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Know the latest fixed deposit interest rates offered by IDFC FIRST Bank. Find the best FD rate for your investment needs. Open your FD account online today!
- To calculate your fixed deposit interest, you will need to use a Fixed Deposit interest calculator. Enter the amount, tenure, and the rate of inter...
- Yes. You have the choice to receive your Fixed Deposit interest payment monthly, quarterly, or annually.
- Yes, the interest you earn on your Fixed Deposit is taxable. But there are various tax deductions you can claim on your fixed deposit interest.
- Choose a bank that’s stable, and has a good track record. Analyse the banks offering the highest rates of interest on your Fixed Deposit and choose...
- The tenure of a Fixed Deposit ranges from seven days to ten years. Every bank will offer you a different span, so it important to check with your b...
Senior Citizens get up to 8.50% p.a.* on Fixed Deposits. Regular Depositors get up to 8.00% p.a.* with IDFC FIRST Bank Fixed Deposits. *Interest rate applicable on a tenure of 500 days. Safe and risk-free investment. No penalty for. Senior Citizens on. early withdrawal. Competitive. 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- Yes, the FD investment can be withdrawn partially.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 prescri...
- 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 un...
- 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...
IDFC FIRST Bank offers an additional 0.5% interest rate on its FD accounts to senior citizens. Is the FD interest rate paid monthly? Yes, customers can choose to receive interest on a monthly basis.
Mar 21, 2024 · IDFC FIRST Bank has revised fixed deposit interest rates on amounts less than Rs 2 crore, according to the bank website. The new FD interest rates are effective March 21, 2024.
- Sneha Kulkarni
- Regular Fixed Deposit
- Flexi Fixed Deposits
- NRE Fixed Deposit
- Nro Fixed Deposit
- FCNR Fixed Deposit
This scheme allows reinvestment of the interest component to the deposit amountMinimum deposit amount: Rs 10,000Interest rates will be calculated on a “simple interest” basis for up to 180 days.In the case of tenors above 180 days, interest is payable and compounded on a quarterly basisFlexi Fixed Deposit is a sweep-out facility 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.Tenure: 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 transferableJul 4, 2023 · IDFC FIRST Bank offers an interest rate of 7.25% on deposits maturing in 551 days to 2 years, the bank now offers interest rate of 7.25% on fixed deposits maturing in 2 years-1 day to 3 years. The bank will pay FD interest of 7% on tenure between 3 years 1 day to 10 years.
IDFC First Fixed deposit interest rates for Domestic below Rs.2 crore. Updated on Sat Apr 13 2024. **The Rates quoted above are as per the respective Bank's Website.
