesTenure: 1 year – 5 yearsThis FD scheme can be opened in the following currencies: US Dollar (USD), Pound Sterling (GBP), Euro (EUR), Australian Dollar (AUD) and Singapore Dollar (SGD)Interest on deposits is compounded at intervals of 180 days each and thereafter for the remaining actual number of daysThe principal and interest amount are both freely and completely transferableCompare IDFC Bank FD rates with other banks for different tenures and amounts. Find out the benefits, features and eligibility of IDFC FD and how to open one online.
NameInterest Rate (p.a.)TenureMin. DepositBajaj Finance Ltd.7.16% - 8.50%1 - 5yrs₹ 25,000SBI Bank3.50% - 7.60%1 yr - 10 yrs₹ 1,000ICICI Bank3.00% - 7.75%1 yr - 10 yrs₹ 10,000Axis Bank3.00% - 7.85%1 yr - 10 yrs₹ 5,000IDFC First FD Interest Rates 2024 - Get revised IDFC First Bank fixed deposit rates including eligibility, documents required, how to open, senior citizens rates and more.
Jun 16, 2024 · 9.75% FD interest rate: This bank hikes fixed deposit rates by up to 50 bps, now offers 'highest' FD rate in India. Highest FD interest rate: After the hike, the bank is offering rates of up to 9.25% for the public and 9.75% for seniors.
